Margins for U.S. ethylene widens 11% from previous week in week ended Feb. 10 as busy turnaround season softens ethane demand, tightens ethylene supply; ethane-based ethylene margins increased to 50.84 cents/lb., up from previous week's 45.85 cents/lb.
February 13, 2012
– Margins for U.S. ethylene widened 11% week-over-week in the week ended Feb. 10, helped by a drop in feedstock ethane prices to their lowest prices in 18 months, ICIS news reported Feb. 13.
Ethane-based ethylene margins increased to 50.84 cents per pound, up from the previous week's margin of 45.85 cents/lb.
A busy turnaround season in the U.S. has softened demand for ethane while tightening supply of ethylene, ICIS reported. Spot prices for February ethylene were up Feb. 13 to 66 cents/lb.-67.50 cents/lb. while Mont Belvieu ethane prices were at 44.25 per gallon to 44.75/gallon.
The primary source of this article is ICIS news, Sutton, England, Feb. 13, 2012.