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In March, the average price of the global petrochemical market fell by 5% to 1,378 U.S. dollars per ton from 1,445 U.S. dollars per tonne in the same period of last year.
The average price of p-xylene in March was $1,472 per ton, down 10% from the previous month. In toluene, it was down 8% to $1,197 per ton.
Several styrenic plants stopped production in March for routine inspections, and demand for pure benzene fell. As a result, global benzene prices also fell by 8% to $1301/t in March.
The global average price of propylene fell to 1,331 US dollars / ton, a decrease of 6%, resulting in the polypropylene price index fell 3% to 1,528 US dollars / ton.
In general, the global petrochemical product price movement is exactly the opposite of the global equity securities market.