BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X
Skip Navigation LinksHome|News & Analysis|News Features|News Feature Detail

Print

S&P Global Platts Petrochemical Index (PGPI)



S&P Global Platts: Global Petrochemical Prices Down Slightly in November 2017

By Jim Foster, Director of Analysis, Petrochemicals


December 8, 2017 -- Prices in the $3 trillion-plus global petrochemicals market fell less than 1% in November to $1,013.08/mt, according to the just-released monthly average of the S&P Global Platts Petrochemical Index (PGPI), a benchmark of seven widely used petrochemicals.


Petrochemical prices fell despite a 6.4% increase in global naphtha prices. That increase in naphtha, though, was reflected in the global aromatics prices, which were higher in November.


On a year-over-year basis, petrochemical prices were up 22% from the November 2016 average price of $830.71/mt, the data showed.


Four of the seven PGPI components traded lower on average in November, in the olefin and polymer markets. Aromatics, which are produced primarily from heavier feedstocks such as naphtha, were higher across the board.


Platts Global Benzene Price Index


S&P GLOBAL PLATTS PETROCHEMICAL INDEX ($/mt)


The daily price reflected as a monthly average
Nov -17 Monthly % Change Annual % Change Nov-16 Oct -17 Sep -17 Aug -17 Jul -17
$1,013.08 -0.2% 22.0% $830.71 $1,014.64 $1,025.08 $948.88 $868.43



AROMATICS

Benzene prices were up 11.1% month-on-month to $872.65/mt, up $87 from October. Year-on-year, benzene is up 29.4%, compared to $600.33/mt in November 2016. Toluene prices were up 3.9% to $698.42/mt. Paraxylene prices settled 5.5% higher at $870.49/mt.



OLEFINS

Propylene prices fell 3.6% in November to $890.41/mt. Year-on-year, propylene prices were 28.8% higher than November 2016, when prices averaged $697.18/mt. While ethylene prices were nearly 2% lower in November, it remained 26.7% higher than November 2016, when prices averaged $855.68/mt.



POLYMERS

Polypropylene prices were nearly 1% lower, falling to $1,199.92/mt. Polyethylene prices were nearly 2% lower in November, a nearly identical drop to the upstream ethylene price.



PGPI

Petrochemicals are used to make plastic, rubber, nylon and other materials for consumer products, packaging, manufacturing, construction, pharmaceuticals, aviation, electronics and nearly every commercial industry.


Platts is a leading global energy, petrochemicals and metals information provider and a top source of benchmark price references.


The PGPI reflects a compilation of the daily price assessments of physical spot market ethylene, propylene, benzene, toluene, paraxylene, low-density polyethylene (LDPE) and polypropylene as published by Platts and is weighted by the three regions of Asia, Europe and the United States.


Used as a price reference, a gauge of sector activity, and a measure of comparison for determining the profitability of selling a barrel of crude oil intact or refining it into products, the PGPI was first published by Platts in August 2007.


Published daily in a real-time news service Platts Petrochemical Alert and other Platts publications, the PGPI is anchored by Platts’ robust and long-established price assessment methodology and the firm’s 100-year history of energy price reporting.


Platts petrochemicals experts are available for media interviews. A sample list of experts may be found at the Platts Media Center. For more information on petrochemicals, click here.


A summary for each of the seven key petrochemicals:
Benzene | Ethylene | LDPE | Toluene | Paraxylene | Propylene | Polypropylene







Copyright © 2018 S&P Global Platts, a division of S&P Global. All rights reserved.