Weekly Market Update: March 26-29, 2018

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TCC’s Weekly Raw Materials Update: March 26-29.

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Ethylene

Spot ethylene saw a slight rebound
Ended the week at 17.25cpp

Ethylene down overall for March
March spot began the month at 22cpp[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]

Benzene

Range-bound this week, no new trades
Mar: 292cpg DDP HTC
Apr: 289-295cpg DDP HTC
May: 288-294cpg DDP HTC[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1522671508915{margin-top: -50px !important;}”]

Propylene

PGP
Spot Mar PGP trades at month low, 42.75cpp

RGP

Spot Mar RGP steady at 29.5cpp[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text css=”.vc_custom_1522671519646{margin-top: -50px !important;}”]

Polypropylene

Prices mostly unchanged, relatively quiet end of the month
April prices remain uncertain, depending on monomer contracts

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Polyethylene

Flat-to-lower, spot trading quiet this week
LDPE, LLDPE spot availability expected to improve
HDPE BM and HMWPE likely to stay tight

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Polystyrene

Prices steady, limited spot activity this week

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Crude Oil

Lower this week

Monday: $65.55/bbl
Fri: $64.94/bbl
Last Fri: 65.88/bbl
(May NYMEX WTI Crude)

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Natural Gas

Lower this week

Mon: $2.657/mmBtu
Fri: $2.773/mmBtu
Last Fri: 2.633/mmBtu
(May 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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