Weekly Market Update: November 20-24, 2017

Ethylene

Nov spot ethylene stays at 27.5cpp
US ethylene prices remain lowest in the world
Europe: 52.4cpp, Southeast Asia: 59cpp

Benzene

US Nov benzene stays strong, up to $3.38-3.40/gal
US remains higher than Asia ($2.898/gal), Europe ($3.366/gal)

Propylene

PGP
Spot Nov PGP eases to 48.25cpp

RGP
Spot Nov RGP bids up to 37cpp

Polypropylene

Limited movement during holiday-shortened week
Availability remains balanced-to-tight

Polyethylene

Prices flat-to-lower, limited activity
Some pockets of tight supply

Polystyrene

Spot prices appeared flat with limited activity
Two US producers announced 6cpp increases, effective December 1
Follows upward trend in Q4 benzene pricing

Crude Oil

Futures higher throughout last week
Monday: $56.42/bbl
Friday: $58.95/bbl
(Jan NYMEX WTI Crude)

Natural Gas

Futures lower this week
Monday: $3.047/bbl
Friday: $2.813/bbl
(Dec 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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