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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 mostly higher as crude, indexes rise: PCW index

HOUSTON, May 27, 2016 (PCW) –- Petchems companies’ stocks were mostly up during the week as crude and economic indexes saw gains.

The vinyls segment was leader with its average stock price up $1.23, or 3.44%, to $37.02/share. Olin’s stock price led the group, rising 9.54% during the week as many analysts upped their ratings to a ‘Buy.’

The olefins/polyolefins group was next with its average stock price rising $0.63, or 1.07%, to $59.78/share. Dupont and Dow’s stocks were the biggest gainers, up 3.96% and 2.4%, respectively, as the companies moved further toward their merger. This week, the companies announced senior leadership in the new entity.

The midstream segment saw its average stock price inch up $0.22, or 0.74%, to $30.26/share. Boardwalk Pipeline was in the lead with its stock price up 5.57% week-on-week after institutional investors increased their positions in the company’s stock, anticipating a healthy earnings per share figure.

The aromatics/refinery sector was the sole loser with its average stock price down 6 cents, or 0.11%, to $57.90/share. Alon was the biggest loser with its stock price down 6.57% on the week amid heavier-than-usual trading volumes. –- Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 30.26 30.04 0.22 0.74
Olefins/Polyolefins Average 59.78 59.15 0.63 1.07
Aros/Refinery Average 57.90 57.96 -0.06 -0.11
Vinyls Average 37.02 35.79 1.23 3.44
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.12 1.12 0.00 -0.08
Dow Jones Indices 17828.29 17435.40 392.89 2.25
S&P 500 2090.10 2040.04 50.06 2.45
WTI crude 49.48 48.16 1.32 2.74