Europe top stories – weekly summary

03 December 2012 09:00  [Source: ICIS news]

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

Europe benzene December CP poised for large increase
European benzene and derivative players are braced for another sizable increase on the December contract, sources said on Friday, with the styrene market in particular concerned about the ongoing impact on high feedstock costs amid softer demand.

Europe HDPE market reviews impact of Dow's Tessenderlo closure
European buyers and sellers on Thursday gave their reactions to news that Dow will no longer supply high density polyethylene (HDPE) from its Tessenderlo plant in Belgium from January, after the US-based producer sent out letters to its customers informing them of the shutdown.

Europe PP players cautious – but the mood is changing
European polypropylene (PP) players are watching upstream movements closely to see where December prices might land, but the mood is changing, as low offers have been withdrawn from the market by both traders and producers, several sources said on Wednesday.

Europe Dec PX to balance weak demand with bullish upstream values
Players in the European paraxylene (PX) market are anticipating tough negotiations for the December contract price following high nominations seen in Asia, sources said on Tuesday.

Europe benzene eyes US and Asia ahead of December
The European benzene market is carefully watching supply balances and price developments in other regions ahead of December as an indication of direction, players said on Monday.

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

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