Europe top stories - summary

06 May 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 3 May 2013.

'Surprising' Asian appetite supports Europe naphtha market
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.

DSM 's Q1 profit down 18% on lower polymer intermediates
DSM’s first-quarter net profit fell 18% year on year to €119m ($157m) despite higher sales, as earnings from its polymer intermediates segment slumped 58%, the Dutch chemicals firm said on Thursday.

Huntsman's Dutch MDI back on line at reduced rates, FM remains
US-based Huntsman’s methyl di-p-phenylene isocyanate (MDI) operations at Rozenburg, Netherlands are running again, but at reduced rates as a result of ongoing upstream and downstream constraints, and a force majeure remaining in place on certain MDI grades, a company source said on Wednesday.

Swiss Clariant Q1 net profit nearly triples, sales inch up 1%
Clariant nearly tripled its first-quarter net profit to Swiss franc (Swfr) 50m ($$53m, €40m), with sales rising 1% from the previous corresponding period, the Switzerland-headquartered chemicals firm said on Tuesday.

Europe toluene market quiet ahead of May contract discussions
The European toluene market remains subdued ahead of May, with April proving to be another quiet month outside of contractual business, sources said on Monday.

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By: Staff Reporter
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