Europe top stories – weekly summary

04 March 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 PE, PP producers target March hikes in weak market
Polyethylene (PE) and polypropylene (PP) buyers in Europe are facing increases in March following €50-55/tonne ($65-71/tonne) hikes in upstream monomer contracts this week, sources said on Friday.

France's Arkema on track to reach 2016 targets - CEO
Arkema’s CEO on Thursday said the French producer is in line to hit its 2016 ambition to become a world leader in specialty chemicals and advanced materials.

Europe benzene market bearish ahead of March contract price
The European benzene market is braced for a decrease on the monthly contract for March, sources said on Wednesday, as falling global prices and a sharp drop in Brent crude futures continue to pull spot numbers down.

BASF’s Q4 net profit falls 13%, higher volumes lift sales
BASF’s fourth-quarter net profit fell 13% year on year to €980m ($1.29bn) after its Chemicals, Performance Products and Agricultural Solutions business segments all reported lower earnings, the German chemicals major said on Tuesday.

Europe toluene market still quiet ahead of March negotiations
The European toluene market remains quiet ahead of March contract negotiations, sources said on Monday, with ongoing illiquidity and a widening range making it difficult to assess where prices should be.

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By: Staff Reporter
+44 20 8652 3214



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