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 decrease during this week in 4.2 points, to reach at 239.7 points compared with the previous week level of 243.9 points.
Worth mentioning that the indicator since six weeks move in the rang of 238 & 244 point.
Ethylene prices continued to decline for fourth constantly week to stable at 1.100$ per tonne (-70), becoming lost about 200$ compared to higher level recorded in late January and early February, with instant market supplies increased, especially from the Arabian Gulf.
Conversely, propylene prices rose to its highest level since 18 months at 1.250$ per tonne (+ 20), which observers attributed it to the maintenance of many factories and abrupt stop of three factories in Japan over the past two weeks.
Benzene & styrene prices continued to decline for the second week in a row, as MEG prices decline also because of stocks increased.
+of+Copy+of+Scan+Head+Letter3.JPG)
No comments:
Post a Comment