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Platts: Global Petrochemical Prices Leveled Off in October (Platts)

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(Source: Platts) But Month-End Prices Were Stronger versus September; First Such Strength Since May 2015 Houston - November 17, 2015 Prices in the $3-trillion-plus global petrochemicals market in October were virtually flat based on a monthly average, but edged slightly when valued on a month-end to month-end basis from September. This is the first time the markets have shown intermonth gains since May of this year, according to the just-released monthly Platts Global Petrochemical Index (PGPI). Petrochemical prices, expressed as a monthly average were $785 per metric ton (/mt) in October, down just $1/mt from September. The PGPI is a benchmark basket of seven widely used petrochemicals and...

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