Europe’s top stories: weekly summary

26 August 2013 09:00 Source:ICIS News

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 23 August 2013.

Europe PE, PP sellers prepare market for more hikes in Sept
Polyethylene (PE) and polypropylene (PP) suppliers in Europe are preparing their buyers for price increases in September – following €40-60/tonne hikes in August – even before many PE settlements are finalised, sources said on Friday.

Europe naphtha traders hopeful of bullish September
The European naphtha cargo market may have seen very few trades over the past few days, but there are high hopes the current bullish sentiment will extend into September on the prospect of tightening supply, industry sources said this week.

Austria's OMV in negotiations to divest Bayernoil stake
Austria's OMV is in negotiations with potential buyers of its 45% stake in the Bayernoil refining network, the oil, gas and petrochemicals group said on Wednesday.

EU construction output in June increases by 0.8%
EU construction output levels rose by 0.8% in June compared to the previous month, data agency Eurostat said on Tuesday.

Europe styrene direction unclear for September
The outlook for the European styrene market ahead of September is mixed, players said on Monday, with ongoing bullish sentiment in Asia likely to play a key role in domestic price direction.

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By Staff Reporter