04 December 2013 17:12 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 0.61%, following a rise in feedstock costs, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 68.34 cents/lb ($1,507/tonne, €1,115/tonne) for LDPE and 59.01 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 29 November. That represents a 0.42 cent/lb decrease on average for LDPE and 0.39 cent/lb decrease on average for HDPE from a week earlier, using ethane as a feedstock.
The PE margin decreased based on a 2.8% rise in ethane feedstock costs, and a 0.7% fall in co-product credits.
Integrated export margins fell by around 0.36 cents/lb on the higher feedstock costs. Export prices were unchanged.
($1 = €0.74)
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