Europe’s top stories: weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 11 October 2013.

Europe PE, PP demand hit by expectations of lower Nov prices
Polyethylene (PE) and polypropylene (PP) demand in Europe is being affected by expectations of lower November monomer contracts, and consequently lower polymer prices,  sources said on Friday.

Europe Oct OX contract price confirmed at €1,040/tonne
The European October orthoxylene (OX) contract has settled at €1,040/tonne ($1,405/tonne), a €10/tonne reduction from the previous month, as the initial settlement received further support from players on Thursday.

EPCA '2013: Turkey’s Bayegan sees good business growth
Petrochemical business is growing despite adverse geopolitical circumstances in the Middle East, with Turkey attracting investments from Europe and neighbouring countries, a senior industry executive said on Wednesday.

EPCA ’13: VAM players expect limited impact from INEOS closure
Several participants in the vinyl acetate monomer (VAM) market expect the closure of INEOS’s Hull VAM plant to have only a limited impact on the European market.

EPCA '13: SABIC look to make a decision on US cracker in 2014
Saudi Arabian petrochemicals major SABIC will make a decision on developing a new cracker in the US by the end of 2014, company vice chairman and CEO Mohamed Al-Mady, said on Monday.

EPCA '13: European petchems competitiveness exposed at EPCA
Performance and competitiveness are the critical issues forming the backdrop to the 47th European petrochemical Association (EPCA) meeting which began on 6 October.

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By: Staff Reporter
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