Weekly Market Update: November 27 – December 1, 2017

Ethylene

Nov spot ethylene ends at 26.5cpp
Dec ethylene starts the month at 27.375-27.75cpp
US ethylene remains lowest in the world
Europe: 52.1cpp, SE Asia: 53.3cpp, NE Asia: 5cpp

Benzene

US Nov benzene ends at $3.31/gal
US Dec benzene begins the month at $3.24/gal
US benzene remains higher than Asia ($2.90/gal), slightly lower than Europe ($3.30/gal)

 

Propylene

PGP
Spot Nov PGP ends at 48cpp
Spot Dec PGP begins at 47.25cpp
Remains highest in the world

RGP
Spot Nov RGP trades at 36.5cpp

Polypropylene

Spot pricing mostly unchanged
Low export / domestic activity

Polyethylene

Prices mostly lower
Export activity appears to be picking up

Polystyrene

US PS producers seeking 5-6cpp increases for Dec
Increases supported by 50cpg increase in contract benzene pricing
Each 10cpg benzene increase typically equals 1cpp PS increase

Crude Oil

Futures mixed this week
Monday: $58.11/bbl
Friday: $58.36/bbl
(Jan NYMEX WTI Crude)
Dec contract expired at $56.09/bbl on 11/27

Natural Gas

Futures higher
Monday: $3.017/mmBtu
Friday: $3.061/mmBtu
(Jan NYMEX Natural Gas)
Dec contract expired at $3.074/mmBtu

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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