Argaam Petrochemical Index slides to 244.1 pts as basic materials, polymers decline

30/11/2014 Argaam- Exclusive

Argaam Petrochemical Index

244.1

Argaam Index ( November 30, 2014)

(3.6%)

Weekly change

(12.0%)

6 months change

(13.3%)

1 year change
 

Argaam Petrochemical Index, which measures the average change in prices for a basket of petrochemicals produced in the Gulf, declined 9.1 points to 244.1 by the end of last week compared to the week before.

 

 

Naftha prices dropped $55 to $620 a ton this week compared to 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.

 

Prices of Naphtha ​​including shipping cost to Japan ( November 30, 2014)

1 year change

6 months change

Weekly change

Price

product

(36%)

 (35%)

(8%)

620

NAFTHA *

(36%)

(35%)

(8%)

446

Propane **

* CFR  Japan.
** Approximate price in Saudi Arabia (28% discount for NAFTHA).

 

Most petrochemical prices specially basic petrochemical products declined last week on the decline of naphtha prices and as buyers shunned purchases, waiting for better deals expecting more declines.

 

Propylene and Styrene prices sharply declined $75 and $125 a ton respectively, their lowest level in 5 years.

 

During last week; Methanex, the world’s largest producer of Methanol, has reduced its nomination for December Methanol Asian Contract Price to $ 415/tonne, $20/tonne less than November’s level.

 

North American December contract price nomination was reduced $24 to $ 475/tonne.

 

Basic petrochemicals (November 30, 2014 ) - Asian markets

1 year change

 6 months change

Weekly change

Price

product

(18%)

(22%)

(5%)

1075

Ethylene*

(31%)

(29%)

(7%)

970

Propylene*

(31%)

(28%)

(8%)

915

Benzene*

(30%)

(27%)

(10%)

1135

Styrene*

(25%)

(3%)

(5%)

415

Methanol  (Methanex)**

(36%)

(3%)

+2%

330

Methanol (China)***

(24%)

(25%)

(9%)

830

MTBE****

* FOB-East Asia (Japan, Taiwan and Korea).

** ACP "Methanex"

*** Methanol prices in China.

**** Spot – Singapore.

 

Polymers prices ( November 30, 2014 ) - Asian markets

1 year change

 6 months change

Weekly change

Price

product

(11%)

(12%)

(1%)

1375

Polyethylene*

(12%)

(11%)

(3%)

1355

Polypropylene

(21%)

(18%)

(2%)

1390

Poly Styrene

(11%)

(14%)

(3%)

900

PVC

+6%

+6%

--

2650

PCB
* High density polyethylene.

 

Intermediates ( November 30, 2014 ) - Asian markets

1 year change

 6 months change

Weekly change

Price

product

(19%)

(13%)

(8%)

830

Spot MEG - china

(17%)

(8%)

--

1000

MEG (SABIC)

(24%)

(16%)

(6%)

755

PTA
               

Fertilizers (November 30, 2014 ) - Gulf Arab

1 year change

 6 months change

Weekly change

Price

product

(6%)

+11%

(2%)

315

Urea

+39%

+31%

--

620

Ammonia

+23%

+7%

(2%)

480

DAP*
* Export price from Saudi Arabia

 

Titanium Dioxide ( November 30, 2014)

1 year change

 6 months change

Weekly change

Price

product

(4%)

(2%)

--

2750

Tio2 (Asia)

(12%)

(11%)

--

2885

Tio2 (Europe)

--

--

--

3465

Tio2 (America)
 

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 represents 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.
 

End products for the Saudi petrochemical companies

Finished products

Company

Polyethylene , polypropylene , poly styrene , ethylene glycol (MEG), methyl tert- butyl ether (MTBE), benzene , urea , ammonia , PVC, and PTA

SABIC

Urea, ammonia.

SAFCO

Polyethylene, polypropylene, ethylene glycol (MEG), methyl tert- butyl ether (MTBE), benzene.

YANSAB

Polyethylene, polypropylene, propylene. (TiO2)

Tasnee

Polyethylene, polypropylene, ethylene glycol (MEG), polycarbonate, and bisphenol A.

Saudi Kayan

Polyethylene, polypropylene, propylene oxide, and refined petroleum products.

Petro Rabigh

Polyethylene, polypropylene, poly styrene.

Petrochem

Polyethylene, polypropylene.

Sahara Petrochemicals

Styrene, benzene, Cyclohexene, propylene.

Saudi Group

Methanol, Butanol, acetic acid, vinyl acetate monomer.

Sipchem

PP.

Advanced

Polypropylene.

Alujain

Formaldehyde - improvers concrete

CHEMANOL

Epoxy resin, hydrochloric acid, liquid caustic soda, soda granules.

NAMA

Ammonia and DAP

MAADEN
 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read