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|
|Major price rises in July|
|Commodity||Region||Month on month rise|
|Major price falls in July|
|Commodity||Region||Month on month fall|
- 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
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.