Europe top stories – weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 15 February 2013

Europe naphtha market tightness still expected to persist
The robustness and tight conditions seen recently in the European naphtha market are still expected to persist during the coming weeks, sources said this week.

Europe PE spot prices dip, monthly buyers aim for rollover
Polyethylene (PE) spot prices have fallen by a few euros as some sellers drop offers to encourage buying, and monthly buyers target rollovers for contracted business, in spite of earlier announcements of increases from producers, sources said on Thursday.

France’s Total asset sales to hit $15bn by the end of 2013
Total’s asset sales will reach $15bn (€11bn) by the end of 2013, amid ongoing restructuring of its refining and chemicals segment, the French energy firm said on Wednesday.

Europe Feb acrylates to roll over or rise on margin recovery
Most European February acrylic acid (AA) and acrylate esters contracts are so far rolling over and increasing slightly, largely in an attempt to restore margins, sources said on Tuesday.

Europe toluene direction unclear ahead of US driving season
The European toluene market continues to struggle with illiquidity, sources said on Monday, while it remains unclear whether the upcoming US driving season will spur any extra demand.

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By: Staff Reporter
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