Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 12  April.

Europe PP spot soars above contracted prices in April
Polypropylene (PP) spot prices in Europe have reached levels well above those in contracts in April in many cases, sources said on Friday.

Europe PE buyers watch for arbitrage openings in tight market
Polyethylene (PE) buyers are watching the market closely for the possibility of arbitrage opportunities to relieve the tight supply in Europe at present, sources said on Thursday, but little relief is expected in April.

Shell agrees $70bn deal for UK gas producer BG Group
Anglo-Dutch energy major Shell on Wednesday said that it has agreed to fully acquire UK-based oil and gas exploration firm BG Group in a cash and share deal worth £47bn ($70.1bn).

Eurozone chemical price decline continues, down 1.2% in Feb: Eurostat
Chemical producer prices continued a downward trend in the eurozone in February with a fall of 1.2% month on month, while prices in the EU fell by 1.1%, on the back of lower crude oil values, European statistics agency Eurostat said on Tuesday.

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