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December IPEX rises

December ICIS IPEX petrochemical price index up 3.0%

HOUSTON (ICIS news)--The ICIS Petrochemical Index (IPEX) rose 3.0% to 246.80 in December as stronger demand helped producers in Asia implement substantial price hikes after two months of falling global chemical values.

The index rose by 7.3, from 239.50 in November, as prices for most of chemicals in the index increased across the three main global regions. Styrene, butadiene (BD) and polyvinyl chloride (PVC) were the only chemicals for which the average global prices fell.

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