Europe top stories – summary
Franco Capaldo
29-Apr-2013
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 26 April 2013.
Europe May ethylene, propylene CPs fully
established
The European ethylene
and propylene contract price benchmarks for May are now fully
established at €1,165/tonne ($1,513/tonne) and €1,025/tonne
respectively, market sources said on Friday.
Bayer’s HealthCare, CropScience units lift group
Q1 net profit
Bayer’s HealthCare
and CropScience businesses helped lift the Germany-based
chemical major’s first-quarter net profit by 11.5% year on
year to €1.16bn ($1.51bn), the firm said on Thursday.
Balanced availability helps Europe OX resist
softer oil, energy
Limited
availability outside of contractual business has helped keep
European orthoxylene (OX) numbers from falling sharply amid
oil and energy losses, sources said on Wednesday.
Europe PX demand still quiet as
seller margins improve
European paraxylene
(PX) activity remains stifled amid poor downstream demand,
sources said on Tuesday, although the slump in raw material
and energy costs has led to healthy production margins for
suppliers.
Norway’s Yara sees tough year
ahead due to China, energy costs
Norwegian
fertilizer giant Yara International on Monday warned it sees
tougher nitrogen fertilizer market conditions on the horizon
because of a combination of increased competition from China
and higher energy costs.
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