Petrochemical Prices in August Rose 3% from July, but 30% from 2010

Sep 12, 2011, 16:46 ET from Platts

LONDON, Sept. 12, 2011 /PRNewswire/ -- Platts – Prices of petrochemicals, a $3 trillion global business, averaged $1,397 per metric ton (/mt) in August, according to just-released data from Platts, a leading global energy and metals information provider. The Platts Global Petrochemical Index (PGPI), a basket of seven widely used petrochemicals, is up 3% from July, reflecting stabilization despite rapidly worsening economic sentiment and big declines in global stock markets. But the August monthly index average is up 30% from this same time a year ago.


Aug 2011

Aug 10

% Chg

July 11

% Chg

June 11

May 11

PGPI monthly avg.



+ 30





Petrochemicals are used to make plastic, rubber, nylon and other materials for consumer products, packaging, manufacturing, construction, pharmaceuticals, aviation, electronics and nearly every commercial industry.

The PGPI reflects a compilation of daily physical spot market price assessments of ethylene, propylene, benzene, toluene, paraxylene, low-density polyethylene (LDPE) and polypropylene as published by Platts and is weighted by the three regions of Asia, Europe and the United States. It is utilized as a price reference, a gauge of sector activity, and a measure of comparison for determining the profitability of selling crude oil intact or refining it into products.

To access a summary for each of the seven key petrochemicals included in the PGPI,

First published by Platts in August 2007, the PGPI peaked at $1,679/mt on July 14, 2008 before plummeting to a low of $491/mt on December 5, 2008, on the heels of the global financial meltdown. Published daily in Platts Petrochemical Alert, a real-time news service, and other Platts publications, the PGPI is anchored by Platts' robust and long-established price assessment methodology and the firm's 100-year history of energy price reporting. 

Platts petrochemicals experts are available for media interviews, consult Platts Media Center. For more information on petrochemicals, visit the Platts website at

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