LONDON (ICIS)–Producers of polyethylene (PE)
in Europe saw their margins increase week on
week on the back of higher co-products values,
ICIS margin analysis showed on Wednesday.
Increasing ethylene prices weighed on
standalone operators, forcing margins down.
In the week to 3 July:
– Naphtha values rose by more than
2%
– LPG values fell by more than
3%
High density polyethylene (HDPE) contract
margins soared by nearly 9%, co-product credits
rose:LPG-based HDPE
contract margins increased by 12%.
Low density polyethylene (LDPE) contract
margins went up by 7%, co-product credits were
up slightly:
LPG-based LDPE contract margins increased by
10%.
HDPE spot margins by feedstock:
–
LDPE spot margins by feedstock:
In the week to 3 July, PE demand remained
steady while supply length was reduced as
technical problems eased, although some
tightness remained for LDPE.
For most grades, there is still no shortage of
supply.
Prices remained largely unchanged, except for
linear low density polyethylene (LLDPE), which
saw a small rise as fewer imports shortened
supply.
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