Weekly Market Update: February 12-16, 2018

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

Ethylene

Range-bound most of the week, ending slightly higher
Feb MtB-NOVA began the week at 22.25cpp
Ended the week bid at 22.625
March maintained a small premium of .25cpp

Benzene

Prices higher this week
Feb bids rose to $3.09/gal DDP HTC
March was bid at $3.09
April was bid at $3.10

Propylene

PGP
Spot Feb PGP was lower this week
Traded down to 45.25cpp Friday morning

RGP
Spot Feb RGP offered down slightly to 30cpp

Polypropylene

Prices were mostly lower this week
Limited trading due to anticipated lower prices to come

Polyethylene

PE prices mixed this week, spot availability remains limited

Polystyrene

PS producers are continuing to implement at 2cpp increase for Feb
Follows a roll for January
Some tight prime availability

Crude Oil

Slightly lower this week
Monday: $59.89/bbl
Friday: $61.83/bbl
(Mar NYMEX WTI Crude)

Natural Gas

Lower this week
Monday: $2.564/mmBtu
Friday: $2.605/mmBtu
(Feb 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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