Corrected: IPEX up 6% in September as key petrochemical prices rise

Author: Nigel Davis

2020/10/09

Clarification: The table and charts associated with this article update on a regular basis. September 2020 IPEX values can be read from the global and regional IPEX charts. Price changes for the commodities used to create the IPEX can be captured by users on the price table allowing comparisons to be made on a flexible monthly basis.

LONDON (ICIS)--ICIS petrochemical indexes rose again in September as prices captured in the indexes generally improved. The global index was up 5.7% from August.

Markets are stronger with supply tightness supporting some prices. The strength of recovery is uncertain, however, and tied to the ongoing impact of coronavirus lockdowns on important end-use markets.

The regional and global IPEXs are shown here alongside the latest relative price movements of the 12 commodities on which the IPEXs are based.

The ICIS petrochemical index tracks the movement of prices for the 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. The IPEX values are related to a January 2000 base of 100. IPEX values are subject to change retrospectively as monthly contract prices are settled.

Thumbnail picture: BASF's steam cracker at Ludwigshafen, Germany. Source: BASF