INTERACTIVE: August Global IPEX rises on NE Asia PX, benzene and propylene
Nigel Davis
06-Sep-2018
LONDON (ICIS)–Here are the August IPEX values and details of the major commodity petrochemical and polymer contract and average spot price movements for the month.
IPEX | IPEX Value | July to August change |
Global | 281.83 | 1.22% |
US | 270.82 | 0.63% |
Northwest Europe | 315.24 | -1.63% |
Northeast Asia | 274.15 | 2.90% |
Major price rises in August | ||
Commodity | Region | Month on month rise |
Paraxylene | Northeast Asia | 8.38% |
Benzene | Northeast Asia | 6.03% |
Propylene | Northeast Asia | 5.33% |
Major price falls in August | ||
Commodity | Region | Month on month fall |
Benzene | Northwest Europe | -8.02% |
Polyethylene | US | -4.23% |
Methanol | US | -2.68% |
– Global IPEX driven by strong price gains in northeast Asia
– Northeast Asia C3 supply remained tight; strong paraxylene demand helped push prices higher
– The benzene contract price in northwest Europe fell €52/tonne or $53/tonne in US dollar terms
The index values are subject to change as contract prices settle. The following monthly contract prices for August are yet to settle – US paraxylene and styrene.
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.
Picture source: Design Pics Inc/REX/Shutterstock
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