Europe top stories – weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 22 February 2013

Owners of Germany's Evonik revive plans for IPO
Evonik's owners on Friday announced they will revive preparations for a planned listing of the Germany-based specialty chemicals company’s shares on the Frankfurt Stock Exchange.

Europe PP spot prices down amid rising feedstock costs
Polypropylene (PP) spot prices have been offered at lower levels in Europe this week, in spite of rising costs and speculation over the upcoming March propylene contract, but by Thursday there were signs that the situation was changing, sources said.

AkzoNobel’s performance coatings helps narrow Q4 net loss
AkzoNobel reduced its fourth-quarter net loss to €59m ($79m) from a loss of €68m in the same period a year earlier, partly buoyed by higher earnings at its performance coatings business, the Netherlands-headquartered chemicals major said on Wednesday.

Europe PX market struggles with Asian bullishness in Q1
Continued price increases in line with Asia, despite weak domestic demand, have left many in the European paraxylene (PX) market frustrated, sources said on Tuesday.

Europe styrene in sharp contango ahead of March turnarounds
The European styrene market has moved into a sharp contango ahead of March, players said on Monday, with several planned turnarounds predicted to curtail domestic availability.

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By: Staff Reporter
+44 20 8652 3214



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