Europe top stories - weekly summary

07 May 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 4 May 2012.

Europe May PVC contract prices to roll over or increase
May contract price negotiations in the European polyvinyl chloride (PVC) market are pointing to rollovers or increases of up to €50/tonne ($66/tonne), market sources said on Friday.

Clariant still on track for 2012 forecasts despite weak start
Clariant is still on track to reach full-year 2012 financial expectations through growth in the emerging markets, despite a sharp year on year drop in first-quarter net profits, the Switzerland-based specialty chemicals producer said on Thursday.

EU chemicals production falls by 2.4% in February – Cefic
EU chemicals production fell by 2.4% year on year in February as all sectors registered a drop except for consumer chemicals, Cefic said in its Chemicals Trends Report on Wednesday.

BP's Q1 petchems profits drop to $112m in margin squeeze
BP’s petrochemicals operations posted an underlying replacement cost profit before interest and tax of $112m (€85m) in the first quarter of 2012, representing a 78% slump from the same period last year, the UK energy giant said on Tuesday.

Russia’s Sibur to see Tobolsk PP plant come onstream in H1 2013
Sibur expects to begin commercial production at its 500,000 tonne/year polypropylene (PP) project in Tobolsk, Siberia, Russia, in the first half of 2013, a press service representative of the Russian group said on Monday.

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By: Staff Reporter
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