21 January 2014 15:47 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 1.6% last week, following a rise in feedstock costs, the ICIS margin report showed on Tuesday.
Integrated domestic PE margins were assessed at 66.55 cents/lb ($1,467/tonne) for LDPE and 57.26 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 17 January. That represents a 1.1 cent/lb decrease on average for LDPE and HDPE from a week earlier, using ethane as a feedstock.
Margins fell as ethane costs rose by 8.8% to their highest level since March 2013. Co-product credits slipped by 0.5% on slightly lower crude C4 values, while energy costs rose by 0.8%.
Integrated PE export margins weakened by 1.12 cents/lb on the higher feedstock costs and slightly lower co-product credits.
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