Europe top stories: weekly summary

01 July 2013 09:00  [Source: ICIS news]

EU commercial vehicle registrations fall 7.4% in May, ACEA says
New registrations for commercial vehicles in the EU resumed their shift downward in May, falling by 7.4% year on year, according to data from the European Automobile Manufacturers’ Association (ACEA) on Friday.

Second seller confirms July ethylene CP at €1,170/tonne
A second major producer has confirmed agreement of the European ethylene contract price for July at a rollover of €1,170/tonne ($1,519/tonne), thereby establishing it as the new reference benchmark, it said on Thursday.

AkzoNobel to divest German professional decorative paints stores
AkzoNobel is planning to divest its decorative paints stores for professionals in Germany to independent wholesale distributors, the Netherlands-based coatings major said on Wednesday.

Europe spot benzene moves down ahead of July CP
European benzene spot prices have started to edge downward this week ahead of the monthly contract for July, which is expected to be settled on Friday 28 June, amid global bearishness and macroeconomic uncertainty, sources said on Tuesday.

Europe PE, PP buyers hopeful for relief in July
Polyethylene (PE) and polypropylene (PP) buyers in Europe are becoming hopeful of relief in the form of stable or even lower prices in July following a fall in crude and naphtha numbers, several said on Monday.

By: Staff Reporter
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