Integrated domestic PE margins were assessed at 70.61 cents/lb ($1,557/tonne) for LDPE and 61.38 cents/lb for high density polyethylene (HDPE) blow moulding in the week that ended on 2 May. That represents a 0.13 cent/lb increase on average for LDPE and HDPE, from a week earlier, using ethane as a feedstock.
Ethane costs fell by 1.1% on a 0.35 cent/gal decrease in ethane prices. Co-product credits were relatively flat.
Standalone contract PE margins for March and April were revised upwards following March and April ethylene contract price settlements. Following the revisions, average March standalone contract margins are the highest since ICIS margin records began in 2000. Average margins for April are the second highest.