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.

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