Europe top stories - weekly summary

05 March 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 2 March 2012.

Europe acetone market favours volume over price
The European acetone market is more concerned about securing material than it is about prices because availability is so tight and the outlook uncertain, market participants said on Friday.

Europe PE prices approach record highs
Polyethylene (PE) prices in Europe are approaching previous record high levels as producers target increases of €150/tonne ($200/tonne) following the €86/tonne increase in the March ethylene contract price, sources said on Thursday.

DSM's Q4 net profit falls 43% in tough economic environment
DSM’s fourth-quarter net profit fell by 43% year on year to €85m ($115m), partly on lower earnings from its performance materials business amid a challenging economic environment, the Dutch chemicals producer said on Wednesday.

Greek chemical industry seeks stakeholder support amid turmoil
Chemical producers in Greece are operating in a “hectic” environment but expect to continue servicing customers and suppliers effectively, the Hellenic Association of Chemical Industries (HACI) said on Tuesday.

Oxea’s Q4 net income falls sharply to €8.7m as sales drop 6.5%
Oxea’s net income in the fourth quarter of 2011 fell to €8.7m from €24.3m in the same period the year before, as a result of lower revenues and higher income taxes, the global oxo chemicals company said on Monday.

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By: Staff Reporter
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