|
(ICIS) -- US ethylene margins fell
slightly in the third week of August, after an increase in feedstock prices
outweighed new gains in ethylene spot prices, the ICIS margin report showed on
Monday.
Ethylene margins were at 33.36 cents/lb (USD 735/tonne, EUR
514/tonne) for the week ended 19 August, down by 0.7% from a week earlier using
ethane as a feedstock. The small drop, which snapped a six-week uptrend in US
margins, resulted from gains in ethane prices.
Ethane accounts for around 60% of the feedstocks used for US ethylene
production.
US ethylene spot prices inched up in the third week of August,
despite continued losses in the upstream energy complex.
Ethylene for August traded at 61.750–62.750 cents/lb, an average 0.3%
increase from deals done at 61.000–63.125 cents/lb a week earlier.
mrcplast.com
| 
