INTERACTIVE: June IPEX down sharply as markets struggle with weakened demand

Author: Nigel Davis

2019/07/03

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
Global 231.33 -2.41%
US 230.16 -2.86%
Northwest Europe  282.85 -2.35%
Northeast Asia 211.33 -2.18%
 

Major price rises in June

 
Commodity Region Month on month rise
Butadiene Northeast Asia 7.35%
PVC Northeast Asia 4.79%
Propylene Northeast Asia 2.04%
 

Major price falls in June

 
Commodity Region Month on month fall
Ethylene Northeast Asia -17.40%
Styrene Northwest Europe -11.24%
Benzene Northwest Europe -10.64%

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.

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.