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TCC’s Weekly Raw Materials Update: February 12-16.
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Ethylene
Range-bound most of the week, ending slightly higher
Feb MtB-NOVA began the week at 22.25cpp
Ended the week bid at 22.625
March maintained a small premium of .25cpp
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Benzene
Prices higher this week
Feb bids rose to $3.09/gal DDP HTC
March was bid at $3.09
April was bid at $3.10
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Propylene
PGP
Spot Feb PGP was lower this week
Traded down to 45.25cpp Friday morning
RGP
Spot Feb RGP offered down slightly to 30cpp
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Polypropylene
Prices were mostly lower this week
Limited trading due to anticipated lower prices to come
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Polyethylene
PE prices mixed this week, spot availability remains limited
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Polystyrene
PS producers are continuing to implement at 2cpp increase for Feb
Follows a roll for January
Some tight prime availability
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Crude Oil
Slightly lower this week
Monday: $59.89/bbl
Friday: $61.83/bbl
(Mar NYMEX WTI Crude)
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Natural Gas
Lower this week
Monday: $2.564/mmBtu
Friday: $2.605/mmBtu
(Feb 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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