Weekly Market Update: January 29 – February 2, 2018

The Chemical Company Weekly Pricing Update: January 29 – February 2.

Ethylene

US Jan ethylene ends trading between 24.75 – 25.25cpp
Feb ends the week trading between 25 – 25.25cpp

Benzene

US Jan benzene ends the month at $3.07/gal
Feb benzene starts up $.07, to $3.14/gal
US Spot Benzene on-par with Asia, higher than Europe

Propylene

PGP
Spot Feb PGP down to 16.5cpp, trades at 52cpp
US PGP price now close to Asia and Europe

RGP
Spot Feb RGP offered down to 31cpp

Polypropylene

PP spot activity was limited this week with sharp drop in propylene values

Polyethylene

PE prices flat to higher amid balanced-to-tight supply
Strong consumer sentiment cited as boosting resin consumption

Polystyrene

US PS producers announced 2-7cpp increases for February

Crude Oil

Slightly lower this week
Monday: $65.56/bbl
Friday: $65.45/bbl
(Mar NYMEX WTI Crude)

Natural Gas

Lower this week
Monday: $3.167/mmBtu
Friday: $2.846/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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