HOUSTON (ICIS)--US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 0.31%, following a rise in feedstock costs, the ICIS margin report showed on Monday.
Integrated domestic PE margins were assessed at 68.13 cents/lb ($1,502/tonne, €1,096/tonne) for LDPE and 58.82 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 6 December. That represents a 0.21 cent/lb decrease on average for LDPE and 0.19 cent/lb decrease on average for HDPE, from a week earlier, using ethane as a feedstock.
The PE margin decreased based on a 0.8% rise in ethane feedstock costs, and a 1.4% fall in co-product credits.
Integrated export margins climbed by around 1.85 cents/lb as a 2 cents/lb increase in export LDPE prices outweighed the higher ethane costs. Integrated HDPE export margins fell by 1.13 cents/lb on the higher feedstock costs and a 1 cent/lb softening of export HDPE prices.
($1 = €0.73)