Platts Global Petrochemicals Index plunges to 2010 low on bearish demand and falling crude prices

摘要

Prices in the $3 trillion global petrochemicals business plunged to the lowest level this year, closing Friday, May 21, at $1,108 per metric ton (/mt) compared with the January 4 price of $1,113/mt and hovering just above the December 31 value of $1,107/mt, according to the Platts Global Petrochemical Index (PGPI). The index, a basket of the most widely-used petrochemicals prices, specifically for ethylene, propylene, benzene, toluene, paraxylene, polyethylene and polypropylene.