Weekly Market Update: February 5-9, 2018

The Chemical Company Weekly Pricing Update: February 5-9, 2018.

Ethylene

Feb spot ethylene trades down to 21.25cpp
Rebounds in February to 22.25cpp
US ethylene prices remain lowest in the world

Benzene

US Feb benzene drops 20 cents, ends at $2.95/gal
Global prices fell in parallel

US styrene down 2 cents, to $.66cpp

Propylene

PGP
Spot Feb PGP down to 50cpp
Mar offers fall to 48.5cpp

RGP
Spot Feb RGP flat at 31cpp

Polypropylene

Prices flat-to-lower, low monomer values weighed on buyer expectations

Polyethylene

PE mostly higher this week, producers push to implement a 4cpp February price increase

Polystyrene

PS suppliers implement a 2cpp price increase in Feb

Crude Oil

Slightly lower this week
Monday: $64.15/bbl
Friday: $59.20/bbl
(Mar NYMEX WTI Crude)

Natural Gas

Lower this week
Monday: $2.747/mmBtu
Friday: $2.584/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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