Europe's top stories - weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 14 July 2013.

Swiss EMS Group's H1 net operating income rises 9.3% to Swfr 183m
EMS Group’s first-half net operating income rose 9.3% year on year to Swiss franc (Swfr) 183m (€148m, $193m), boosted by the performance of its High Performance Polymers business, the Switzerland-based producer said on Friday.

Europe naphtha rebounds on gasoline demand, firm crude
European naphtha prices have rebounded from months of persistent low values and may soon cross the $900/tonne mark on improved gasoline demand and firm crude oil values, industry sources said on Thursday.

World oil demand in 2014 to be 1.2% higher than 2013, says OPEC
World oil demand in 2014 is projected to grow at a higher rate than in 2013, rising by 1.0m bbl/day, or 1.2%, from 2013 levels to average around 90.7m bbl/day, OPEC said in its monthly oil market report for July.

Europe PP production problems lead to force majeure: sources
Polypropylene (PP) production issues in Europe have led to cases of force majeure, according to industry sources on Tuesday, but there has been no great impact on pricing so far.

Europe July PX contract price confirmed at €1,100/tonne
The July European paraxylene (PX) contract has been fully agreed at €1,100/tonne ($1,410/tonne), up €8/tonne from the previous month, as the initial settlement received further support from players on Monday.

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By: Staff Reporter
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