Europe top stories - weekly summary

01 October 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 30 September 2012.

Europe naphtha still plagued by weak demand, oversupply
The outlook for the European naphtha market remains gloomy, with demand expected to stay lacklustre and oversupply persisting unless crucial factors change, sources said this week.

Europe PP prices surge in Sept, buyers target lower for Oct
European polypropylene (PP) buyers paid increases of at least 9% in September but many are now waiting for lower offers in October, some said on Thursday.

European chemical stocks drop on Spanish market uncertainty
European chemical stocks dropped on Wednesday, in line with financial markets, as a result of market uncertainty driven by Spain’s deepening debt crisis.

Hungary’s MOL to invest $137m in butadiene plant
MOL is to invest forint (Ft) 30bn ($137.2m, €106.1m) in a planned butadiene (BD) plant as part of a Ft300bn three-year investment programme in its home market of Hungary, the oil, gas and petrochemicals group said late on Monday.

Borealis Sweden LDPE unit brought back on line
Borealis’s 350,000 tonne/year low density polyethylene (LDPE) plant in Stenungsund, Sweden, was brought back on line in the weekend of 22-23 September, following an outage that started in the week beginning 19 August, a source at the Austria-based producer said on Monday.
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By: Staff Reporter
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