Europe top stories: weekly summary

17 June 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 16 June 2013.

Europe PE buyers face strong pressure to pay more in June
Polyethylene (PE) buyers in Europe are under strong pressure to pay more for material in June as they continue to replenish low stocks, sources agreed on Friday.

Demand in Europe's derivative petchem markets stable to soft
Demand across many derivative petrochemical markets in Europe is currently stable to soft compared with the second quarter in 2012.

April chemicals production falls in the EU and eurozone: Eurostat
April chemicals production in the EU and eurozone fell by 1.6% and 1.8% respectively from the previous month, official data showed on Wednesday.

Unipetrol announces 5-year plan, cautions limited spending power
Unipetrol has announced petrochemical modernisation projects including a new polyethylene (PE) plant in a 2013-2017 five-year strategy but cautioned that its spending ambitions are hindered by a vast retail fuel grey market and high energy prices on the Czech market, the company said on Tuesday.

Europe benzene market driven by demand not supply
The European benzene market is currently being driven by demand as opposed to supply concerns this month, sources said on Monday.

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By: Staff Reporter
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