Prices of aromatics – a group of scented hydrocarbons with benzene rings used to make a variety of petrochemicals – were all down last month. Benzene was down 5% to US$619/mt in December from a November level of US$652/mt. Toluene prices fell 4% in December to US$587/mt, down US$25/mt from November. Paraxylene, the final aromatic included in the PGPI, was down 5.3% in December to US$714/mt, a decline of US$40/mt from November.
Petrochemical prices largely moved in line with global equity markets in December, lower across the board. The Dow Jones Industrial Average declined 2.6%, while The London Stock Exchange Index (FTSE) was down 1.8%. The NIKKEI 225 was down 3.6%.
14-Jan-16 
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