Weekly Market Update: April 16-20, 2018

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TCC’s Weekly Raw Materials Update: April 16-20.

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Ethylene

Spot ethylene slightly lower this week, to 14cpp

30-day weighted average: 15.637cpp
Compared to March average: 19.656cpp[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]

Benzene

Spot ends the week flat-to-down, $2.92/gal DDP HTC

May: 292-296cpg DDP HTC
June: 290-295cpg DDP HTC[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1524497006578{margin-top: -50px !important;}”]

Propylene

RGP
Apr PGP up slightly, to 44.75cpp
May PGP traded at 44.5cpp

RGP
Spot RGP bid higher, no trades. Up to 35cpp[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1524497015688{margin-top: -50px !important;}”]

Polypropylene

Prices flat-to-higher
Strong demand and unplanned outages
PP export falling off

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Polyethylene

Spot prices moved lower
LDPE clarity, LDPE coating and HMWPE film remain tight
PE export availability improved, spot offers limited

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Polystyrene

Spot prices down, buyers look to lower feedstock costs

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Crude Oil

Higher this week

Monday: $66.22/bbl
Fri: $68.38/bbl
Last Fri: $67.39/bbl
(May NYMEX WTI Crude)

Brent: June Brent settled at $74.06/bbl Friday[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1524497093886{margin-top: -50px !important;}”]

Natural Gas

Higher this week

Mon: $2.752/mmBtu
Fri: $2.739/mmBtu
Last Fri: $2.735/mmBtu
(May NYMEX Natural Gas)

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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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