LONDON (ICIS)--The regional and global ICIS Petrochemical Indexes (IPEXs) were sharply lower in June as markets struggled with weaker end use demand, inventory building in China, and the broader impact of the US-China trade war.
- Prices for most commodities under pressure in June
- Steep fall for NE Asia ethylene
- Index values down in all regions
|IPEX||IPEX Value||May to June change|
Major price rises in June
|Commodity||Region||Month on month rise|
Major price falls in June
|Commodity||Region||Month on month fall|
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.
IPEX values may change as monthly contract prices are settled.
At the time of publication the following contracts were unsettled or rolled over from May: US ethylene, styrene and polystyrene; northeast Asia paraxylene.