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ICIS reports that chemical prices rose sharply in early 2017 on restricted regional production, with gains in methanol, butadiene and benzene. The ICIS Petrochemical Index reached a level not seen since 2014.
Higher petrochemical prices raise costs for some industrial inputs, but this story concerns chemicals rather than feed ingredients, so its effect on feed commodity prices is limited.
everchem.comNigel DavisFeb 15, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
