Global IPEX firms despite sharp Europe contraction

Author: Tom Brown

2019/08/05

LONDON (ICIS)--The Global ICIS Petrochemical Index (IPEX) firmed slightly in July as stronger pricing in the US and Asia offset another month of declines in Europe, despite the ongoing trade war.

- European contraction accelerated in July

- US and NE Asia benzene prices showed the most substantial rises

- Sharpest declines were all for European commodity chemicals

IPEX IPEX Value June to July change
Global 228.74 0.14%
US 233.71 1.94%
Northwest Europe  267.52 -5.42%
Northeast Asia 210.66 2.16%
 

Major price rises in July

 
Commodity Region Month on month rise
Benzene US 12.36%
Benzene Asia 8.83%
Toluene US 8.00%
 

Major price falls in October

 
Commodity Region Month on month fall
Methanol Europe -15.84%
Propylene Europe -9.82%
Ethylene Europe -8.51%

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 June: US styrene and polyvinyl chloride, northeast Asia paraxylene.

Additional reporting by Susan Mair. Interactive content by Tom Brown