Europe top stories – weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 18 January 2013.

INEOS ChlorVinyls to stop production at three plants in UK, Germany
INEOS ChlorVinyls will discontinue production at three plants in the UK and Germany due to difficult economic conditions, it said on Thursday.

Solvay plans to deal with oversupplied Europe PVC market
Belgian group Solvay is planning to take action to deal with overcapacity and poor market conditions in Europe’s polyvinyl chloride (PVC) market but has ruled out a quick sale of its assets.

Naphtachimie Lavera cracker issues could last for 12 months – sources
Naphtachimie’s cracker at Lavera in the south of France may not run at full rates for up to 12 months following a fire at one of the unit’s main compressors, market sources said on Wednesday.

Europe styrene falters in January but Q1 outlook still bullish
European styrene prices have faltered so far in January on soft demand and upstream bearishness, but looking ahead the market is expected to firm, sources said on Tuesday.

Europe toluene direction unclear in illiquid market
The European toluene market remains illiquid in January, sources said on Monday, with values tough to gauge amid volatile oil price movements and a bearish outlook on demand for the first quarter of 2013 among end users.

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By: Staff Reporter
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