Petrochemical Prices Report

Weekly Update

10. January. 2010

Indicator of petrochemicals:

The indicator, "which measure the prices of basket of petrochemicals products such as: Ethylene, Methanol, & Gasoline which produced in the gulf region in meddile east", record during this week more than 8 points to reach at 236.7 points from previous week level of 228.7 points.

Petrochemical Index Value

Petrochemical Graph

Prices of most of the petrochemicals clearlt rises during the week, observers attributed to alleged during the week between dealers that SABIC contract clients in Asia reported that it would cut their nearly 50% in January and February of products polyethylene and polypropylene due to technical problems for some plants, a news cannot be confirmed, since SABIC usually does not disclose on forfeit productivity, this news lead to the dealers to buy from precautionary instant market in precautionary reaction until clear image.

NAFTA prices rising contributed to and many of oil derivatives during the week in enable sellers to higher prices under the pretext of rising production costs, NAFTA prices level recorded  $ 760 per tonne (+ 30) which is the highest level is registered within 15 months.