Europe top stories - weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 26 August 2012.

Europe polyolefin buyers frustrated at extreme price volatility
European polyethylene (PE) and polypropylene (PP) converters are becoming increasingly frustrated at what many see as unprecedented price volatility, as they prepare themselves for another big hike in September amid a rising spot market and higher upstream pricing, several said on Friday.

Europe naphtha price hikes could damage demand
Further price hikes for European naphtha could continue to disrupt already-weak demand, while volatile crude oil values make the outlook difficult to predict, sources said this week.

Basell Orlen Polyolefins declares FM on Poland HDPE - buyers
Basell Orlen Polyolefins (BOPS) has declared force majeure on some high density polyethylene (HDPE) grades from its 320,000 tonne/year plant in Plock, Poland, several buyers said on Wednesday.

Europe epoxy players expect tough talks in September
Negotiations over the European epoxy resins contract in September are expected to be tough as producers target increases, while buyers remain reluctant to accept any rises on the back of poor derivative demand, sources said on Tuesday.

Germany’s BASF to shut acetylene, BDO plants for maintenance
Germany-based BASF will shut its acetylene and butanediol (BDO) plants in Ludwigshafen at the end of August for planned maintenance and modernisation, the chemicals major said on Monday.

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By: Franco Capaldo
+44 (0)20 8652 3214

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