Weekly Market Update: March 12-16, 2018

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TCC’s Weekly Raw Materials Update: March 12-16.

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Ethylene

Mar spot ethylene trades down to 17.5cpp
Rebounds up to 18cpp

45-day average is 1.632cpp lower than Feb[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]

Benzene

Mar ended the week down to 295cpg DDP HTC

Apr: 295-301cpg DDP HTC
May: 293-300cpg DDP HTC[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1521462909165{margin-top: -50px !important;}”]

Propylene

PGP
Spot Mar PGP trades down to 44cpp

RGP

Spot Mar RGP steady at 29.5cpp[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1521463003670{margin-top: -50px !important;}”]

Polypropylene

Prices mostly steady, market waiting for a monomer contract settlement
Bulk rail: Mar HoPP IM/raffia for export 55cpp railcar FOB Houston
HoPP IM FOB Chicago unchanged at 59cpp
Low-end offgrade CoPP for export ~ 49cpp railcar FOB Houston

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Polyethylene

Prices flat to lower, limited spot activity
Tight availability for HDPE BM and film grades
LLDPE film availability improvd
Some HDPE IM and LDPE frac melt availability was seen

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Polystyrene

4cpp increase on prime continued for March
Tight monomer supply, seasonally strong demand
Supply remains tight due to low quarterly operating rates

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Crude Oil

Higher this week

Monday: $61.36/bbl
Fri: $62.34/bbl
Last Fri: 65.49/bbl
(Apr NYMEX WTI Crude)

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Natural Gas

Lower this week

Mon: $2.778/mmBtu
Fri: $2.688/mmBtu
Last Fri: 2.732/mmBtu
(Apr 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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