INTERACTIVE: Global July IPEX down as US aromatics fall sharply
Jonathan Lopez
08-Aug-2018
LONDON (ICIS)–Here are the July IPEX values and details of the major commodity petrochemical and polymer contract and average spot price movements for the month.
IPEX | IPEX Value | June to July change |
Global | 278.59 | -0.89% |
US | 269.71 | -1.37% |
Northwest Europe | 320.46 | -0.24% |
Northeast Asia | 266.43 | -0.94% |
Major price rises in July | ||
Commodity | Region | Month on month rise |
Methanol | Northwest Europe | 10.46% |
Benzene | Northwest Europe | 5.07% |
Ethylene | US | 4.72% |
Major price falls in July | ||
Commodity | Region | Month on month fall |
Toluene | US | -6.77% |
Benzene | US | -5.02% |
Polystyrene | Northeast Asia | -4.93% |
– Sharp price rises for European methanol and benzene in July failed to offset falls in US benzene and toluene.
– US toluene fell during July as gasoline demand stabilised, refinery rates trended up and supply improved.
– Prices for NWE methanol rose the most sharply during July on the back of plant turnarounds and logistical delays.
The index values are subject to change as contract prices settle. The following monthly contract prices for July are yet to settle – US paraxylene and styrene.
Additional reporting by Tracy Dang and Niall Swan
Global and regional IPEX data are
available here
The ICIS Petrochemical Index methodology is
available here
The ICIS petrochemical index tracks the movement of 12 major petrochemicals and polymers: ethylene, propylene, butadiene, benzene, toluene, paraxylene (PX), polyethylene (PE), polypropylene (PP), styrene, polystyrene (PS), methanol and polyvinyl chloride (PVC) with the regional indexes weighted by capacity.
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