Europe’s top stories: weekly summary

07 October 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 6 October 2013.

INEOS writes down value of Grangemouth petchems assets to zero
INEOS has been forced to write down the value of its Grangemouth petrochemical assets in the UK to “nil value” because of repeated annual losses, the Swiss-headquartered producer said on Friday.

Europe PE, PP prices softer, demand slow
Spot sellers of polyethylene (PE) and polypropylene (PP) are concerned over the low level of demand and falling prices in Europe this week, while producers are more confident, several said on Thursday.

October ICIS Petrochemical Index advances on steady growth
A month of steady increases in chemical prices pushed the ICIS Petrochemical Index (IPEX) up by 3.0% this month, from a revised September figure of 318.29*.

European Bioplastics urges EC to ban or tax plastic shopping bags
Oil-based plastic shopping bags should be banned or taxed, according to a position paper released by trade association European Bioplastics on Tuesday.

Europe PE, PP buyers expect lower October prices
Polyethylene (PE) and polypropylene (PP) players in Europe are expecting lower prices in October after monomer contracts were agreed at a decrease, sources said on Monday.

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By: Staff Reporter
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