17 December 2012 09:00 [Source: ICIS news]
LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 14 December 2012.
Europe naphtha market oversupply set to continue
The European naphtha market continues to face growing oversupply and a lack of opportunities to relieve high stock pressure as demand remains muted and outbound arbitrages closed, sources said this week.
Europe PE spot prices surge on lack of availability
Polyethylene (PE) spot prices are increasing as expectations of a price hike in January gain momentum, in spite of a fundamentally weak European market, sources said on Thursday.
Europe spot benzene numbers move up on US pressure
Firming prices in the US have helped push the European spot benzene market back up to $1,500/tonne (€1,155/tonne) ahead of the European Petrochemical Luncheon (EPL) tomorrow, sources said on Wednesday.
Global oil demand rises in Q4 2012- OPEC
World oil demand during the fourth quarter of 2012 is forecast to have almost doubled from the previous quarter, owing to an improvement in US demand, OPEC said on Tuesday.
Euro chem companies outperform markets, but challenges ahead – HSBC
The European chemical sector has been one of the top performing sectors of the year, HSBC said on Monday, but warned that the rally could only continue at its current rate if the global economy grows faster than currently expected.
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