Weekly Market Update: February 5-9, 2018

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

The Chemical Company Weekly Pricing Update: February 5-9, 2018.

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

Ethylene

Feb spot ethylene trades down to 21.25cpp
Rebounds in February to 22.25cpp
US ethylene prices remain lowest in the world

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

Benzene

US Feb benzene drops 20 cents, ends at $2.95/gal
Global prices fell in parallel

US styrene down 2 cents, to $.66cpp

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1518466196573{margin-top: -50px !important;}”]

Propylene

PGP
Spot Feb PGP down to 50cpp
Mar offers fall to 48.5cpp

RGP
Spot Feb RGP flat at 31cpp

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1518466207316{margin-top: -50px !important;}”]

Polypropylene

Prices flat-to-lower, low monomer values weighed on buyer expectations

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1518466218680{margin-top: -50px !important;}”]

Polyethylene

PE mostly higher this week, producers push to implement a 4cpp February price increase

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1518466228813{margin-top: -50px !important;}”]

Polystyrene

PS suppliers implement a 2cpp price increase in Feb

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1518466247735{margin-top: -50px !important;}”]

Crude Oil

Slightly lower this week
Monday: $64.15/bbl
Friday: $59.20/bbl
(Mar NYMEX WTI Crude)

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1518466263092{margin-top: -50px !important;}”]

Natural Gas

Lower this week
Monday: $2.747/mmBtu
Friday: $2.584/mmBtu
(Feb 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=”7688″ img_size=”full” alignment=”center” css=”.vc_custom_1518466300981{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