Weekly Market Update: April 16-20, 2018

[vc_row border_color=”#0c0c0c”][vc_column][vc_column_text]

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

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]


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]


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;}”]


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

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;}”]


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

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1524497030096{margin-top: -50px !important;}”]


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

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1524497039806{margin-top: -50px !important;}”]


Spot prices down, buyers look to lower feedstock costs

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1524497076013{margin-top: -50px !important;}”]

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)

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title=”Weekly Market Review” css=”.vc_custom_1511802926761{margin-top: -50px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”8019″ img_size=”full” alignment=”center” css=”.vc_custom_1524497136109{margin-top: -100px !important;}”][vc_column_text]

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.



Share on facebook
Share on twitter
Share on linkedin
Share on email

Related Posts

Russian Sanctions Cause Market Uncertainty

Worldwide industries are facing unprecedented times as uncertainty rises around the longevity of Russian sanctions. Businesses are drawing up long, medium, and short-term plans for

Unprecedented Economic Trends for March

March 2022’s economic trends are unlike anything America has witnessed before. The number of unemployed individuals rose to 227,000, while employers are desperate to fill