Petrochemical Prices Repor t(weekly)

28. Feb. 2010

Indicator of petrochemicals prices:
The indicator of (Argaam), "which measure the prices of basket of petrochemicals products which produced in the gulf region in meddile east", reveal slightly increasing during this week in 2 points, to reach at 243.9 points compared with the previous week level of 241.9 points.

This is the fifth week in which the indicator move in a tight range, where was record slightly decreasing during the four previus week.

Clear products prices vary during this week, where ethylene, benzene & styrene prices retreated, with increase prices of propylene & polymers (polyethylene and polypropylene).

Observers attributed the decline of ethylene for the third respectively week to increase the supply in instant market, especially by Petro rabigh. While maintenance in many production units of polymers in East and South Asia to coherence and high polymers rates in General.

During the week  the METHANEX, the world's biggest methanol producer, increase methanol price for March in Asian markets to 365$ per tonne, up 15$ compare with Fenruary levels.