Europe top stories - summary

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

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

Europe MEG May contract price fully confirmed at €965/tonne
The European monoethylene glycol (MEG) May contract price has been fully confirmed at €965/tonne (1,253/tonne), down €55/tonne from April, buyers and sellers said on Friday.

Europe PE spot prices surge on tight supply
European polyethylene (PE) spot prices are increasing sharply, with some grades rising particularly quickly as availability tightens following production cutbacks, sources said on Thursday.

Bank cuts Poland’s Grupa Azoty to ‘hold’ on chem, ferts prospects
Raiffeisen Centrobank (RCB) on Wednesday cut its recommendation on the stock of newly consolidated Polish chemical group Grupa Azoty from a ‘buy’ rating to ‘hold’, citing a lack of expected improvement in chemical and fertilizer markets.

Bioplastics on brink of revolution, says trade association chairman
The bioplastics industry is set for a revolution in terms of the awareness of it and the use of its products, the new chairman of the European Bioplastics trade association said on Tuesday.

Europe car sales trough may have passed for SBR makers - bank
Styrene butadiene rubber (SBR) producers have some reason to hope the bottom may have been reached in European car sales, but should expect any subsequent recovery in tyre sales to be a drawn-out process, an investment bank said on Monday.

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By: Staff Reporter
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