 |
|
| |
| Welcome to the ICIS Reporter weekly newsletter |
 |
This week we bring you our special issue on Latin America. Our cover story looks at Brazil. Major sporting events, political change, the renewables and recovery are all challenging the country’s petrochemical players. Separately, we look at Brazil’s booming ethanol industry. Sugar dynamics, weather and steady demand are delivering a solid 2010. In other features, we go to Mexico, where the $2.5bn Ethylene XXI project is moving forward, and to Argentina, where decisions about natural gas threaten to cripple the local chemical industry. Of course, our weekly market columns will bring you up to date on key developments in petrochemicals, polymers, intermediates, energy and feedstocks, biofuels and other sectors.
|
| Stories from ICIS Chemical Business |
|
|
| Advertisement |
 |
Make sense of fertilizer prices
ICIS publishes reports on all key fertilizer commodities, keeping you updated with the latest price assessments, news and market analysis. If you need prices and intelligence for nitrogen, ammonia, phosphates, sulphur or sulphuric acid, the comprehensive coverage in ICIS’ reports enables you to track the market with confidence.
|
Request a free sample report here. |
|
 |
| ICIS news: Editors' Top Picks |
|
|
| ICIS news: Most Popular Picks |
|
| IPEX |
 |
November IPEX climbs to its highest since June
LONDON (ICIS) – The ICIS Petrochemical Index (IPEX) for November rose for the third consecutive month to its highest since June.
The November index strengthened by almost 5% to 279.75 from a revised* October figure of 267.46.
The Asian component of the index hiked by 6.4% on increases in all product prices. Butadiene (BD) rose by 10% as a result of stronger Chinese demand and higher naphtha and crude prices.
The European component rose by 4.4%, aided by the dollar’s further weakening against the euro. Most product prices were down in euro terms, but all increased in dollar terms, except butadiene, which plummeted drastically on ample supply and softening demand.
The US component edged up by just 1.3%, with rises primarily in polyethylene (PE) and paraxylene (PX) being limited by declines in BD and propylene.
Published at the beginning of each month, the IPEX provides an independent indicator of average change in world petrochemical prices.
Dating back to January 1993, historical ICIS prices for a basket of 12 essential petrochemical products in the US, western Europe and northeast Asian markets have been weighted by regional nameplate capacity to generate a monthly index value.
The IPEX product basket comprises ethylene, propylene, benzene, toluene, PX, styrene, methanol, BD, polyvinyl chloride (PVC), PE, polypropylene (PP) and polystyrene (PS).
The October IPEX has been revised upwards from 267.26 to 267.46, following incorporation of the US September styrene contract settlement. This month’s index is also subject to revision once the US October styrene and ethylene and Asian October styrene contracts settle.
*As of July 2010, the index has been revised retrospectively to replace latest available contract prices at the time of publication that had previously been used in the data series with actual settled contract prices. This has had the effect of moving the derived IPEX index from an estimated status to an actual status.
The revised historical IPEX data is available from ICIS on request.
For a full methodology of the revised IPEX, visit www.icis.com/StaticPages/ICIS_Indices_IPEX.htm |
|
 |
|
|
ICIS offers
Take out a trial or save on a subscription
Click on the product or service you are interested in for more information |
|
|
|
|
Share this email
 |
|
 |
|
|
|
Manage Your Account:
This email has been sent to #emailaddr#
To advertise in this email please call 020 8652 4202 or email here
Add us to your safe senders list
Receive your own copy of this email.
Do not reply to this email as it is unmonitored. To send us your feedback, email us
Unsubscribe from future ICIS Reporter email newsletter.
Disclaimer:
This message is intended only for the use of the person(s) ("Intended Recipient") to whom it is addressed. It may contain information, which is privileged and confidential. Accordingly any dissemination, distribution, copying or other use of this message or any of its content by any person other than the Intended Recipient may constitute a breach of civil or criminal law and is strictly prohibited. If you are not the Intended Recipient, please contact the sender as soon as possible.
Reed Business Information Limited.
Registered Office: Quadrant House, The Quadrant, Sutton, Surrey, SM2 5AS.
Registered in England under Company No. 0151537 |
|
 |
|
|
