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.