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|
Major price rises in July
|Commodity||Region||Month on month rise|
Major price falls in October
|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 June: US styrene and polyvinyl chloride, northeast Asia paraxylene.
Additional reporting by Susan Mair. Interactive content by Tom Brown