Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 28 August.

Oil products prices rebound as stock markets rally on US GDP
Oil products prices have rebounded close to levels seen a week ago and before the global stock market crash took place on Monday, as Brent crude oil futures rally on the back of a recovery in the equity markets, industry sources said on Friday.

Europe PE market nervous as arbitrage still hard to work
European polyethylene (PE) players remain cautious when it comes to buying product from other regions as prices are not as attractive as they need, sources said on Thursday.

Europe naphtha hits fresh 6.5 year low as global growth fears persist
European naphtha prices have hit a fresh six and a half year low as the global stock market rout persists despite China’s move to cut interest rates on Tuesday, market sources and analysts said on Wednesday.

Europe spot benzene hits yearly lows amid global losses
Falling global spot prices and the impact of the slump seen on Asian stock indices have pulled European benzene prices down to a yearly low, sources said on Tuesday, ahead of the upcoming September contract settlement expected early next week

Europe chem stocks fall as markets drop on China economy fears
European chemical stocks fell sharply on Monday as markets reacted to tumbling shares in Asia, triggered by concerns over the slowing Chinese economy.

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