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PetroChem Wire Training Program

New to petrochemicals markets? Or wanting a refresher course on market dynamics or hedging instruments?

PetroChem Wire editors have years of deep and broad market and industry expertise and have come up with training programs to address some of the most pertinent questions: What are these markets? How do they work? What are the relationships between these markets? What are the price mechanisms? What's next?

PetroChem Wire is pleased to offer hourly, half-day or full-day on-site training programs on many topics. Please click here for more.

See our final report on Hurricane Harvey's impact

The state of Texas has endured many hurricanes, but Hurricane Harvey's duration as it moved so slowly through the region was an unusual aspect of this storm.

The aftermath of Harvey continues long after its first landfall. CLICK HERE to see our report on Harvey's impact.

PetroChem Wire News Headlines

PETROCHEM WIRE’S 2017 YEAR IN REVIEW: ETHYLENE

Spot ethylene markets were fairly range-bound in 2017 as supply/demand dynamics grappled with the first wave of new olefins production capacity and with some of the most severe operational halts and logistical constraints seen in recent memory due to Hurricane Harvey.

Spot ethylene prices began 2017 at 27.625 cpp and closed the year nearly flat to that level at 27.75 cpp, an increase of 0.45%, according to PetroChem Wire data. The intra-year high was seen in early Feb at 38 cpp, while the lowest ebb came in early July at 17.25 cpp

To request a copy of the complete report, click here.

PETROCHEM WIRE’S 2017 YEAR IN REVIEW: PROPYLENE

Spot propylene markets were sharply higher in 2017 amid severe operating issues and lower inventories, largely due to Hurricane Harvey. This market snugness has persisted and has been exacerbated upon entering 2018, bringing January spot PGP prices to 38-month highs.

Spot polymer-grade propylene (PGP) prices began 2017 at their lowest point of 34 cpp and closed the year at 53 cpp, an increase of 55.9%, according to PetroChem Wire data. The intra-year high was seen in early March at 54 cpp. Refinery-grade propylene (RGP) pipeline prices kicked off 2017 at 20.5 cpp and ended the year at 35.5 cpp, up 73.2%. RGP’s high of the year also came in early March when it peaked at 45 cpp. Meanwhile, the PGP-RGP spot premium began the year at 13.5 cpp, but closed out at a peak of 17.5 cpp as PGP supplies proved relatively tighter than RGP. In 2017, the premium averaged around 12.4 cpp, compared to nearly 10.9 cpp the previous year.

To request a copy of the complete report, click here.

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The Distillation Column--A Blog on Refining

Read PetroChem Wire Editor and refinery industry expert Robert Sharp's new weekly blog that discusses industry and market trends, and the economics of petrochemicals, such as alkylate and raffinate, in the ever-changing refined products marketplace. See recent postings below:

VGO is cheap, margins poor, but not for long

Shell FCC decision signals extra refining needed to boost supplies after Harvey.

Refined product shortages from Harvey? Just export less

Defying octane value, alkylate differenteials stagnant as gasoline prices climb

Steep decline in gasoline exports helps keep US prices low

Pre-buying alkylate for summer blending an unworkable strategy

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