US PE margins rise slightly on sinking feedstock

HOUSTON (ICIS)–Integrated polyethylene (PE) contract margins rose slightly during the past week on a 2.3% drop in ethane costs, the ICIS PE margin report showed on Tuesday.

Integrated contract margins increased by 0.12 cents/lb for low density PE (LDPE) and by 0.13 cents/lb for high density PE (HDPE), the report showed.

Ethane costs fell by 0.42 cents/gal.

November to-date contract margins remain based on the October PE and ethylene contract prices.