Europe top stories - weekly summary

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

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

Europe PE, PP demand poor amid gloomy outlook
Demand is the overriding concern of polyethylene (PE) and polypropylene (PP) sellers in Europe, and expectations of an improvement in November are based on hope rather than strong fundamentals, sources said on Friday.

Germany’s BASF aims for higher sales, EBIT in 2012
BASF’s chairman Kurt Bock said on Thursday the German petrochemical major is still aiming for 2012 sales and EBIT before special items to exceed 2011 record levels, despite revising downwards its expectations for the global economy.

Chemicals sales mitigate polysilicon downturn for Wacker
Increased sales and revenues across most of Wacker Chemie’s chemicals divisions have helped to offset the impact of a slump for the company’s polysilicon and silicon wafer businesses in the third quarter of 2012, the Germany-based producer said on Wednesday.

INEOS Q3 EBITDA up 16% on strong North America business
INEOS has posted a 16% year-on-year increase in earnings before interest, tax, depreciation and amortisation (EBITDA) for the third quarter of 2012 on the back of a stronger North American market, the Switzerland-headquartered petrochemicals company said on Tuesday.~

Europe contract cracker margins hold steady in October
European contract cracker margins have held steady week on week as lower naphtha costs are counterbalanced by lower co-products credits, ICIS margin analysis showed on Monday.

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By: Staff Reporter
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