Europe top stories – weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 8 February 2013

Weak Europe PP demand limiting price hikes as costs soar
Weak polypropylene (PP) demand is limiting the price hikes that producers are targeting in February, market sources said on Friday.

Germany's Wacker posts double-digit Q4 earnings growth
Wacker Chemie reported a double-digit growth in its fourth-quarter 2012 earnings as sales rose marginally to $1.02bn (€755m) from $1.01bn in the same period a year earlier, the German chemical group said on Thursday.

Europe February ethanolamine price ideas mixed
Price ideas for February ethanolamines contracts are mixed, with some sellers pushing for an increase of €20-40/tonne ($27-54/tonne) and others having rolled over their January prices, sources said on Wednesday.

Europe styrene to tighten as benzene lengthens
Following the European styrene barge settlement for February, players are looking ahead in anticipation of further bullishness in the market as availability tightens, sources said on Tuesday.

Europe MMA players expect changes in downward market trend
First-quarter methyl methacrylate (MMA) contracts are expected to settle this week at a decrease, for the third quarter in a row, but a change in market trend is imminent, sources said on Monday.

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By: Staff Reporter
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