Weekly Market Update: December 25-29, 2017

Ethylene

Dec spot Ethylene steady at 27.75cpp
U.S. Ethylene prices lowest in the world

Benzene

US Dec Benzene steadies at $3.21/gal
Jan US Benzene contract settles at $3.22/gal

Propylene

PGP
Spot Dec PGP up to 52cpp
Ended the week bid at 53cpp

RGP
Spot Dec RGP offered down to 35.5cpp

Polypropylene

Prices steady with quiet holiday trading
Market mostly flat throughout December

Polyethylene

Prices mostly steady around quiet markets
No apparent surplus inventory, quiet buyer market

Polystyrene

US PS producers implement 5cpp increase for December
30% ethylene / 70% benzene cost formula

Crude Oil

Higher this week
Monday: $59.97/bbl
Friday: $60.42/bbl
(Feb NYMEX WTI Crude)

Natural Gas

Higher this week
Monday: $2.643/mmBtu
Friday: $2953/mmBtu
(Jan NYMEX Natural Gas)

Weekly Market Review

The Chemical Company Weekly Raw Material Chemical Industry Updates January 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.

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