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Welcome to the ICIS Chemical Business weekly newsletter, bringing you all the analysis and insight you need to keep you ahead of the game in the competitive and dynamic chemical industry! This week we bring you our special issue on Nutrition & Health. What are the hottest nutraceuticals and what are they doing in your drinks? Plus, the omega-3 fatty acid craze continues in full force. And we bring you a special on the 20-year anniversary of the falloff the Berlin Wall and the beginning of chemical integration in Germany. |
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| IPEX |
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November ICIS IPEX petrochemical price index down 2.1%
HOUSTON (ICIS news)--The ICIS Petrochemical Index (IPEX) fell to 239.50 in November, down 5.15 points from the month before, as dramatic price drops in the US led to the index's second consecutive decrease in 2009.
The index fell by 2.1% from 244.65 in October, spurred mainly by large declines in US propylene and polypropylene and a slashing of paraxylene (PX) values in all regions.
The only chemical to see significant gains in all regions was benzene, which rose by 9.6% in the US and had similar gains in Europe and Asia.
Prices have now fallen two consecutive months. That was the first time since chemical prices started a steady rise in March 2009.
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