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NGLs Week

NGLs Week Newsletter  

PetroChem Wire and Genscape have partnered to create NGLs Week, a comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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Petchems stocks make gains as US dollar strengthens, crude stagnates: PCW index

HOUSTON, October 21, 2016 (PCW) – Petchems companies’ stocks made slim gains during the week as crude went relatively unchanged and the US dollar strengthened against the Euro.

The olefins/polyolefins sector saw the largest increase with its average stock price up $1.18/share, or 1.94%, to $62/07/share. Eastman Chemical led the pack, rising 5.89% week on week, ahead of the firm announcing its 3Q earnings next week.

The midstream group was next with the average stock price gaining 42 cents/share, or 1.32%, to $32.58/share. Sunoco Logistics was the biggest gainer, rising 3.13%, as several institutional investors increased their positions in the firm’s stock.

The aromatics/refinery sector was next with its average stock price advancing 42 cents/share, or 0.72%, to $58.92/share. Marathon Petroleum’s shares picked up 3.59% during the week as several analysts upgraded their ratings to a ‘Buy’ ahead of the firm’s 3Q earnings announcement next week.

Finally, the vinyls group saw a 13-cent uptick (0.33%) in its average share price to $39/share. Olin moved up 8.63% during the week as analysts reported several institutional investors significantly upped their positions in the company’s stock. – Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 32.58 32.15 0.42 1.32
Olefins/Polyolefins Average 62.07 60.89 1.18 1.94
Aros/Refinery Average 58.92 58.50 0.42 0.72
Vinyls Average 39.00 38.88 0.13 0.33
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.09 1.11 -0.01 -1.10
Dow Jones Indices 18162.35 18098.44 63.91 0.35
S&P 500 2141.34 2132.55 8.79 0.41
WTI crude 50.43 50.44 -0.01 -0.02