06 January 2006 12:24  [Source: ICIS news]

ICIS Petrochemical Index (IPEX) slips 3.80 percent in January

The January ICIS Petrochemical Index (IPEX) slipped 3.80 percent to 225.16 points from December's value of 234.06 points as nine of the 12 grades included in the IPEX basket posted weaker average price levels.

The 8.90 point fall took the cumulative IPEX losses to 17.66 points since the index hit a six-month high of 242.82 in November when it peaked on price pressures in the US Gulf following the devastating impact of hurricanes Katrina and Rita.

Among chemical prices dropping in January were olefins and global polymers, although benzene, toluene and methanol displayed renewed strength, driven by fresh energy complex gains.

Published at the beginning of each month, the IPEX provides an independent indicator of average change in world petrochemical prices.

 ICIS IPEX Graph Jan 2006

About the ICIS Petrochemical Index (IPEX)

The ICIS Petrochemical Index (IPEX) provides you with an authoritative, independent indicator of average change in world petrochemical prices. Dating back to January 1993, our historical prices for a basket of twelve essential petrochemical grades in the US, Western European, and the Northeast Asian markets have been weighted by regional nameplate capacity to generate a monthly index value.

The IPEX product basket is composed of the following twelve grades: ethylene, propylene, benzene, toluene, paraxylene, styrene, methanol, butadiene, PVC, polyethylene, polypropylene, and polystyrene. This index is brought to you in compliance with our continued efforts to add value to the ICIS-LOR service, and we hope you find this unique perspective on the petrochemicals market useful.

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