PGPI

AcronymDefinition
PGPIPhilex Gold Philippines, Inc. (Philex Mining Corporation; Philippines)
PGPIPrime Gaming Philippines, Inc. (Makati City, Philippines)
PGPIPerformance Growth Partners, Inc. (various locations)
PGPIPretty Good Privacy for the Internet
References in periodicals archive ?
On an end-of-day, end-of-month basis, the October PGPI market-on-close value was $1,439.73 on 31 October, 2011, an 11.3 per cent drop when compared to the end-of-day, end-of-month value for September 30, 2011 of $1,572.94.
The PGPI reflects a compilation of the daily price assessments of physical spot market ethylene, propylene, benzene, toluene, paraxylene, low-density polyethylene (LDPE) and polypropylene as published by Platts and is weighted by the three regions of Asia, Europe and the US .
"Some analysts look at indices like PGPI to predict economic trends and for the last couple months it looks like 'petchem' feedstock price declines and economic slowdown have come hand in hand."
Since then, price movement has been downward with the average daily price of PGPI dropping 10.1 per cent to $1,029 per tonne in June from $1,144 per tonne in May.
"Volatility defines this market and June was the most volatile month for petrochemical prices in 2010, with swings in the PGPI varying from a $15.72 per tonne overnight drop on June 6, to a $4.96 per tonne gain on June 14," says Ihsan Rahim, Platts managing editor for Americas petrochemicals.
The PGPI reflects a compilation of the daily price assessments of physical spot market ethylene, propylene, benzene, toluene, paraxylene, low density polyethylene (LDPE) and polypropylene as published by Platts and is weighted by the three regions of Asia, Europe and the US.
The PGPI serves as a price reference, a gauge of sector activity, and a measure of comparison for determining the profitability of selling a barrel of crude intact or refining it into products.
The PGPI's Bulawan mine, in Sipalay City, Negros Occidental, was decommissioned in 2002 due to the low metal prices prevailing at the time.