Europe top stories - weekly summary

27 September 2010 10:28  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top European stories from ICIS for the week ended 24 September 2010.

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RadiciGroup to invest in nylon 6 and 6,6 BCF yarn spinning lines
RadiciGroup will invest around €10m ($13m) in new spinning lines for nylon (polyamide) 6 and 6,6 solution-dyed bulked continuous filament (BCF) yarn at its plant at Casnigo, Italy, the company said.

Europe cracker margins surge by 27% on soft naphtha
European cracker contract margins have surged by 27% because of a 5.8% drop in feedstock naphtha values, an ICIS margin analysis showed.

Europe phenol demand continues to weigh on acetone spot prices
The strength of the European phenol market continues to weigh heavily on the value of acetone, a trend that could continue through the fourth quarter and possibly beyond, market participants said.

Arkema lifts declarations of force majeure on acrylates
Arkema has lifted two declarations of force majeure on supplies of butyl acrylate (butyl-A), methyl acrylate (methyl-A) and ethyl acrylate (ethyl-A), a company source confirmed.

Solvay to cut 800 jobs as part of restructuring project
Solvay will cut 800 jobs worldwide under its “horizon” reorganisation project as it looks to reduce costs, the Belgium-based producer said.

Europe Q4 butadiene down 10.5% on softening market
The European butadiene (BD) contract has settled down by €155/tonne for the fourth quarter at €1,325/tonne ($1,767/tonne) because of softening market fundamentals, a major producer said.

For more on Arkema, Solvay and other producers, visit ICIS company intelligence
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By: Staff Reporter
+44 20 8652 3214

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