Europe top stories: weekly summary

06 January 2014 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the period running from 27 December 2013 to 23 January 2014.

Europe PP buyers under pressure to pay more in January
Polypropylene (PP) buyers in Europe are facing price increases again in January, following a €30/tonne ($41/tonne) hike in December pricing and a €20/tonne increase in the January propylene contract price, several said on Friday.

OUTLOOK ’14: Slow recovery expected for EU chemicals
Chemicals output could improve more strongly this year following a difficult 2013 for some parts of the industry, but the path back to growth has not been, and will not be, easy.

Europe Jan benzene contract price confirmed at €994/tonne
The European benzene settlement for January has been confirmed at €994/tonne, up €37/tonne from the previous month, as the initial settlement received further support from players on Tuesday.

OUTLOOK '14: Streamlining, affordability to drive Europe M&AEurope is recovering. After years of forecasts that the region’s economy may have bottomed out, there is evidence that green shoots are slowly pushing through the compacted muck of years of economic malaise. “Slow” is the operative word, and this is a huge stumbling block for the European chemical industry’s recovery.

OUTLOOK ’14: Europe BD players cautiously positive for year ahead
European butadiene (BD) players are, on the whole, cautiously optimistic for the year ahead but no-one is expecting any major fundamental shifts.

(Please click on the links to read the full text)

By: Staff Reporter
+44 20 8652 3214

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