Thursday, June 24, 2010

Petrochemical prices decline at a faster pace in May

Prices fell at a faster pace in the global petrochemicals market with the average daily price of Platts Global Petrochemical Index (PGPI) dropping 7.5% from US$1237/MT in April to US$1144/MT in May. TThe index, a basket of the most widely used petrochemicals prices published by Platts, had been falling since mid-April.

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