INTERACTIVE: Global IPEX up marginally in April as aromatics soar, olefins fall

Author: Nigel Davis

2019/05/08

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
Global 237.56 0.63%
US 236.12 2.13%
Northwest Europe  285.16 3.57%
Northeast Asia 219.27 -1.63%
 

Major price rises in April

 
Commodity Region Month on month rise
Benzene Northwest Europe 14.09%
Toluene US Gulf Coast 12.24%
Benzene US Gulf Coast 11.39%
 

Major price falls in October

 
Commodity Region Month on month fall
BD Northeast Asia 11.93%
Ethylene Northeast Asia 7.39%
Ethylene US Gulf Coast 6.54%

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, BD, benzene, toluene, paraxylene (PX), PE, polypropylene (PP), styrene, polystyrene (PS), methanol and polyvinyl chloride (PVC) with the regional indexes weighted by capacity.