27 January 2014 17:23 [Source: ICIS news]
HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 5.2%, following a 25% rise in feedstock costs, the ICIS margin report showed on Mondy.
Integrated domestic PE margins were assessed at 63.12 cents/lb ($1,392/tonne) for LDPE and 53.82 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 24 January. That represents a 3.44 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 7.65 cents/gal to their highest level since August 2012. Co-product credits slipped by 1.2%, on slightly lower crude C4 values, while energy costs rose by 3.8%. Margins are at their weakest since the end of May 2013.
Integrated PE export margins weakened by 3.43 cents/lb on the higher feedstock costs and slightly lower co-product credits.
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