IPEX up 8% in September as key petrochemical prices rise

Author: Nigel Davis

2020/10/09

LONDON (ICIS)--ICIS petrochemical indexes rose again in September as prices captured in the indexes generally improved. The global index was up 8% 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.

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