| 10/05/2026 | Weekly change | 6 months change | 1-year change |
|---|---|---|---|
| 261.20 | (3.0%) | 51.9% | 47.5% |
Naphtha feedstock prices tumbled $200 week-on-week (WoW) to $920 a ton.
The prices of Saudi liquified petroleum gases (LPGs), such as propane and butane, are set at a 20% discount compared to the prices of exports to Japan from the port of Ras Tanura.
| Product | Price | Weekly change | 6 months change | 1-year change |
|---|---|---|---|---|
| Naphtha* | 920.00 | (18%) | 60% | 61% |
| Propane**(Aramco) | 750.00 | - | 58% | 23% |
| Butane**(Aramco) | 800.00 | - | 74% | 36% |
| Ethane*** (USA) | 2.75 | 1% | (25%) | (22%) |
| Propane*** (USA) | 430.00 | (7%) | 36% | 15% |
| Methane (Saudi Arabia) | 2.15 | - | - | - |
| Ethane (Saudi Arabia) | 3.00 | - | - | - |
Prices of basic products retreated. Ethylene plummeted $100 to $1,200 a ton. Propylene eased $10 to $1,245 a ton. Styrene ended at $1,270 a ton, losing $75. MTBE also plunged $180 to $920 a ton. Benzene dropped $85 to $1,055 a ton, while methanol in China’s spot market closed flat at $400 a ton, falling $20.
High-density polyethylene (HDPE) kept flat at $1,235 a ton. Polystyrene was also unchanged at $1,570 a ton, while polypropylene closed $10 up at $1,270 a ton.
In the fertilizers market, urea slumped $115 to $775 a ton. DAP jumped $100 to $895 a ton, while ammonia was steady at $650 a ton.
| Product | Price | Weekly change | 6 months change | 1-year change |
|---|---|---|---|---|
| Ethylene* | 1200.00 | (8%) | 74% | 62% |
| Propylene* | 1245.00 | (1%) | 79% | 62% |
| Benzene* | 1055.00 | (7%) | 59% | 54% |
| Styrene* | 1270.00 | (6%) | 60% | 49% |
| Methanol (Methanex)** | 740.00 | - | 106% | 90% |
| Methanol (China)*** | 400.00 | (5%) | 67% | 57% |
| MTBE**** | 920.00 | (16%) | 37% | 38% |
| Product | Price | Weekly change | 6 months change | 1-year change |
|---|---|---|---|---|
| High-Density Polyethylene (HDPE) | 1235.00 | - | 47% | 44% |
| Low-Density Polyethylene (LDPE) | 1425.00 | - | 45% | 37% |
| Linear Low-Density Polyethylene (LLDPE) | 1175.00 | - | 42% | 35% |
| Polypropylene (PP) | 1270.00 | 1% | 57% | 43% |
| Polystyrene (PS) | 1570.00 | - | 59% | 43% |
| Polyvinyl Chloride (PVC) | 1050.00 | - | 52% | 50% |
| Polycarbonate | 2300.00 | (2%) | 52% | 47% |
| Polyethylene Terephthalate (PET) | 1250.00 | 2% | 68% | 67% |
| Product | Price | Weekly change | 6 months change | 1-year change |
|---|---|---|---|---|
| Spot MEG - China | 610.00 | (5%) | 30% | 23% |
| MEG (SABIC) | 830.00 | - | 20% | 11% |
| Purified Terephthalic Acid (PTA) | 860.00 | (6%) | 40% | 42% |
| Product | Price | Weekly change | 6 months change | 1-year change |
|---|---|---|---|---|
| Urea | 775.00 | (13%) | 89% | 107% |
| Ammonia | 650.00 | - | 38% | 120% |
| DAP* | 895.00 | 13% | 25% | 29% |
| Product | Price | Weekly change | 6 months change | 1-year change |
|---|---|---|---|---|
| Tio2 (Asia) | 3075.00 | 5% | 8% | (8%) |
| Tio2 (Europe) | 3650.00 | - | 5% | - |
| Tio2 (America) | 3990.00 | - | 1% | (4%) |
| Product | Price | Weekly change | 6 months change | 1-year change |
|---|---|---|---|---|
| BPA (Asia) | 1600.00 | (3%) | 49% | 36% |
| VAM (Asia) | 1750.00 | (7%) | 127% | 119% |
| Acetic Acid (Asia) | 565.00 | (7%) | 41% | 30% |
| Acrylic Acid Glacial-China | 1440.00 | (3%) | 43% | 40% |
| Ethylene Vinyl Acetate (EVA) - China | 1705.00 | - | 41% | 40% |
| Butyl Acrylate-China | 1375.00 | (4%) | 48% | 21% |
Argaam10/06/2026
Argaam09/06/2026
Argaam08/06/2026
Argaam07/06/2026
Argaam08/06/2026
Argaam Special06/06/2026
Argaam Special03/06/2026
Argaam Special01/06/2026
Argaam09/06/2026
Argaam07/06/2026
Argaam Special21/05/2026
Argaam Special19/05/2026
Argaam Special13/05/2026
Argaam10/05/2026
Argaam08/12/2022
Argaam17/04/2022
| Report | Interim | Year |
| Tasnee loses SAR 341.3M in Q1 2026 Charts | 3 M | 2026 |
| Sipchem turns to SAR 215.3M loss in Q1 2026 Charts | 3 M | 2026 |
| Alujain turns to SAR 12.2M profit in Q1 2026 Charts | 3 M | 2026 |
| SIIG earns SAR 252.3M in Q1 2026 Charts | 3 M | 2026 |
| SABIC reports net profit of SAR 13.2M in Q1 2026 Charts | 3 M | 2026 |
| Company | Recurring EPS | EPS | Book Value (BV) |
|---|---|---|---|
| ALUJAIN | 0.03 | (12.05 ) | 36.24 |
| TASNEE | (1.05 ) | (2.64 ) | 11.70 |
| NAMA CHEMICALS | (7.55 ) | 0.50 | 10.38 |
| SABIC | (1.40 ) | (8.59 ) | 42.91 |
| SABIC AGRI-NUTRIENTS | 9.08 | 9.08 | 44.54 |
| SIIG | (0.21 ) | (0.15 ) | 12.66 |
| YANSAB | 0.17 | 0.14 | 19.11 |
| SIPCHEM | (0.98 ) | (1.17 ) | 18.59 |
| SAUDI KAYAN | (1.58 ) | (1.53 ) | 6.12 |
| CHEMANOL | (2.04 ) | (4.04 ) | 11.40 |
| PETRO RABIGH | (2.36 ) | (2.33 ) | 7.80 |
| ADVANCED | 0.87 | 0.87 | 11.89 |
| Urea 550.00 (25.00) (4.35 %) | ||||||||||||||||
| Diammonium Phosphate (DAP) 920.00 - - | ||||||||||||||||
| Nitrogen Phosphate Potassium (NPK) 525.00 - - | ||||||||||||||||
| Ammonia 650.00 - - | ||||||||||||||||
| Propane 760.00 - - | ||||||||||||||||
| Butane 820.00 - - | ||||||||||||||||
| Ethane 3.00 - - | ||||||||||||||||
| Methane 2.15 - - | ||||||||||||||||
| Naphtha 740.00 (15.00) (1.99 %) | ||||||||||||||||
| Benzene 980.00 (20.00) (2.00 %) | ||||||||||||||||
| Acetic Acid 525.00 (10.00) (1.87 %) | ||||||||||||||||
| Butyl Acrylate (Butyl-A) 1,250.00 (10.00) (0.79 %) | ||||||||||||||||
| Paraxylene 1,115.00 25.00 2.29 % | ||||||||||||||||
| Ethylene 870.00 (90.00) (9.38 %) | ||||||||||||||||
| Propylene 1,095.00 (105.00) (8.75 %) | ||||||||||||||||
| Methanol 740.00 - - | ||||||||||||||||
| Methyl Tertiary Butyl Ether (MTBE) 840.00 90.00 12.00 % | ||||||||||||||||
| Styrene 1,180.00 (20.00) (1.67 %) | ||||||||||||||||
| Bisphenol A (BPA) 1,475.00 (150.00) (9.23 %) | ||||||||||||||||
| Vinyl Acetate Monomer (VAM) 1,150.00 (125.00) (9.80 %) | ||||||||||||||||
| Acrylic Acid 1,165.00 (35.00) (2.92 %) | ||||||||||||||||
| Monoethylene Glycol (MEG) 830.00 - - | ||||||||||||||||
| Ethylene Vinyl Acetate (EVA) 1,355.00 (150.00) (9.97 %) | ||||||||||||||||
| Purified Terephthalic Acid (PTA) 830.00 25.00 3.11 % | ||||||||||||||||
| Titanium Dioxide (TiO2) 4,125.00 - - | ||||||||||||||||
| Low-Density Polyethylene (LDPE) 1,260.00 (50.00) (3.82 %) | ||||||||||||||||
| Linear Low-Density Polyethylene (LLDPE) 1,080.00 (25.00) (2.26 %) | ||||||||||||||||
| Polyethylene Terephthalate (PET) 1,130.00 - - | ||||||||||||||||
| High-Density Polyethylene (HDPE) 1,145.00 (50.00) (4.18 %) | ||||||||||||||||
| Polypropylene (PP) 1,240.00 - - | ||||||||||||||||
| Polystyrene (PS) 1,430.00 (35.00) (2.39 %) | ||||||||||||||||
| Polyvinyl Chloride (PVC) 850.00 (10.00) (1.16 %) | ||||||||||||||||
| Polycarbonate 2,150.00 (150.00) (6.52 %) | ||||||||||||||||
| Company | Product | Production Capacity |
|---|---|---|
| United | Ethylene | 600.00 |
| Petrokemya | Ethylene | 1,625.00 |
| SHARQ | Ethylene | 1,300.00 |
| SAUDI KAYAN | Ethylene | 1,524.00 |
| Kemya | Ethylene | 780.00 |
| YANPET | Ethylene | 1,850.00 |
| YANSAB | Ethylene | 1,300.00 |
Feedstock usage estimates for local petrochem firms | |||||
| Feedstock | Ethane | Methane | Propane | Butane | Other |
| 40 % | 15 % | 25 % | 10 % | 10 % | |
| -- | 80 % | -- | -- | 20 % | |
| -- | 100 % | -- | -- | -- | |
| 30 % | -- | 60 % | -- | 10 % | |
| -- | -- | 100 % | -- | -- | |
| -- | -- | -- | -- | 100 % | |
| 30 % | -- | 70 % (Including natural gasoline, which is a Gas liquid such as Propane and Butane.) | -- | ||
| 40 % | -- | 60 % | -- | -- | |
| 15 % | 35 % | % 35 | 5 % | 10 % | |
| -- | -- | 100 % | -- | -- | |
| 15 % | -- | -- | 85 % | -- | |
| 80 % | -- | -- | -- | 20 %
| |
Argaam Petrochemical Index exclusively provides weekly capacity-weighted measures for the average variations in global prices of several petrochemical products manufactured in the Gulf Arab countries.
Internally consumed products, which are used as feedstock in the production of other petrochemicals, represent smaller weights on the index. These products, such as ethylene, propylene, and ammonia, are not sold regularly in the international market.
Final products sold in international markets such as polyethylene, polypropylene, MTBE, MEG, and urea are the most weighted on the index.
Weights of products on the index are reviewed periodically.
As of January 1, 2002, the index started at 100 points.
| Company | Finished Products |
|---|---|
| SABIC | Polyethylene, polypropylene, polystyrene, ethylene glycol (MEG), methyl tert- butyl ether (MTBE), benzene, urea, ammonia, PVC, and PTA |
| SABIC Agri-Nutrients | Urea, ammonia |
| YANSAB | Polyethylene, polypropylene, ethylene glycol (MEG), methyl tert- butyl ether (MTBE), benzene |
| Tasnee | Polyethylene, polypropylene, propylene. (TiO2) |
| Saudi Kayan | Polyethylene, polypropylene, ethylene glycol (MEG), polycarbonate, and bisphenol A |
| Petro Rabigh | Polyethylene, polypropylene, propylene oxide, and refined petroleum products. |
| Saudi Group | Polyethylene, polypropylene, Styrene, benzene, Cyclohexene, propylene. |
| Sipchem | Methanol, polypropylene, Polyethylene, Butanol, acetic acid, vinyl acetate monomer, Acrylic Acid, Butyl Acrylate (Butyl-A) |
| Advanced | Polypropylene |
| Alujain | Polypropylene |
| CHEMANOL | Formaldehyde - improvers concrete |
| NAMA | Epoxy resin, hydrochloric acid, liquid caustic soda, soda granule |
| MAADEN | Ammonia and DAP |
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