Europe’s top stories: weekly summary

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

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

Europe polymer producers eye increases for August
Polyethylene (PE) and polypropylene (PP) producers in Europe have higher prices in mind for August even before monomer contracts are settled, sources said on Friday.

Germany’s BASF Q2 net profit falls 4.2%, sales rise 2.9%
BASF maintains its earnings target for 2013 but expects it to be more difficult to achieve, the company said on Thursday after reporting a drop in profits for the second quarter.

Europe PP buyers look to August propylene for price direction
European polypropylene (PP) buyers are waiting for the settlement of the upstream August propylene contract to give direction to PP pricing next month, market sources said on Wednesday.

UK Croda’s Q2 operating profit rises 4.4%, sales up 2.3%
Croda International’s second-quarter operating profit from continuing operations rose by 4.4% year on year to £71.1m ($109.4m, €82.7m) on the back of “improving trends in key markets”, the UK-based specialty chemicals company said on Tuesday.

Europe styrene soars as benzene drops to yearly low
Continued spot bullishness in the European styrene market is keeping activity subdued, sources said on Monday, with buyers reluctant to step into the market.

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By: Staff Reporter
+44 20 8652 3214

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