|
Argaam Petrochemical Index |
|
|
266.9 |
Argaam Index ( October, 26, 2014) |
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(1.1%) |
Weekly change |
|
(4.7%) |
6 months change |
|
(3.4%) |
1 year change |
.Naftha was unchanged, remaining at $710 a ton last week
The prices of Saudi natural gas liquids (NGL) such as propane and butane are set at 28% below the Japanese Naphtha benchmark, excluding freight costs.
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Prices of Naphtha including shipping cost to Japan ( October 26, 2014) |
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|
1-year change |
6 months change |
Weekly change |
Price |
Product |
|
(22%) |
(26%) |
-- |
710 |
Naphtha * |
|
(22%) |
(26%) |
-- |
511 |
Propane ** |
** Approximate price in Saudi Arabia (28% discount for NAFTHA).
The prices of most petrochemicals declined last week. Ethylene decreased $100 to $1,295 a ton. Propylene lost $30 to $1,170 a ton. Polyethylene dropped $30 to $1,510 a ton, while polypropylene declined $15 to $1,470 a ton.
Aromatics bucked the trend on lower stockpiles. Benzene gained $20 and styrene added $20.
MEG rose $45 to $855 a ton for the first time in 8 weeks during which prices tumbled to below $1,000 a ton. Saudi Arabian Basic Industries Corp (SABIC), the biggest producer of MEG, lowered November contract by $120 to $1,000 a ton.
Ammonia climbed $35 to $615 a ton because of production interruption in one of Sabic’s plants.
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basic petrochemicals (October 26, 2014 ) - Asian markets |
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1-year change |
6 months change |
Weekly change |
Price |
Product |
|
(3%) |
(6%) |
(7%) |
1295 |
Ethylene* |
|
(16%) |
(15%) |
(3%) |
1170 |
Propylene* |
|
(10%) |
(10%) |
+2% |
1130 |
Benzene* |
|
(12%) |
(8%) |
+2% |
1445 |
Styrene* |
|
(11%) |
(9%) |
-- |
435 |
Methanol (Methanex)** |
|
(23%) |
+3% |
(1%) |
350 |
Methanol (China)*** |
|
(13%) |
(20%) |
(2%) |
900 |
MTBE**** |
** ACP "Methanex"
*** Methanol prices in China.
**** Spot – Singapore.
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Polymers prices ( October 26, 2014 ) - Asian markets |
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|
1-year change |
6 months change |
Weekly change |
Price |
Product |
|
(1%) |
(4%) |
(2%) |
1510 |
Polyethylene* |
|
(4%) |
(4%) |
(1%) |
1470 |
Polypropylene |
|
(15%) |
(9%) |
(1%) |
1580 |
Poly Styrene |
|
-- |
(2%) |
-- |
1000 |
PVC |
|
+5% |
+6% |
-- |
2650 |
PCB |
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Intermediates ( October 26, 2014 ) - Asian markets |
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|
1-year change |
6 months change |
Weekly change |
Price |
Product |
|
(15%) |
(7%) |
+6% |
855 |
Spot MEG - china |
|
(17%) |
(11%) |
-- |
1000 |
MEG (SABIC) |
|
(18%) |
(7%) |
+5% |
820 |
PTA |
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Fertilizers (October 26, 2014 ) - Gulf Arab |
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1-year change |
6 months change |
Weekly change |
Price |
Product |
|
+7% |
+3% |
(2%) |
315 |
Urea |
|
+40% |
+23% |
+6% |
615 |
Ammonia |
|
+27% |
+8% |
-- |
490 |
DAP* |
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Titanium Dioxide ( October 26, 2014) |
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|
1-year change |
6 months change |
Weekly change |
Price |
Product |
|
(4%) |
(2%) |
-- |
2750 |
Tio2 (Asia) |
|
(9%) |
(8%) |
-- |
2990 |
Tio2 (Europe) |
|
(3%) |
-- |
-- |
3465 |
Tio2 (America) |
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End products for the Saudi petrochemical companies |
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|
Finished Products |
Company |
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Polyethylene , polypropylene , poly styrene , ethylene glycol (MEG), methyl tert- butyl ether (MTBE), benzene , urea , ammonia , PVC, and PTA |
SABIC |
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Urea, ammonia. |
SAFCO |
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Polyethylene, polypropylene, ethylene glycol (MEG), methyl tert- butyl ether (MTBE), benzene. |
YANSAB |
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Polyethylene, polypropylene, propylene. (TiO2) |
Tasnee |
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Polyethylene, polypropylene, ethylene glycol (MEG), polycarbonate, and bisphenol A. |
Saudi Kayan |
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Polyethylene, polypropylene, propylene oxide, and refined petroleum products. |
Petro Rabigh |
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Polyethylene, polypropylene, poly styrene. |
Petrochem |
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Polyethylene, polypropylene. |
Sahara Petrochemicals |
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Styrene, benzene, Cyclohexene, propylene. |
Saudi Group |
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Methanol, Butanol, acetic acid, vinyl acetate monomer. |
Sipchem |
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PP. |
Advanced |
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Polypropylene. |
Alujain |
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Formaldehyde - improvers concrete |
CHEMANOL |
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Epoxy resin, hydrochloric acid, liquid caustic soda, soda granules. |
NAMA |
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Ammonia and DAP |
MAADEN |
About Argaam Petrochemical Index:
It is the only index that provides a weekly capacity-weighted measure of the average change in international prices of a basket of petrochemicals produced in the Gulf region.
Internally -consumed products which are used as a feedstock for producing other petrochemicals and are not sold regularly in the international market like ethylene, propylene and ammonia represent smaller weight in the index.
Final products sold in international markets such as Polyethylene, polypropylene, MTBE, MEG and urea represent the biggest index weights.
Naphtha prices, the main feedstock benchmark, correlate negatively with the index. The index products’ weights are reviewed periodically.
As of Jan 1, 2002 the index started at 100 points.
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