Weekly Market Update: December 11-15, 2017

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Dec spot ends lower, 27.5cpp
US ethylene remains lowest in the world
(Europe: 52.5cpp, SE Asia: 54.4cpp, NE Asia: 60.3cpp)

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US Dec benzene ends at $3.38/gal, up 6 cents since last Fri
US benzene higher than Asia ($3.02/gal), lower than Europe ($3.55/gal)
US styrene prices gain 0.2cpp, up to 59.4cpp, or $1310/mt

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Spot Dec PGP ends up, to 48.5cpp
US PGP remains highest in the world
(Asia: 42.4 FOB Korea, 46cpp CFR NE Asia, 46.7cpp Europe)

Spot Dec RGP slightly higher, to 37cpp

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Prices mixed among slow demand, firm monomer costs
Early reports show NA PP inventories up 48 mil lbs last month

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Prices mostly unchanged, tight spot availability

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US PS producers have raised Dec prime markets by 5cpp

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Crude Oil

Slightly lower this week
Monday: $57.99/bbl
Friday: $57.30/bbl
(Jan NYMEX WTI Crude)
Previous Friday: $57.36/bbl

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Natural Gas

Slightly lower this week
Monday: $2.828/mmBtu
Friday: $2.612/mmBtu
(Jan NYMEX Natural Gas)
Previous Friday: 2.772/mmBtu

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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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