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 2.1 points, to reach at 241.3 points compared with the previous week level of 243.4 points.
Limited rotations during this week with the price to drop, especially for basic products (except propylene), as well as (polymers).
Observers attributed the calm of market due to approaching of Lunar new year in China, which all type of business stops throughout the entire week (14-20 February), the Chinese holidays and the week preceding and the week that followed by considered one of the most tranquil periods, and is not expected that significant changes during this period pending the return of Chinese importers to fully operate with the end of this month.
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