Europe top stories – weekly summary

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

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

BD players eye reverse arb options on weak Asia, tight Europe
Ongoing weakness in the Asian butadiene (BD) market as European supply tightens is leading some traders to explore import possibilities, market sources said on Friday.

LANXESS predicts weaker 2013 as global demand remains sluggish
Germany-based specialty chemicals manufacturer LANXESS predicted on Thursday that its earnings for 2013 are likely to be below the levels seen in 2012, with demand remaining depressed during the first quarter of the year.

Europe styrene market stagnant amid benzene bearishness
Bearish benzene sentiment and slower than expected demand ahead of the second quarter continue to weigh down on the European styrene market, sources said on Wednesday.

European OX sentiment firmer despite construction lull
Sentiment in the European orthoxylene (OX) market remains good as the second quarter approaches, sources said on Tuesday, despite the the construction sector underperforming so far this year and bearishness in the upstream oil and energy markets.

Turkish PE PP demand slow, offer volume increases
Polyethylene (PE) demand in Turkey is low, at a time when the volume of offers from various regions has increased and global demand has taken a hit, sources said on Monday.

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By: Staff Reporter
+44 20 8652 3214

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