Europe top stories - weekly summary

05 November 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.

Slow start for Europe November PE, PP business
European polyethylene (PE) and polypropylene (PP) business has been slow to start for November, following the limited change in upstream ethylene and propylene contract settlements earlier in the week, sources said on Friday.

Europe naphtha crack spread should weaken to open arbs
European naphtha refining margins need to soften in order to lower naphtha prices and open arbitrages out of northwest Europe to relieve the building oversupply, market participants said this week.

Global slowdown impacts Clariant chems divisions Q3 EBITDA
The weakening global economic environment has resulted in year-on-year falls in EBITDA for many of Clariant’s chemicals business segments during the third quarter of the year, the Swiss specialty chemical company said on Wednesday.

Germany's Bayer MaterialScience Q3 PU sales rise by 10.2%
Sales for Bayer MaterialScience’s polyurethane (PU) business unit rose by 10.2% to €1.57bn ($2.01bn) in the third quarter of 2012, when compared with the same period last year, driven mainly by higher sales volumes in all product groups and regions, according to the company’s financial report issued on Tuesday.

Germany's Linde Q3 net profit rises 8%, targets €900m savings
Germany-based industrial gases producer Linde reported an 8% year-on-year increase in net profit for the third quarter of 2012 to €313m ($406m), bolstered by the acquisition of US healthcare gases company Lincare earlier this year, the company said on Monday.

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By: Staff Reporter
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