Europe top stories – weekly summary

12 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.

Europe acetone spot prices hold steady on limited material
European acetone spot prices are holding steady as cutbacks in phenol operating rates remain firmly in place, market sources said on Friday.

Europe polypropylene prices slip in cautious market
Polypropylene (PP) buyers in Europe are managing to get a November price reduction that is limited to around €40/tonne ($51/tonne) at present, but buyers and sellers remain cautious, market sources confirmed on Thursday.

Europe styrene prices set to soar after Shell Chemicals force majeure
European styrene prices are expected to soar following Shell Chemicals' declaration of force majeure on styrene at its Moerdijk site earlier this week, with firm benzene costs also supporting the bullishness, sources said on Wednesday.

Germany's LANXESS Q3 net profit falls 39% on weaker demand
LANXESS’s third-quarter 2012 net profit fell by 39% year on year to €94m ($121m) amid weakening demand in the tyre and automotive industries, the German specialty chemicals firm said on Tuesday.

Europe November toluene contracts confirmed at $1,325-1,335/tonne
European November toluene contracts have been confirmed at $1,325-1,335/tonne (€1,034-1,041/tonne), a decrease of $55-60/tonne from the previous month’s range, sources said on Monday.

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By: Staff Reporter
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