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  1. Petrochemicals in facts and figures

    ... and its allies (180+ million barrels over the next six months) coupled with lower demand from China due to the lockdowns will help to temporarily stabilize the prices. Margins in the petrochemical market go lower The ICIS Global Petrochemical Index (IPEX) rose by 3% quarter on quarter in Q1 2022, with the best dynamics reported in Asia (+6% QOQ). The petrochemical prices have been significantly affected by the rising feedstock prices along with continued logistics constraints. Yet, not all the producers ...

  2. Petrochemicals in facts and figures

    ... production in Q4 2021 already hitting 11.5 mbpd, and growing. For context, in Q1 2020 – pre-COVID – US oil production stood at 12.6 mbpd, and with US drilling activity starting to reach these levels, production in the region is only set to follow suit. IPEX: Prices have plateaued Regional petrochemical prices have plateaued after several back-to-back quarters of strong growth. But there is still a large gap between Asian and Western prices. Prices in the European and North American markets in 2021 ...

  3. Petrochemicals in facts and figures

    ... meet the quotas. Uncertainty in the oil market is primarily fuelled by the negotiations between the USA and Iran on its nuclear programme; the talks are raising doubts that US sanctions curbing Iranian oil exports will be lifted any time soon. IPEX: Opposite trends The regional profiles of supply and demand for petrochemical products have led to opposite trends for the IPEX price index. In the USA, prices continued to rise; in Asia they remained stable; but in Europe, they were falling. The ...

  4. Petrochemicals in facts and figures

    ....5 mbpd (from 11.0 mbpd to 11.5 mbpd, respectively). Throughout the second quarter, there was much talk about the potential lifting of US sanctions against Iran, but the issue remains uncertain. We will keep monitoring the situation. Petrochemicals: IPEX + 13 p.p. Boosted by the price spike in Europe and the USA, the ICIS Global Petrochemical Index (IPEX, representing the movement of a basket of 12 commodity petrochemical prices across key world regions) grew 13 p.p. quarter-on-quarter in the second ...

  5. Petrochemicals: numbers

    Why oil is net positive, IPEX is in the catbird seat, and rubber prices are gaining momentum: find out in the new report by experts from SIBUR. Business environment: focus on economic recovery Despite the insufficient pace of vaccination in Q1 2021, analysts forecast ...

  6. SIBUR analytics

    ... producers to price increases and inventory normalisation following the exceptional snow storm in Texas. The petrochemical industry: recovering demand In Q4, prices for most petrochemical products recovered from the trough that began in March 2020. The IPEX index (a composite index of prices in key regions throughout the globe – North-East Asia, the USA, North-West Europe – for a basket of 12 essential petrochemical products: ethylene, propylene, benzene, toluene, paraxylene, styrene, butadiene,...