The Chemical Company Weekly Market Update Benzene Ethylene Propylene PGP RGP Crude Natural Gas May 24, 2018

Weekly Market Update: May 24, 2018

TCC’s Weekly Raw Materials Update: May 24, 2018.

Ethylene

Ethylene last traded Tuesday at 14.5cpp
May was bid at 14cpp, offered at 16cpp
June bid at 14.25cpp

Benzene

Benzene continues to be flat this week
Last priced DDP HTC at 297cpp

Propylene

RGP
May PGP traded up to 53cpp
Up from 51cpp last week

RGP
May RGP bid down to 35.5cpp, offered up to 41cpp

Crude Oil

Flat-to-higher this week

Wednesday: $71.84/bbl
(June NYMEX WTI Crude)

Natural Gas

Slightly higher this week

Wednesday: $2.914/mmBtu
(June NYMEX Natural Gas)

Weekly Market Review

The Chemical Company Weekly Market Update Benzene Ethylene Propylene PGP RGP Crude Natural Gas May 24, 2018

TCC produces weekly market review graphics, with content courtesy of PetroChem Wire. This information is distributed via TCC’s social media pages, including Facebook, Twitter, LinkedIn and Instagram, as well as posted to The View section of the website, and occasionally published via email with other market updates.

Weekly Market Update: May 7, 2018

TCC’s Weekly Raw Materials Update: May 7, 2018.

Ethylene

Ethylene was mostly flat this week
Bid at 12.625cpp, Offered at 13.25cpp
Last traded at 13.125cpp

Benzene

Benzene mostly flat this week
Last priced DDP HTC at 294cpp

Propylene

RGP
May PGP Bid down to 48cpp
Last traded at 49.25cpp

RGP
May RGP traded at 38cpp

Crude Oil

Higher this week

Monday: $70.73/bbl
(June NYMEX WTI Crude)

Natural Gas

Higher this week

Mon: $2.741/mmBtu
(June NYMEX Natural Gas)

Weekly Market Review

TCC produces weekly market review graphics, with content courtesy of PetroChem Wire. This information is distributed via TCC’s social media pages, including Facebook, Twitter, LinkedIn and Instagram, as well as posted to The View section of the website, and occasionally published via email with other market updates.

Weekly Market Update: April 16-20, 2018

TCC’s Weekly Raw Materials Update: April 16-20.

Ethylene

Spot ethylene slightly lower this week, to 14cpp

30-day weighted average: 15.637cpp
Compared to March average: 19.656cpp

Benzene

Spot ends the week flat-to-down, $2.92/gal DDP HTC

May: 292-296cpg DDP HTC
June: 290-295cpg DDP HTC

Propylene

RGP
Apr PGP up slightly, to 44.75cpp
May PGP traded at 44.5cpp

RGP
Spot RGP bid higher, no trades. Up to 35cpp

Polypropylene

Prices flat-to-higher
Strong demand and unplanned outages
PP export falling off

Polyethylene

Spot prices moved lower
LDPE clarity, LDPE coating and HMWPE film remain tight
PE export availability improved, spot offers limited

Polystyrene

Spot prices down, buyers look to lower feedstock costs

Crude Oil

Higher this week

Monday: $66.22/bbl
Fri: $68.38/bbl
Last Fri: $67.39/bbl
(May NYMEX WTI Crude)

Brent: June Brent settled at $74.06/bbl Friday

Natural Gas

Higher this week

Mon: $2.752/mmBtu
Fri: $2.739/mmBtu
Last Fri: $2.735/mmBtu
(May NYMEX Natural Gas)

Weekly Market Review

TCC produces weekly market review graphics, with content courtesy of PetroChem Wire. This information is distributed via TCC’s social media pages, including Facebook, Twitter, LinkedIn and Instagram, as well as posted to The View section of the website, and occasionally published via email with other market updates.

Weekly Market Update: April 9-13, 2018

TCC’s Weekly Raw Materials Update: April 9-13.

Ethylene

Spot ethylene steadies this week at 14.25cpp

45-day weighted average: 15.653cpp
Compared to March average: 19.887cpp

Benzene

Spot ends the week flat, $2.94/gal DDP HTC

US higher than Europe and Asia

Propylene

RGP
Spot PGP up slightly, to 43.75cpp

RGP
Spot RGP trades up to 33.5cpp

Polypropylene

Prices flat-to-higher, supply remains tight with strong demand
PP operating rates rebounding to 93.5%

Polyethylene

Flat-to-lower this week
Supply of some grades show signs of loosening
LLDPE relatively available
HDPE BM shows flat availability
LDPE film, HMWPE film remain tight

Polystyrene

Prices steady this week, limited spot activity, relatively good availability

Crude Oil

Higher this week

Monday: $63.42/bbl
Fri: $67.39/bbl
Last Fri: $62.06/bbl
(May NYMEX WTI Crude)

Natural Gas

Higher this week

Mon: $2.693/mmBtu
Fri: $2.735/mmBtu
Last Fri: $2.701/mmBtu
(May NYMEX Natural Gas)

Weekly Market Review

TCC produces weekly market review graphics, with content courtesy of PetroChem Wire. This information is distributed via TCC’s social media pages, including Facebook, Twitter, LinkedIn and Instagram, as well as posted to The View section of the website, and occasionally published via email with other market updates.

Weekly Market Update: April 2-6, 2018

TCC’s Weekly Raw Materials Update: March 26-29.

Ethylene

Spot ethylene hits new lows this week
Traded Friday at 14.25cpp

Benzene

Spot was higher this week
Ended up 2cpg, to 296cpg ($885/mt)

Propylene

PGP
Spot Mar PGP steady at 42cpp

RGP
Spot Mar RGP bid higher, no new trades
Spot RGP ~ 29.5cpp

Polypropylene

Prices steady with tight availability for most grades

Polyethylene

HDPE BM HIC for export ended the week at 57cpp
LDPE film steady Friday at 55cpp
Domestic demand strong for HDPE, LDPE and LLDPE

Polystyrene

Prices firm this week, limited spot supply for HIPS and GPPS

Crude Oil

Lower this week

Monday: $63.01/bbl
Fri: $62.06/bbl
Last Fri: $64.94/bbl
(May NYMEX WTI Crude)

Natural Gas

Flat-to-lower this week

Mon: $2.683/mmBtu
Fri: $2.701/mmBtu
Last Fri: $2.733/mmBtu
(May NYMEX Natural Gas)

Weekly Market Review

TCC produces weekly market review graphics, with content courtesy of PetroChem Wire. This information is distributed via TCC’s social media pages, including Facebook, Twitter, LinkedIn and Instagram, as well as posted to The View section of the website, and occasionally published via email with other market updates.

Weekly Market Update: March 26-29, 2018

TCC’s Weekly Raw Materials Update: March 26-29.

Ethylene

Spot ethylene saw a slight rebound
Ended the week at 17.25cpp

Ethylene down overall for March
March spot began the month at 22cpp

Benzene

Range-bound this week, no new trades
Mar: 292cpg DDP HTC
Apr: 289-295cpg DDP HTC
May: 288-294cpg DDP HTC

Propylene

PGP
Spot Mar PGP trades at month low, 42.75cpp

RGP

Spot Mar RGP steady at 29.5cpp

Polypropylene

Prices mostly unchanged, relatively quiet end of the month
April prices remain uncertain, depending on monomer contracts

Polyethylene

Flat-to-lower, spot trading quiet this week
LDPE, LLDPE spot availability expected to improve
HDPE BM and HMWPE likely to stay tight

Polystyrene

Prices steady, limited spot activity this week

Crude Oil

Lower this week

Monday: $65.55/bbl
Fri: $64.94/bbl
Last Fri: 65.88/bbl
(May NYMEX WTI Crude)

Natural Gas

Lower this week

Mon: $2.657/mmBtu
Fri: $2.773/mmBtu
Last Fri: 2.633/mmBtu
(May NYMEX Natural Gas)

Weekly Market Review

TCC produces weekly market review graphics, with content courtesy of PetroChem Wire. This information is distributed via TCC’s social media pages, including Facebook, Twitter, LinkedIn and Instagram, as well as posted to The View section of the website, and occasionally published via email with other market updates.

Crude Oil Futures Above $65/barrel

Crude Oil barrel prices jumped 3% on Wednesday, ticking above $65/bbl for the second time in 2018. Crude was last over $65 at the end of January, moving down below $60 in February before rebounding this week.

As of 4:00PM ET, Crude Oil was priced at $65.52/bbl, up 3.11% on the day, according to ino.com.

For consistent news and analysis, subscribe to TCC’s podcast series, and follow along on Instagram, Facebook and Linkedin for timely market news.

Weekly Market Update: March 12-16, 2018

TCC’s Weekly Raw Materials Update: March 12-16.

Ethylene

Mar spot ethylene trades down to 17.5cpp
Rebounds up to 18cpp

45-day average is 1.632cpp lower than Feb

Benzene

Mar ended the week down to 295cpg DDP HTC

Apr: 295-301cpg DDP HTC
May: 293-300cpg DDP HTC

Propylene

PGP
Spot Mar PGP trades down to 44cpp

RGP

Spot Mar RGP steady at 29.5cpp

Polypropylene

Prices mostly steady, market waiting for a monomer contract settlement
Bulk rail: Mar HoPP IM/raffia for export 55cpp railcar FOB Houston
HoPP IM FOB Chicago unchanged at 59cpp
Low-end offgrade CoPP for export ~ 49cpp railcar FOB Houston

Polyethylene

Prices flat to lower, limited spot activity
Tight availability for HDPE BM and film grades
LLDPE film availability improvd
Some HDPE IM and LDPE frac melt availability was seen

Polystyrene

4cpp increase on prime continued for March
Tight monomer supply, seasonally strong demand
Supply remains tight due to low quarterly operating rates

Crude Oil

Higher this week

Monday: $61.36/bbl
Fri: $62.34/bbl
Last Fri: 65.49/bbl
(Apr NYMEX WTI Crude)

Natural Gas

Lower this week

Mon: $2.778/mmBtu
Fri: $2.688/mmBtu
Last Fri: 2.732/mmBtu
(Apr NYMEX Natural Gas)

Weekly Market Review

TCC produces weekly market review graphics, with content courtesy of PetroChem Wire. This information is distributed via TCC’s social media pages, including Facebook, Twitter, LinkedIn and Instagram, as well as posted to The View section of the website, and occasionally published via email with other market updates.

Weekly Market Update: February 26 – March 2, 2018

TCC’s Weekly Raw Materials Update: February 26 – March 2.

 

Ethylene

February spot ends the month at 22.125cpp
Mar spot starts, trades down to 21.25cpp

Feb 45-day weight average for TX/LA: 23.19cpp
Jan average was 47.884cpp

Benzene

Mar ended the week down to 303cpg

Mar: 301-305cpg DDP HTC
April & May: 302-306cpg DDP HTC

Propylene

PGP
Spot Mar PGP trades up to 44.5-45cpp
US PGP still below Asia (FOB Korea and CFR China) and Europe

RGP
Spot Mar RGP up to 29.5cpp

Polypropylene

Limited spot activity this week
Market awaiting clarity on Mar propylene values

Polyethylene

Prices firm, tight spot availability

Polystyrene

US PS producers announce 4cpp increase in March
Follows a 2cpp hike in February
Tight styrene monomer supplies, rising butadiene rubber costs believed to be the causes

Crude Oil

Lower this week

Monday: $63.91/bbl
Fri: $61.25/bbl
Last Fri: 63.55/bbl
(Apr NYMEX WTI Crude)

Natural Gas

Higher this week

Mon: $2.686/mmBtu
Fri: $2.695/mmBtu
Last Fri: 2.657/mmBtu
(Apr NYMEX Natural Gas)

Weekly Market Review

TCC produces weekly market review graphics, with content courtesy of PetroChem Wire. This information is distributed via TCC’s social media pages, including Facebook, Twitter, LinkedIn and Instagram, as well as posted to The View section of the website, and occasionally published via email with other market updates.

Benzene Price Ethylene Price Propylene Price

Weekly Market Update: February 19-23, 2018

TCC’s Weekly Raw Materials Update: February 19-23.

Ethylene

Feb spot ethylene down to 22cpp

Feb 45-day average for TX/LA at 23.254cpp
Compared to 27.884 January average

Benzene

Prices slightly lower this week
Tuesday: Feb closed at 309cpg DDP HTC, down 1cpp in a week
Friday: Feb and Mar traded at 309cpg DDP HTC

Weighted average of Feb sales: 309.17cpg

Propylene

PGP
Spot Feb PGP moves down to 43.625cpp
Spot Mar PGP trades down to 43.5cpp

RGP
Spot Feb RGP trades down to 28.5cpp

Polypropylene

Prices continue to lower
Market adjusting to new, lower monomer costs

Polyethylene

PE prices flat to higher
Generally tight supply
New PE capacity along US Gulf Coast not seen as a major impact yet

Polystyrene

PS prime market prices holding with a 2cpp increase
4cpp increase announced for March

Crude Oil

Slightly lower this week
Monday: $61.79/bbl
Fri: 63.55/bbl
Last Fri: 61.55/bbl
(Apr NYMEX WTI Crude)

Natural Gas

Tue: 2.616/mmBtu
Fri: 2.625/mmBtu
Last Fri: 2.558/mmBtu
(Mar NYMEX Natural Gas)

Weekly Market Review

Benzene Price Ethylene Price Propylene Price

TCC produces weekly market review graphics, with content courtesy of PetroChem Wire. This information is distributed via TCC’s social media pages, including Facebook, Twitter, LinkedIn and Instagram, as well as posted to The View section of the website, and occasionally published via email with other market updates.