Europe top stories – weekly summary

04 February 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 1 February 2013

Europe propylene shortage continues to drive imports
A 3,000 tonne polymer grade propylene cargo has been fixed to Europe from the US as a result of the unexpected outage at Naptachimie’s cracker in Lavera, France, market sources said on Friday.

Europe PET customers faced with relentless price increases
European polyethylene terephthalate (PET) customers are faced with higher prices for prompt material, as sellers attempt to improve dire margins, sources said on Thursday.

Europe Feb benzene CP expected to soften with spot values
European benzene prices have started to rally ahead of the February contract settlement expected later this week, sources said on Tuesday, but a large decrease is expected nonetheless.

Weakening Europe naphtha crack spread defies robust market
A softening of the European naphtha crack spread makes little sense considering stronger market fundamentals, market participants said on Tuesday morning.

Europe styrene to tighten but pricing will depend on benzene
Numerous scheduled turnarounds in March and April are expected to tighten the European styrene market, sources said on Monday, but it remains unclear whether this will translate into soaring spot prices.

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By: Staff Reporter
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