11 January 2011 14:51 [Source: ICIS news]
By Alexandra Sukanegara
LONDON (ICIS)--The ICIS Petrochemical Index (IPEX) for January has climbed by 2.2% from last month to 300.30, the sixth consecutive monthly increase and the index’s highest level since October 2008.
The January IPEX improved from the revised* December 2010 figure of 293.83.
The higher January IPEX primarily resulted from a 3.2% improvement in the ?xml:namespace>
Firmer polymer prices in the
The majority of prices in
Published at the beginning of each month, the IPEX provides an independent indicator of average change in world petrochemical prices.
Dating back to January 1993, historical
The December IPEX was revised from 292.53 to 293.83 following the incorporation of the
*As of July 2010, the index has been revised retrospectively to replace the latest available contract prices at the time of publication that had previously been used in the data series with actual settled contract prices. This has had the effect of moving the derived IPEX index from an estimated status to an actual status. The revised historical IPEX data is available from ICIS on request.
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