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Argaam petrochemical index unchanged on mixed prices
AI Summary
Content Summary: 
|
Argaam Petrochemical Index |
|
|
283.8 |
Argaam Index ( July 13, 2014) |
|
-- |
Weekly change |
|
(0.6%) |
6 months change |
|
+4.4% |
1 year change |
Naftha declined $10 to $965 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.
|
Prices of Naphtha including shipping cost to Japan ( July 13, 2014) |
||||
|
1 year change |
6 months change |
Weekly change |
Price |
product |
|
+7% |
+1% |
(1%) |
965 |
NAFTHA * |
|
+7% |
+1% |
(1%) |
695 |
Propane ** |
* CFR Japan.
** Approximate price in Saudi Arabia (28% discount for NAFTHA).
Polyethylene and polypropylene were unchanged last week, while ethylene and propylene gained. MTBE declined.
MEG dropped to below $1000 ending weeks of being above $1000 because of higher stockpiles in China.
|
basic petrochemicals ( July 13, 2014 ) - Asian markets |
||||
|
1 year change |
6 months change |
Weekly change |
Price |
product |
|
+19% |
+2% |
+2% |
1465 |
Ethylene* |
|
+6% |
(2%) |
+1% |
1415 |
Propylene* |
|
+11% |
+3% |
-- |
1375 |
Benzene* |
|
(9%) |
(3%) |
-- |
1605 |
Styrene* |
|
(9%) |
(31%) |
-- |
410 |
Methanol (Methanex)** |
|
(6%) |
(32%) |
+1% |
340 |
Methanol (China)*** |
|
(8%) |
+2% |
(2%) |
1100 |
MTBE**** |
** ACP "Methanex"
*** Methanol prices in China.
**** Spot – Singapore.
|
Polymers prices ( July 13, 2014 ) - Asian markets |
||||
|
1 year change |
6 months change |
Weekly change |
Price |
product |
|
+11% |
+4% |
-- |
1600 |
Polyethylene* |
|
+6% |
-- |
-- |
1545 |
Polypropylene |
|
(7%) |
(5%) |
(1%) |
1720 |
Poly Styrene |
|
+5% |
-- |
-- |
1045 |
PVC |
|
(1%) |
-- |
-- |
2490 |
PCB |
* High density polyethylene.
|
Intermediates ( July 13, 2014 ) - Asian markets |
|||||||
|
1 year change |
6 months change |
Weekly change |
Price |
product |
|||
|
(2%) |
(1%) |
(2%) |
985 |
Spot MEG - china |
|||
|
+3% |
(3%) |
-- |
1130 |
MEG (SABIC) |
|||
|
(8%) |
+1% |
(2%) |
980 |
PTA |
|||
|
Fertilizers ( July 13, 2014 ) - Gulf Arab |
||||
|
1 year change |
6 months change |
Weekly change |
Price |
product |
|
(3%) |
(15%) |
-- |
310 |
Urea |
|
(2%) |
-- |
(2%) |
450 |
Ammonia |
|
(7%) |
+11% |
-- |
455 |
DAP* |
* Export price from Saudi Arabia.
|
Titanium Dioxide ( July 13, 2014) |
||||
|
1 year change |
6 months change |
Weekly change |
Price |
product |
|
+2% |
(2%) |
-- |
2800 |
Tio2 (Asia) |
|
+1% |
(1%) |
-- |
3185 |
Tio2 (Europe) |
|
(3%) |
-- |
-- |
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 |
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