Weekly Market Update: January 29 – February 2, 2018

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

The Chemical Company Weekly Pricing Update: January 29 – February 2.

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


US Jan ethylene ends trading between 24.75 – 25.25cpp
Feb ends the week trading between 25 – 25.25cpp

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


US Jan benzene ends the month at $3.07/gal
Feb benzene starts up $.07, to $3.14/gal
US Spot Benzene on-par with Asia, higher than Europe

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1517836823007{margin-top: -50px !important;}”]


Spot Feb PGP down to 16.5cpp, trades at 52cpp
US PGP price now close to Asia and Europe

Spot Feb RGP offered down to 31cpp

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1517836846229{margin-top: -50px !important;}”]


PP spot activity was limited this week with sharp drop in propylene values

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1517836835505{margin-top: -50px !important;}”]


PE prices flat to higher amid balanced-to-tight supply
Strong consumer sentiment cited as boosting resin consumption

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1517836861652{margin-top: -50px !important;}”]


US PS producers announced 2-7cpp increases for February

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1517836889033{margin-top: -50px !important;}”]

Crude Oil

Slightly lower this week
Monday: $65.56/bbl
Friday: $65.45/bbl
(Mar NYMEX WTI Crude)

[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1517836909711{margin-top: -50px !important;}”]

Natural Gas

Lower this week
Monday: $3.167/mmBtu
Friday: $2.846/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=”7628″ img_size=”full” alignment=”center” css=”.vc_custom_1517836693888{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.



Share on facebook
Share on twitter
Share on linkedin
Share on 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