Prices in Petrochemicals Market Drops

Platts reported that prices in the petrochemicals market worldwide dropped in May.

As quoted in the market news:

The 11% price drop is the largest one-month percentage decline in global petrochemical values since November 2008, when prices fell 38% following the start of the global recession in mid-2008. The May average monthly price was down 16% versus this same period a year ago.

Click here to read the full Platts report.