Europe top stories - weekly summary

02 July 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 29 June 2012.

Europe spot LDPE prices at lowest level since Jan 2010
European low density polyethylene (LDPE) spot prices have fallen to levels below €1,000/tonne ($1,250/tonne) FD (free delivered) NWE (northwest Europe) for the first time since January 2010, sources said on Friday.

France’s Arkema invests over €70m in fluoropolymer site
Arkema will invest more than €70m ($88m) to increase fluoropolymer production by 50% at its Pierre-Benite site in France, the specialty chemical company said on Thursday.

Europe PE prices at six-month low on naphtha drop
European polyethylene (PE) prices are at a six-month low as producers take advantage of the drop in naphtha prices to produce material for spot and export sales at levels at which most traders cannot compete, sources said on Wednesday.

Swiss Ameropa acquires 20.5% stake in Azomures for €53.7m
Swiss grain and fertilizer trader Ameropa Holding has acquired a further 20.53% stake in Romania's largest fertilizer producer Azomures for New Lei 240.1 m (€53.7m, $67.3m), the company said on Tuesday.

Europe chem stocks fall as Spain requests bailout for banks
European chemical stocks fell on Monday, in line with financial markets, as investors lost confidence after Spain formally requested a bailout for its banks.

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By: Staff Reporter
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