Europe top stories – weekly summary

07 January 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 23 December 2012.

OUTLOOK '13: Europe PET faces plant closures unless margins improve
The European polyethylene terephthalate (PET) market is in limbo as producers decide how best to limit losses in the face of new capacities affecting Europe and continued upward pressure from raw materials.

OUTLOOK '13: Europe methanol tightness to ease in first half
Methanol spot prices in Europe are expected to decrease in the first half of 2013, as the tight Atlantic supply that has gripped the market throughout the fourth quarter of 2012 begins to ease.

Europe chemical stocks rise sharply on US 'fiscal cliff' deal
European chemical stocks received a boost on Wednesday following a deal in the US to avoid a raft of tax hikes and spending cuts that had been set to come into effect at the start of 2013.

OUTLOOK '13: A bleak midwinter for Europe chemicals
The prospect of weak economic growth hangs heavy over the European chemicals sector at the turn of the year. Domestic demand has been under pressure for months and the outlook has worsened. What optimism there was faded towards the 2012 year end.

Europe January benzene contract fully confirmed at €1,153/tonne
The European benzene contract price for January has been fully confirmed at €1,153/tonne, up €69/tonne from the previous month, two major producers and three major consumers said on Monday.

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By: Staff Reporter
+44 20 8652 3214

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