Europe's top stories - weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 7 July 2013.

Increasingly weak BD could impact on Europe cracker rates
An increasingly weak European butadiene (BD) market is leading some to question whether refiners could restrict or even reduce cracker rates as BD sellers are faced with rising supplies and ever-weakening spot prices, some market sources said on Friday.

Europe July PE, PP buyers react with caution to producer hikes
Polyethylene (PE) and polypropylene (PP) buyers are reacting with extreme caution to price hikes proposed by producers for July business, sources said on Thursday.

DSM's shares rise after speculation it may exit capro business
Shares in petrochemical major DSM rose on Wednesday following speculation that the Dutch specialty materials producer is considering an exit from the caprolactam (capro) market.

EU chems production down 3.9% in April on petchems, polymers fall
A steep fall in petrochemical and polymer output helped push EU chemicals production down by 3.9% year on year in April, trade group Cefic said on Tuesday.

Europe July benzene CP confirmed at €978/t amid global weakness
The European July benzene contract has been confirmed at €978/tonne, down €67/tonne from the previous month, as the initial settlement received further support from players on Monday.

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By: Staff Reporter
+44 20 8652 3214

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