INTERACTIVE: Stronger NWE and US prices drive monthly IPEX higher
Nigel Davis
03-Oct-2018
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 |
Global | 284.16 | 0.69% |
US | 274.79 | 0.96% |
Northwest Europe | 322.66 | 2.35% |
Northeast Asia | 273.60 | -0.20% |
Major price rises in September | ||
Commodity | Region | Month on month rise |
Paraxylene | Northeast Asia | 26.4% |
Toluene | US | 7.08% |
Styrene | Northwest Europe | 6.21% |
Major price falls in September | ||
Commodity | Region | Month on month fall |
Butadiene | Northeast Asia | -14.15% |
Ethylene | Northeast Asia | -8.30% |
Benzene | Northeast Asia | -3.76% |
– 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.
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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