|
Argaam Petrochemical Index |
|
|
210.2 |
Argaam Index (Dec. 28) |
|
(1.4%) |
Weekly change |
|
(25.8%) |
Six-months change |
|
(26.5%) |
One-year change |
Argaam’s Petrochemical Index, which measures the average change in prices for a basket of petrochemicals produced in the Gulf, declined 2.9 points to 210.2 points by the end of last week compared to the previous week amid low trading volume during the holiday season.
Naphtha feedstock gained $20 to reach $500 a ton last week.
The prices of Saudi natural gas liquids (NGL) such as propane and butane are set at 28 percent below the Japanese Naphtha benchmark, excluding freight costs.
|
Prices of Naphtha Including Shipping Costs to Japan (Dec. 28) |
||||
|
One-year change |
Six-months change |
Weekly change |
Price |
Product |
|
(49%) |
(49%) |
+4% |
500 |
Naphtha * |
|
(49%) |
(49%) |
+4% |
360 |
Propane ** |
** Approximate price in Saudi Arabia (28% discount for Naphtha)
Trading volume is expected to remain low this week, but will rebound the following week after the end of the holidays.
|
Basic Petrochemicals (Dec. 28) - Asian Markets |
||||
|
One-year change |
Six-months change |
Weekly change |
Price |
Product |
|
(36%) |
(37%) |
-- |
890 |
Ethylene* |
|
(56%) |
(54%) |
+7% |
630 |
Propylene* |
|
(51%) |
(54%) |
+2% |
660 |
Benzene* |
|
(45%) |
(43%) |
+6% |
920 |
Styrene* |
|
(30%) |
(3%) |
-- |
415 |
Methanol (Methanex)** |
|
(52%) |
(24%) |
(6%) |
255 |
Methanol (China)*** |
|
(44%) |
(43%) |
(3%) |
630 |
MTBE**** |
** ACP "Methanex"
*** Methanol prices in China.
**** Spot – Singapore.
|
Polymers Prices (Dec. 28) - Asian Markets |
||||
|
One-year change |
Six-months change |
Weekly change |
Price |
Product |
|
(22%) |
(25%) |
(2%) |
1200 |
Polyethylene* |
|
(29%) |
(28%) |
(3%) |
1100 |
Polypropylene |
|
(39%) |
(36%) |
-- |
1100 |
Poly Styrene |
|
(22%) |
(24%) |
-- |
765 |
PVC |
|
+3% |
+4% |
-- |
2575 |
PCB |
|
Intermediates (Dec. 28) - Asian Markets |
|||||||
|
One-year change |
Six-months change |
Weekly change |
Price |
Product |
|||
|
(26%) |
(25%) |
(1%) |
760 |
Spot MEG - china |
|||
|
(21%) |
(16%) |
-- |
950 |
MEG (SABIC) |
|||
|
(38%) |
(3%) |
-- |
625 |
PTA |
|||
|
Fertilizers (Dec. 28) - Gulf Arab |
||||
|
One-year change |
Six-months change |
Weekly change |
Price |
Product |
|
(7%) |
+5% |
+2% |
325 |
Urea |
|
+20% |
+16% |
(4%) |
535 |
Ammonia |
|
+20% |
+5% |
-- |
480 |
DAP* |
|
Titanium Dioxide (Dec. 28) |
||||
|
One-year change |
Six-months change |
Weekly change |
Price |
Product |
|
(4%) |
(2%) |
-- |
2750 |
Tio2 (Asia) |
|
(12%) |
(10%) |
-- |
2860 |
Tio2 (Europe) |
|
-- |
-- |
-- |
3465 |
Tio2 (America) |
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.
|
End Products for 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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