Europe top stories – weekly summary

11 March 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.

Europe PE, PP higher price targets fall short on slow demand
Polyethylene (PE) and polypropylene (PP) price hikes are falling short of targets in Europe as stronger demand fails to materialise for March, sources said on Friday.

LANXESS to temp close Belgium butyl rubber, Texas EPDM
LANXESS plans to temporarily shut down its butyl rubber plant in Belgium and its ethylene-propylene-diene monomer (EPDM) production in Texas, the US, in the coming weeks, to counter current soft demand, the Germany-based specialty chemical producer said on Thursday.

Europe PX contract talks stalled by Asia spot volatility
Ongoing spot market volatility in Asia, combined with no clear March contract price settlement, is hampering European paraxylene (PX) contract discussions, sources said on Wednesday.

Weak demand concern for PE, PP sellers in Europe
Demand for polyethylene (PE) and polypropylene (PP) is causing concern for sellers in Europe, as volumes remain flat in most areas, sources said on Tuesday.

Klesch seeks €310m from Arkema for “gaps” in Kem One sale info
Swiss-based industrial company Klesch Group said on Monday that it is seeking €310m ($402.6m) in compensation from French chemicals major Arkema for “misrepresentations” in the sale of its vinyls business.

Europe MMA market set to face first price rise since September
The European methyl methacrylate (MMA) market is set to face its first price increase since September, as producers have announced their intention to raise March contract prices.

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By: Staff Reporter
+44 20 8652 3214

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