Europe top stories - weekly summary

11 June 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 8 June 2012.

Lower Europe PE, PP prices lead to arb opportunities
Lower polyethylene (PE) and polypropylene (PP) prices in Europe, coupled with a favourable exchange rate, are leading to export opportunities for some sellers who have not had the chance of exporting commodity grades for some time, and they are grabbing them with both hands, sources said on Friday.

UK’s Johnson Matthey full-year net profit rises 73% to £315.4m
Johnson Matthey’s net profit for the 2011-2012 fiscal year was up 73% year on year to £315.4m (€389.4m, $485.2m), the UK-based specialty chemicals company said on Thursday.

Europe chemical industry at risk of being left behind – analyst
The European chemicals industry is at risk of being left behind as US production grows faster with the advantages of shale gas, global analyst Bernstein Research said on Wednesday.

EU chem production down 2% in Q1, falls by 1.8% in March – Cefic
EU chemicals production fell by 2.0% year on year in the first quarter while output in March declined by 1.8%, European industry body Cefic said on Tuesday.

EU chemicals producer prices rise by 0.5% in April – Eurostat
The EU chemicals producer price index rose by 0.5% in April from March, according to Eurostat figures released on Monday.

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By: Staff Reporter
+44 20 8652 3214

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