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.

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