Europe’s top stories: weekly summary

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

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 15 November 2013.

Europe PP speculative buyers find no joy in November
Polypropylene (PP) buyers coming to the market in Europe bottom-picking for low-priced offers in November are being disappointed, players said on Friday.

IEA raises global oil demand growth forecast for 2013, 2014
The International Energy Agency (IEA) raised its global oil demand growth forecasts for 2013 and 2014 on Thursday but said US and China are likely to face considerable uncertainties next year.

Europe PE cutbacks lead to tight market
Polyethylene (PE) cutbacks in Europe are leading to tightness in some grades and the closing of order books, sources said on Wednesday.

Germany’s LANXESS narrows 2013 guidance after Q3 profit fall
German specialty chemicals maker LANXESS on Tuesday narrowed its pre-exceptional earnings before interest, tax, depreciation and amortisation (EBITDA) guidance range for the full year, citing a challenging market environment.

November IPEX at seven-month high on Asia price improvement
Boosted by an Asian price improvement, the November ICIS Petrochemical Index (IPEX) has moved to a seven-month high as it recorded a 0.5% rise on the revised October figure of 329.59.

By: Staff Reporter
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