Europe top stories - summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 26 April 2013.

Europe May ethylene, propylene CPs fully established
The European ethylene and propylene contract price benchmarks for May are now fully established at €1,165/tonne ($1,513/tonne) and €1,025/tonne respectively, market sources said on Friday.

Bayer’s HealthCare, CropScience units lift group Q1 net profit
Bayer’s HealthCare and CropScience businesses helped lift the Germany-based chemical major’s first-quarter net profit by 11.5% year on year to €1.16bn ($1.51bn), the firm said on Thursday.

Balanced availability helps Europe OX resist softer oil, energy
Limited availability outside of contractual business has helped keep European orthoxylene (OX) numbers from falling sharply amid oil and energy losses, sources said on Wednesday.

Europe PX demand still quiet as seller margins improve
European paraxylene (PX) activity remains stifled amid poor downstream demand, sources said on Tuesday, although the slump in raw material and energy costs has led to healthy production margins for suppliers.

Norway's Yara sees tough year ahead due to China, energy costs
Norwegian fertilizer giant Yara International on Monday warned it sees tougher nitrogen fertilizer market conditions on the horizon because of a combination of increased competition from China and higher energy costs.

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By: Franco Capaldo
+44 (0)20 8652 3214

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