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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 advance as crude, indexes continue ascent: PCW index

HOUSTON, August 12, 2016 (PCW) -– Petchems companies’ stocks advanced on the back of crude gains and continued improvements in economic indexes.

The olefins/polyolefins sector saw the week’s biggest gains with its average stock price up 83 cents/share, or 1.41%, to $59.56/share. Westlake Chemical was in the lead with its shares gaining 6.77% during the week on heavier-than-average trading as several analysts upgraded their ratings.

The midstream group was next as its average stock price rose 43 cents/share, or 1.36%, to $32.05/share. Targa led the pack with its stock up 4.45% although trading volumes were noticeably light. Analysts noted, however, noted the company’s stock price has moved past its 50-day moving average, which might have triggered some buying on the part of institutional investors.

The vinyls sector’s average stock price advanced 48 cents/share, or 1.27%, to $38.58/share as Westlake’s 6.77% stock climb pulled the overall group higher.

Finally, the aromatics/refinery group’s average stock price ticked up 55 cents/share, or 0.97%, to $57.61/share. Marathon Petroleum’s 3.13% gain on the week saw the lion’s share of gains in the sector as analysts upgraded the company’s rating to a ‘Buy.’ This triggered some heavy buying volumes in midweek. –- Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 32.05 31.62 0.43 1.36
Olefins/Polyolefins Average 59.56 58.73 0.83 1.41
Aros/Refinery Average 57.61 57.05 0.55 0.97
Vinyls Average 38.58 38.09 0.48 1.27
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.11 1.11 0.00 0.11
Dow Jones Indices 18613.52 18352.05 261.47 1.42
S&P 500 2185.79 2164.25 21.54 1.00
WTI crude 43.49 41.93 1.56 3.72