Europe top stories - weekly summary
04 July 2011 09:00 [Source: ICIS news]
LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 1 July 2011.
Spot ethylene, propylene prices soften on demand, availability
Spot ethylene and propylene prices have fallen significantly over the past two months on poor demand from key derivatives polyethylene and polypropylene (PP) that has been weighing on supply, and there is further downside potential, market sources said on Friday.
Initial
An initial European propylene contract price for July has settled at €1,130/tonne, down €75/tonne from June, a major producer said on Tuesday.
AkzoNobel Q2 results hit by raw material prices, production issues
Dutch specialty chemicals maker AkzoNobel said on Monday its year-to-date revenues have met the firm’s expectations, but its second quarter results will be badly hit by ongoing trading conditions and one-off factors.
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By: Staff Reporter
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