Prices in Petrochemicals Market Drops

Oil and Gas Investing

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

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.

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