Global prices for petrochemicals tumbled in May at the sharpest rate since Nov. 2008, Platts...

|By:, SA News Editor
Global prices for petrochemicals tumbled in May at the sharpest rate since Nov. 2008, Platts reports, amid concern that demand for materials and consumer products could contract if the European debt crisis deepens. Prices for petrochemicals are considered a leading indicator of the global economy; the price plunge also reflects the decline in upstream energy costs.