Europe top stories - weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 19 August 2012.

Europe acetone spot prices firm on phenol cutbacks - traders
European acetone spot prices continue to rise because of a drop in phenol production, acetone resellers said on Friday.

Brent crude rises may drive Europe naphtha prices higher
European naphtha prices are likely to be driven higher by crude oil gains unless the naphtha crack spread weakens to dampen the effect, sources said on Thursday.

Europe polymer buyers nervous over September pricing
The few European polyethylene (PE) and polypropylene (PP) buyers who are not on holiday are beginning to get nervous over what might happen to prices in September as naphtha remains firm, several said on Wednesday.

Germany's K+S Q2 net income surges to €138.2m
K+S's net income surged to €138.2m ($170.6m) in the second quarter of this year from €28.7m in the same period a year earlier as revenues rose by 21%, the German firm said on Tuesday.

Oxea's Q2 net income up 38.4% on strong operating performance
Oxea’s second-quarter 2012 net income increased by 38.4% year on year to €22.7m ($28.0m) on strong operating profit and lower financial costs and taxes, the company said on Monday.

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By: Staff Reporter
+44 20 8652 3214

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