Europe top stories - weekly summary

19 December 2011 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 16 December 2011.

Europe MEG prices unlikely to fall further as market balances out
European monoethylene glycol (MEG) prices are unlikely to decrease further as availability balances out with demand, sources said on Friday.

Europe DOP producers turn down sales due to low prices
European producers of dioctyl phthalate (DOP) are turning down sales to avoid negative margins, market sources said on Thursday.

Europe chems, industrial production falls in October – Eurostat
EU chemicals and industrial production fell in October as demand was hit by the continuing eurozone debt crisis, data from statistics agency Eurostat showed on Wednesday.

OPEC cuts 2012 world oil demand growth forecast
The forecast for world oil demand growth in 2012 has been revised down by 100,000 bbl/day to 1.1m bbl/day, because of a slowdown in the global economy, OPEC said on Tuesday.

UN’s Durban climate deal falls short – German chem trade group
The outcome of the Durban climate change conference in South Africa has fallen short of the expectations of Germany’s chemical industry, a trade group said on Sunday.

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By: Staff Reporter
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