10 February 2014 15:26 [Source: ICIS news]
Integrated domestic PE margins were assessed at 62.73 cents/lb ($1,383/tonne) for LDPE and 53.50 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 7 February. That represents a 0.32 cent/lb decrease on average for LDPE and a 0.34 cent/lb decrease on average for HDPE, from a week earlier, using ethane as a feedstock.
Ethane costs rose by 2.2%, while co-product credits edged up slightly. Average PE margins for January are about 1.95 cents/lb lower than December 2013 and are ta a five-month low.
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