Europe top stories - summary

22 April 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 19 April 2013.

SABIC to shut PP lines in Germany, PPO asset in the Netherlands
SABIC will shut down assets in Bergen op Zoom, the Netherlands, and Gelsenkirchen, Germany, as part as part of a previously announced restructuring programme which will see 1,050 jobs cut, the Saudi Arabian petrochemical major said on Friday.

SABIC to restructure Europe operations, plans 1,050 job cuts
Saudi Arabian petrochemical major SABIC on Thursday announced plans to cut approximately 1,050 positions, as part of a restructuring programme designed to strengthen its European businesses.

Europe benzene spot price firmer despite weak fundamentals
European benzene spot price sentiment remains bullish despite ongoing losses on crude and energy futures this week, sources said on Wednesday.

Europe benzene sentiment strong while styrene moves lower
Strong forward sentiment amid cracker turnarounds is keeping European benzene levels steady-to-firm, sources said on Tuesday, despite heavy losses on crude and energy futures this week.

Chemical pricing strong in Q1 – analyst Bernstein
Chemical pricing in the US and Europe has remained strong through the first quarter of the year, although costs are rising for European specialty chemical producers, US financial analyst Bernstein Research said on Monday.

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By: Staff Reporter
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