Europe's top stories: weekly summary

16 December 2013 09:00 Source:ICIS News

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 13 December 2013.

Europe PE, PP buyers under strong Dec price pressure
European polyethylene (PE) and polypropylene (PP) prices are moving up in line with, and sometimes beyond, the €30/tonne ($41/tonne) increase in the December ethylene and propylene contracts, sources said on Friday.

Europe a buyers' market for chems industry M&A: law firm
The European chemicals industry’s shift towards downsizing, as companies seek to focus on their strengths to remain competitive, has created a buyer’s market for mergers and acquisitions (M&A) in the sector, US-headquartered law firm Squire Sanders said on Thursday.

IEA raises 2013 global oil demand growth forecast on strong Q3
The International Energy Agency (IEA) on Wednesday raised its global oil demand growth forecast by 145,000 bbl/day for 2013 on the back of stronger-than-expected data for Europe and the US in the third quarter.

Europe benzene bullishness holds so far in December
A combination of domestic production problems and strong pull for material from the US has helped support European benzene pricing into December, sources said on Tuesday.

Kemira sells Danish acids, caustics distribution business to Brenntag
Finland-headquartered chemicals company Kemira said on Monday that it has sold its Danish hydrochloric acid, sulphuric acid and caustic soda distribution business to Germany-based chemicals distributor Brenntag.

By Staff Reporter