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    Home > Chemicals Industry > China Chemical > Raw materials drive petrochemical products index up 8.6% month-on-month in March

    Raw materials drive petrochemical products index up 8.6% month-on-month in March

    • Last Update: 2023-02-28
    • Source: Internet
    • Author: User
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    According to ICIS London on April 11, the ICIS Petrochemical Products Index (IPEX) in March increased significantly by 8.
    6% month-on-month, driven by the sharp rise in crude oil and energy prices to promote a sharp rebound in global petrochemicals and plastics prices
    .
    Northeast Asia saw the largest increase in IPEX, as prices of some bulk commodities rose sharply, such as butadiene and toluene, which surged 34.
    5% and 24.
    4%, respectively
    .

    IPEX in the U.
    S.
    Gulf of Mexico rose 5.
    3% month-on-month in March, mainly stimulated by sharp rises in the prices of paraxylene, propylene and toluene.
    Ethylene was the only bulk petrochemical product in the region whose prices fell month-on-month
    .
    Northwest Europe had the most moderate growth, with IPEX rising only 0.
    7% month-on-month in March, with prices for paraxylene, toluene and butadiene rising sharply, but prices for other products such as polyethylene, polypropylene and polystyrene fell
    .

    IPEX tracks price movements for 12 major petrochemicals and polymers, including ethylene, propylene, butadiene, benzene, toluene, paraxylene, polyethylene, polypropylene, styrene, polystyrene, methanol and polyvinyl chloride
    .

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