Corrected: INTERACTIVE: Global IPEX down 0.64% month on month in April

08 May 2018 16:24 Source:ICIS News

Correction: In the ICIS news story headlined "INTERACTIVE: Global IPEX down 0.64% month on month in April", dated 8 May 2018, please read in the table that styrene and polyethylene increased in price, rather than decreased as originally stated. A corrected story follows.

-Global IPEX for April 2018 down 0.64% month on month at 272.05
-US IPEX down 0.25% at 263.31
-Northwest Europe IPEX down 1.66% at 319.46
-Northeast Asia IPEX down 0.34% at 257.59

Major price increases this month    
Commodity Region Month on month change
Butadiene US +7.7%
Butadiene Northwest Europe +8.0%
Styrene Northeast Asia +1.6%
Polyethylene Northeast Asia +0.4%
Major price decreases this month    
Commodity Region Month on month change
Propylene US -2.1%
Benzene Northeast Asia -1.7%

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.

The index values are subject to change as contract prices settle. Asia PX, US LDPE and US ethylene have not yet settled.

Global and regional IPEX data are available here
The ICIS Petrochemical Index methodology is available here

By Graeme Paterson