Weekly Market Update: December 25-29, 2017

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Ethylene

Dec spot Ethylene steady at 27.75cpp
U.S. Ethylene prices lowest in the world

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Benzene

US Dec Benzene steadies at $3.21/gal
Jan US Benzene contract settles at $3.22/gal

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Propylene

PGP
Spot Dec PGP up to 52cpp
Ended the week bid at 53cpp

RGP
Spot Dec RGP offered down to 35.5cpp

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Polypropylene

Prices steady with quiet holiday trading
Market mostly flat throughout December

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Polyethylene

Prices mostly steady around quiet markets
No apparent surplus inventory, quiet buyer market

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Polystyrene

US PS producers implement 5cpp increase for December
30% ethylene / 70% benzene cost formula

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Crude Oil

Higher this week
Monday: $59.97/bbl
Friday: $60.42/bbl
(Feb NYMEX WTI Crude)

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Natural Gas

Higher this week
Monday: $2.643/mmBtu
Friday: $2953/mmBtu
(Jan 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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