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.

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