Europe’s top stories: weekly summary

04 November 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 1 November 2013.

Europe K 2013 mood positive but PE, PP buying still cautious
Polyethylene (PE) and polypropylene (PP) players have been pleasantly surprised by the positive atmosphere of the 2013 K fair that ended in Dusseldorf, Germany, last week, several said on Friday, but buying remains cautious as future pricing is unclear.

Healthcare, crop treatment drives rise in Bayer Q3 net profit
Strong healthcare and agriculture sector earnings helped to drive a 42.1% rise in third-quarter net profit for Bayer to €733m ($1bn), despite flat sales for its polymers and performance plastics division, the Germany-based chemicals producer said on Thursday.

Switzerland’s Clariant swings to Q3 net loss as sales fall
Clariant has swung to a net loss of Swiss francs (Swfr) 204m in the third quarter from a net profit of Swfr47m in the same period last year, on lower sales, the Switzerland-headquartered chemicals firm said on Wednesday.

Germany's Kiel Canal to stay closed until Wednesday - crash
Germany's Kiel Canal – the world's busiest artificial waterway – will remain completely closed until late Wednesday morning at the earliest as salvage experts attempt to save a listing fertilizer carrier badly damaged in a late-night collision, a local safety official told ICIS on Tuesday afternoon.

Europe toluene players braced for November contract decrease
The European toluene market is braced for a decrease on November contracts, sources said on Monday, amid global bearishness and weak pricing across the aromatics complex in general.

By: Staff Reporter
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