LONDON (ICIS)--The Global ICIS Petrochemical Index (IPEX) rose marginally in April as underlying product price increases and falls were balanced out in a rising crude oil price environment.
- Aromatics prices higher in April on the back of crude oil
- Butadiene (BD) sharply lower in Asia, driving regional IPEX down
- China BD demand weak in April, inventories high
- Steep falls for US and northeast (NE) Asia ethylene
- Polyethylene (PE) gains globally
|IPEX||IPEX Value||March to April change|
Major price rises in April
|Commodity||Region||Month on month rise|
|Toluene||US Gulf Coast||12.24%|
|Benzene||US Gulf Coast||11.39%|
Major price falls in October
|Commodity||Region||Month on month fall|
|Ethylene||US Gulf Coast||6.54%|
The ICIS petrochemical index tracks the movement of 12 major petrochemicals and polymers: ethylene, propylene, BD, benzene, toluene, paraxylene (PX), PE, polypropylene (PP), styrene, polystyrene (PS), methanol and polyvinyl chloride (PVC) with the regional indexes weighted by capacity.