22. 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 0.6 points, to reach at 241.9 points compared with the previous week level of 241.3 points.
This is the fourth week in which the indicator move in a tight range, where was record slightly decreasing during the previus three week.
It was tranquil week with entering the Chinese market in long holiday because of the lunar new year, which celebrated in several Asian countries in addetion to China such as Korea, Singapore, Indonesia and other countries.
Major changes is decreasing of ethylene & propylene prices, and Benzene prices offset part of the retrogressions the record past weeks.
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