Europe top stories: weekly summary
ICIS Editorial
29-Apr-2024
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 26 April.
Europe TiO2 sees upside
for Q2 on margins and improved buying
Price rises are gaining traction for Europe
titanium dioxide (TiO2) contracts in Q2. This
is due to margin recovery needs, renewed buying
activity in Q1 and as uncertainty surrounding
the EU anti-dumping case against Chinese TiO2
imports looms large.
BASF
Q1 net income drops, maintains full-year
guidance
Lower pricing across most business divisions
drove a 12.4% drop in BASF’s first-quarter net
income year on year, with the chemicals major
maintaining full-year guidance as sector demand
shows early signs of recovery.
Europe April nylon 6
contract price rise on supply tightness,
upstream pressures
European April nylon 6 contract prices have
risen from March, pressured by tight supply in
parts of the market and further increases to
the feedstock costs.
Eurozone April private
sector activity momentum accelerates despite
weaker
manufacturing
Eurozone private sector activity continued to
thaw in April, moving further into growth
territory as a resurgent service sector offset
a manufacturing industry sinking deeper into
contraction.
IPEX:
Global spot index little changed as firmer
Asian prices offset falls in Europe, US
Gulf
The global spot ICIS Petrochemical Index (IPEX)
was little changed in the week, as slightly
firmer prices in northeast Asia offset lower
values in northwest Europe and the US Gulf.