Europe top stories - weekly summary

13 August 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 12 August 2012.

Europe naphtha prices expected to remain steady
While climbing crude oil values have driven European naphtha prices upwards since late June, a variety of factors influencing the naphtha range now suggest prices are likely to remain stable for the next few weeks, sources said this week.

Europe PE spot prices up by at least 25% on end-June levels
European polyethylene (PE) spot prices have surged by at least 25% since the end of June, and monthly buyers are faced with hikes of up to €200/tonne over July values, sources said on Thursday.

Epoxy resins expansions to lengthen European market
Upcoming epoxy resins capacity expansions will lengthen the already oversupplied European market and possibly drive prices down, sources said this week.

Germany’s LANXESS not expecting further momentum in H2 2012
German specialty chemicals maker LANXESS on Tuesday said it does not expect to see any further momentum in the second half of the year in view of increasing economic challenges.

Propylene derivatives AA, MMA face August hikes
Propylene derivatives acrylic acid (AA), acrylate esters and methyl methacrylate (MMA) have seen prices see-saw this year, driven by feedstock costs, and the markets now face August increases despite quiet summer demand.

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By: Staff Reporter
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