Weekly Market Update: February 19-23, 2018

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

TCC’s Weekly Raw Materials Update: February 19-23.

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

Ethylene

Feb spot ethylene down to 22cpp

Feb 45-day average for TX/LA at 23.254cpp
Compared to 27.884 January average[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]

Benzene

Prices slightly lower this week
Tuesday: Feb closed at 309cpg DDP HTC, down 1cpp in a week
Friday: Feb and Mar traded at 309cpg DDP HTC

Weighted average of Feb sales: 309.17cpg[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1519680558455{margin-top: -50px !important;}”]

Propylene

PGP
Spot Feb PGP moves down to 43.625cpp
Spot Mar PGP trades down to 43.5cpp

RGP
Spot Feb RGP trades down to 28.5cpp

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1519680569794{margin-top: -50px !important;}”]

Polypropylene

Prices continue to lower
Market adjusting to new, lower monomer costs

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1519680582665{margin-top: -50px !important;}”]

Polyethylene

PE prices flat to higher
Generally tight supply
New PE capacity along US Gulf Coast not seen as a major impact yet

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1519680598279{margin-top: -50px !important;}”]

Polystyrene

PS prime market prices holding with a 2cpp increase
4cpp increase announced for March

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1519680853243{margin-top: -50px !important;}”]

Crude Oil

Slightly lower this week
Monday: $61.79/bbl
Fri: 63.55/bbl
Last Fri: 61.55/bbl
(Apr NYMEX WTI Crude)

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1519680680623{margin-top: -50px !important;}”]

Natural Gas

Tue: 2.616/mmBtu
Fri: 2.625/mmBtu
Last Fri: 2.558/mmBtu
(Mar 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=”7713″ img_size=”full” alignment=”center” css=”.vc_custom_1519680746453{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.

[/vc_column_text][/vc_column][/vc_row]

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
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