Europe Chemical Industry Outlook for 2013

08 January 2013 11:43  [Source: ICIS news]

LONDON (ICIS)--The following OUTLOOK '13 stories were published by ICIS news between Friday 21 December 2012 and Friday 4 January 2013. Please click on the headlines to read the full versions.

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: More Europe VAM contracts to be priced monthly
Participants in the European acetyls markets have been reluctant to look too far into 2013, explaining that much depends on macroeconomic developments that cannot be predicted with any confidence. The only certainty at the end of 2012 was that contract pricing terms for acetic acid and vinyl acetate monomer (VAM) are becoming shorter.

OUTLOOK '13: Outside factors to shape future of Europe chem firms
In most cases, a new year brings with it opportunity for companies to start again, to make up for any shortfalls made over the past 12 months. The problem is, as much as the chemical industry will look forward to a fresh canvas, powers outside its control have already chosen the colours.

OUTLOOK '13: All eyes on Poland's bid to create an 'EU major'
Poland's attempt at creating a state-controlled “EU major” is likely to grab most chemical industry headlines in central and eastern Europe (CEE) as 2013 gets under way.

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.

OUTLOOK '13: Europe polyamide chain conditions to remain tough
The European polyamide chain is bracing for another tough year in 2013, with margins continuing to be squeezed by high feedstock costs and weak demand.

OUTLOOK '13: Europe base oil market set for challenging year
The European Group I base oil market experienced a sustained period of slow demand towards the end of 2012 and the outlook for 2013 is uncertain, market sources said.

OUTLOOK '13: Europe acrylates players seek sustainability, stability
While it is anyone’s guess as to how the European acrylates markets will fair in 2013, players across the sector agree there is a need to return to a healthy, sustainable level as margins have dwindled on high feedstock costs and soft demand.

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.

OUTLOOK ’13: Russia's polymer market faces major changes
The Russian polymers market is set to undergo significant changes in 2013. Notably, the country is expected to discontinue imports of polypropylene (PP) and become a PP exporter as new domestic capacities come onstream.

OUTLOOK '13: Europe plasticizers expected to remain steady
The European plasticizers market is expected to remain stable in 2013 amid an uncertain economic outlook and lacklustre downstream construction sector.

OUTLOOK ’13: Europe phenol market lacks visibility
Beyond January, it is difficult for producers and consumers of phenol to provide an outlook for 2013 as the market lacks visibility with much uncertainty over the global economy.

OUTLOOK '13: Europe MA market eyes feedstock costs, demand
European maleic anhydride (MA) players remain cautious about high and volatile feedstock costs and their effect on MA price evolution and production in 2013, particularly in view of demand uncertainty.

OUTLOOK '13: Europe PA to face upstream, downstream challenges
The European phthalic anhydride (PA) market is likely to face challenges from both upstream and downstream in 2013 and this is set to continue over the next few years.

OUTLOOK ’13: Europe M&A rally to continue into 2013
The market for petrochemical sector mergers and acquisitions (M&A) continued its rally this year, a trend that is expected to continue at least through the first half of 2013.

OUTLOOK '13: Europe SBR market uncertain on falling tyre sales
The 2013 outlook of the European styrene butadiene rubber (SBR) market is very uncertain as tyre sales look set to continue falling next year driven by poor car and replacement tyre demand.

OUTLOOK '13: Europe caustic soda market expected to remain tight
The European caustic soda market is very tight at the end of 2012, and this is expected to continue into 2013.

OUTLOOK '13: Massive improvement not expected for Europe PVC
Players in the European polyvinyl chloride (PVC) market are not expecting a massive improvement in 2013 compared with 2012.

OUTLOOK '13: Europe butadiene exports to continue to grow
After what many sources are describing as a record year for European butadiene (BD) exports, ongoing uncertainty in the global economy means that players believe another record year for exports could be on the cards, despite some maintenance turnarounds.

OUTLOOK '13: Europe solvents players showing caution
Players in the European solvents market are being cautious with their predictions for 2013, with the majority believing price and demand patterns for isopropanol (IPA), methyl ethyl ketone (MEK) and methyl isobutyl ketone (MIBK) will be similar to those of 2012.

OUTLOOK '13: Legislation brings ongoing biofuels uncertainty
The outlook for biofuels in 2013 is clouded, with the industry facing an uncertain future as a result of constantly evolving legislation and ongoing anti-dumping investigations.

OUTLOOK '13: Europe oxo-alcohols to remain stable
The European oxo-alcohols market has ended 2012 with low but stable demand, and players expect little change in 2013.

OUTLOOK ’13: Europe aromatics braced for a turbulent year
Following on from a volatile 2012, European aromatics are braced for a continued rollercoaster on supply and pricing next year, with benzene costs in particular expected to continue along a bullish path.

OUTLOOK '13: Europe styrenics to face more volatility in 2013
European styrenics market players have struggled with the twin pressure of bullish upstream and energy costs and uncertain demand amid weak macroeconomic conditions this year, and this looks set to continue into 2013.

OUTLOOK ’13: Europe PE, PP players expect weak 2013
Polyethylene (PE) and polypropylene (PP) players in Europe are bracing themselves for a difficult 2013, given the hard year they have had in 2012, and the general economic outlook for next year, several have said.

OUTLOOK '13: Cracker turnarounds dominate Europe olefins
European ethylene and propylene market participants continue to bemoan the lack of visibility and predictability of upstream developments and downstream demand levels but producers do, however, feel assured of a fairly bullish start to 2013 as players prepare for a heavy cracker maintenance slate.

OUTLOOK ‘13: Slow demand growth may weigh on fertilizer markets
Global fertilizer markets have been relatively flat through 2012, which has impacted sales activity and seen prices put under pressure, particularly in the second half of the year.

OUTLOOK '13: Europe naphtha market to stay bearish, oversupplied
The outlook for the European naphtha market remains bleak, with few if any changes expected for 2013.

OUTLOOK ’13: Crude supply stable, but markets set to remain volatile
Crude oil markets are expected to remain volatile into 2013 on continuing tensions in the Middle East and the state of the global economy, but with no real concerns over supply levels.


By: Staff Reporter
+44 20 8652 3214



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