Europe top stories - weekly summary

21 November 2011 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 18 November 2011.   

Europe PE prices at 22-month lows 'have reached bottom' 
The outlook for polyethylene (PE) demand in Europe remains flat, but many players feel that prices will go no lower than current levels in the near future as the spread between ethylene and PE narrows and crude oil and naphtha prices remain strong, market sources agreed on Friday.

Brent down $2/bbl on eurozone concerns, spread with WTI narrows
Brent crude futures fell by more than $2/bbl on Thursday amid concerns over eurozone debt, but the price spread between WTI and Brent narrowed, with the US benchmark buoyed by a plan to reverse the oil flow of a pipeline from the US midwest to the Gulf coast region.

INSIGHT: Europe chlor-vinyls tremble on construction and economy
Economic uncertainty and fears of a double-dip recession are shaking the European chlor-vinyl market as the negative sentiment in the key downstream housing sector continues to destabilise supply and demand balances.

Focus Europe EDC, VCM spot markets stagnate on slow PVC
High ethylene and energy costs combined with depressed conditions in downstream polyvinyl chloride (PVC) have driven the European ethylene dichloride (EDC) and vinyl chloride monomer (VCM) spot markets to stagnation.

EU chemicals production down in September as slowdown bites
EU chemicals and industrial production fell in September as the economic slowdown began to bite, data from statistics agency Eurostat showed on Monday.

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By: Staff Reporter
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