Weekly Market Update: February 19-23, 2018

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

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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]


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;}”]


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

Spot Feb RGP trades down to 28.5cpp

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

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

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

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Crude Oil

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

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Natural Gas

Tue: 2.616/mmBtu
Fri: 2.625/mmBtu
Last Fri: 2.558/mmBtu
(Mar 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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