Europe top stories: weekly summary

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

Signs of Europe PET prices bottoming out amid August falls
European polyethylene terephthalate (PET) August domestic prices decreased from July to August because of poor sales and falling production costs, but the market may be bottoming out, sources said on Friday

Borealis’ Borouge to tap into China transport, building demand – CEO
China’s lower growth rates will not affect Borealis’ high grade polymers sales in the country as electrification in transport and the construction sector continue to expand, the CEO of Austrian polymers and fertilizers producer Borealis said this week. 

Europe PP buyers watch propylene eagerly as September looms
Polypropylene (PP) buyers in Europe are keeping a close eye on propylene as monthly September monomer talks approach, sources said on Wednesday.

Europe downstream chemicals sentiment weakens – August CMCI
Confidence in the European downstream chemicals sector was weaker this month with falls for almost all the indicators from July, analysis of the August ICIS Chemical Market Confidence Index (CMCI) showed on Tuesday.

Europe styrene spot prices edge higher into September
Despite some regional length, there has been a slight rallying on prices in the European styrene market as August draws to a close, sources said on Monday.

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