Europe top stories – weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 7 December 2012.

Europe naphtha market expected to remain bearish
Despite a slight improvement in demand a few days ago, the European naphtha market is still oversupplied and bearish and is expected to remain so for the foreseeable future, sources said this week.

Europe PE spot prices rise in uncertain market

Polyethylene (PE) spot prices have risen by as much as €50/tonne ($66/tonne) and sometimes more in Europe this week as buyers hurry to secure volumes ahead of what they fear could be a bigger increase to come, sources said on Thursday.

Initial Europe December OX contract agreed down €27/tonne
An initial European December orthoxylene (OX) contract was agreed at €1,093/tonne ($1,438/tonne) on Wednesday, a reduction of €27/tonne from the previous month, one seller said.

Europe Dec styrene barge CP confirmed up €15/tonne at €1,428/tonne
The initial European styrene barge contract for December was confirmed at €1,428/tonne ($1,855/tonne) on Tuesday, up €15/tonne from the previous month, as the initial settlement received further support from players.

Initial Europe December toluene contract agreed at $1,297/tonne
An initial December toluene contract was agreed at $1,297/tonne (€999/tonne), down $28-38/tonne from last month’s settlements, one buyer confirmed on Monday.

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By: Staff Reporter
+44 20 8652 3214

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