Weekly Market Update: April 9-13, 2018

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TCC’s Weekly Raw Materials Update: April 9-13.

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Ethylene

Spot ethylene steadies this week at 14.25cpp

45-day weighted average: 15.653cpp
Compared to March average: 19.887cpp[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]

Benzene

Spot ends the week flat, $2.94/gal DDP HTC

US higher than Europe and Asia[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1523887009785{margin-top: -50px !important;}”]

Propylene

RGP
Spot PGP up slightly, to 43.75cpp

RGP
Spot RGP trades up to 33.5cpp[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1523887018019{margin-top: -50px !important;}”]

Polypropylene

Prices flat-to-higher, supply remains tight with strong demand
PP operating rates rebounding to 93.5%

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Polyethylene

Flat-to-lower this week
Supply of some grades show signs of loosening
LLDPE relatively available
HDPE BM shows flat availability
LDPE film, HMWPE film remain tight

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Polystyrene

Prices steady this week, limited spot activity, relatively good availability

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Crude Oil

Higher this week

Monday: $63.42/bbl
Fri: $67.39/bbl
Last Fri: $62.06/bbl
(May NYMEX WTI Crude)

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Natural Gas

Higher this week

Mon: $2.693/mmBtu
Fri: $2.735/mmBtu
Last Fri: $2.701/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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