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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 rally as crude makes gains: PCW index

HOUSTON, June 24, 2016 (PCW) -– Petchems companies’ stocks rose week on week as crude gained 8.44% during the same time frame and economic indexes saw milder increases.

The midstream sector once again most closely mirrored crude’s gains with its average stock price up $1.81, or 5.94%, to $32.27/share. The group was led by Energy Transfer’s 7.7% increase during the week as the company and its intended buyout target, Williams, headed to court. The ruling, which is expected as early as Friday, is expected to favor Energy Transfer and provide a way out of the embattled merger, which resulted in a surge in investor confidence.

The aromatics/refinery group was next with its average stock price up $2.26, or 3.97%, to $59.06/share. Shell’s 10.08% rise buoyed the group as its stock hit a 52-week high on Thursday, the day of the Brexit vote, as the supermajor stated it would work with the United Kingdom and the European Union to ensure it would be business as usual. With votes counted on Friday, the United Kingdom opted to leave the EU, sending financial markets spiraling downward.

The vinyls sector’s average stock price increased $1.30, or 3.44%, to $39.09/share. Ply Gem was in the lead with its stock price gaining 6.81% week on week on higher-than-average trading volumes.

Finally, the olefins/polyolefins group’s average stock price picked up $1.45, or 2.43%, to $61.05/share. Some companies’ losses were muted by Shell stock’s big move during the week. –- Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 32.27 30.46 1.81 5.94
Olefins/Polyolefins Average 61.05 59.60 1.45 2.43
Aros/Refinery Average 59.06 56.80 2.26 3.97
Vinyls Average 39.09 37.79 1.30 3.44
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.14 1.12 0.02 1.74
Dow Jones Indices 18011.07 17733.10 277.97 1.57
S&P 500 2113.32 2077.99 35.33 1.70
WTI crude 50.11 46.21 3.90 8.44