Europe top stories – weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 25 January 2013

High propylene spot prices unsettling downstream PP market

High propylene spot prices are unsettling the downstream polypropylene (PP) market in Europe this month as the possibility of an increase in the February monomer contract looms, sources said on Friday.

UK PE buyers could face Feb price pressure on exchange rate
UK polyethylene (PE) buyers could face an upward price adjustment in February, as the pound-euro exchange rate has changed significantly over the past couple of weeks, leading to lower prices in the UK than in mainland Europe, sources said on Thursday.

Europe benzene market lacks direction amid global softening
European benzene players are struggling to find direction in the market so far in 2013, sources said on Wednesday, as lukewarm derivative demand and global price volatility keep activity subdued.

Europe OX demand fails to ignite; supply outlook unclear
European orthoxylene (OX) demand has so far failed to show any significant signs of recovery in 2013, sources said on Tuesday, but there are some concerns surrounding availability on the horizon.

BASF crosses finish line for Pronova takeover
BASF is to take over Norway-based omega-3 manufacturer Pronova BioPharma, after securing the required approval of over 90% of the company’s shareholders, the Germany-headquartered chemicals giant said on Monday.

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By: Staff Reporter
+44 20 8652 3214

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