LONDON (ICIS)--Here are the September IPEX values and details of the major commodity petrochemical and polymer contract and average spot price movements for the month.
|IPEX||IPEX Value||August to September change|
Major price rises in September
|Commodity||Region||Month on month rise|
Major price falls in September
|Commodity||Region||Month on month fall|
- Northeast Asia paraxylene prices continued to rise strongly on demand for purified terephthalic acid (PTA) production and regional supply constraints.
- Butadiene prices in the region were under pressure on more available capacity and weaker synthetic rubber and ABS (acrylonitrile butadiene styrene) markets.
- Northeast Asia ethylene was longer, particularly in the run up to China’s week-long holiday at the start of October.
The index values are subject to change as contract prices settle.
The following monthly contract prices for August are yet to settle - US ethylene, paraxylene and styrene.
Northwest Europe paraxylene had not settled when the IPEX figures were calculated.
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.