08 February 2006 18:00 [Source: ICIS news]
LONDON (ICIS news)--Listed below are a series of outlooks for 2006 from ICIS-LOR's specialist market editors. Click on the headline to access the full story.
Do drop a line to the News Editor, Raj Rajendran, if you have anything to say on the series.
By Nel Weddle
LONDON (ICIS news)--European ethylene and propylene markets are expected to remain strong on buoyant derivative demand and scheduled cracker maintenances throughout 2006, market sources said.
Last year was described as a rollercoaster year for olefins pricing in Europe. Jumps in raw material costs coupled with a number of unplanned production issues and swings in derivatives demand – notably that of the polymers polyethylene and polypropylene – led to increased price volatility.
By Linda Naylor
LONDON (ICIS news)--The European polyolefins industry has started the New Year in a more positive mood than was expected at the end of 2005. Polyethylene and polypropylene have stabilised in January and producers are confident of an upturn in pricing during Q1.
2005 was a year of two distinct halves for PE and PP in Europe, encompassing two full cycles and witnessing the volatility which has become a feature of these markets over the recent past.
By Barbara Ortner
LONDON (ICIS news)--The European aromatics industry will start the New Year in a positive mood, after seeing some record high prices and extreme volatility during the past year.
High crude oil prices, which were the main driver behind the massive benzene price hikes in the first quarter of the year, look set to remain in place during the coming year. However, the link between daily fluctuations on crude and those on benzene was severed in March, as the weakness of derivatives demand took over as the key factor influencing benzene.
By Edward Cox
LONDON (ICIS news)--Volatile feedstock costs and patchy demand remain key challenges for European phenol and acetone buyers and sellers this year as speculation grows about the impact of new capacities due online in the fourth quarter.
The two markets ended 2005 on a weak note and with little sign of immediate improvement heading into the New Year.
By Benjamin Purvis
LONDON (ICIS news)--Next year looks set to be another disappointing year for European fibre intermediates following a lacklustre 2005, as few players were confident that there would be any great improvement over the next twelve months.
While producers in some sectors made slight gains last year, the majority have seen margins steadily eroded amid large fluctuations in feedstock prices, and this was expected to continue.
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