Petrochemical Prices Report

7. February. 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 decreasing during this week in 0.3 points, to reach at 243.4 points compared with the previous week level of 243.7 points.

For the second consecutive week Argaam index record slightly declined  less than one point, and the products price performance varying, where the prices of styrene compensate all the declined last week, and the price returned back to level of 1,300$ per tonne, while ethylene prices stabilized and benzene, and propylene prices declined in 20$ per tonne.

For polymerse, high density polyethylene prices recorded retreat in 30$ per tonne to be at 1,290$ level, while other products prices (polypropylene, polystyrene and PVC) risen 10$ for each of theme.