Europe top stories: weekly summary

12 September 2016 09:00 Source:ICIS News

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 11 September.

Turkish PP, PE prices stable pre-Eid but bullish sentiment emerging
The majority of prices in the Turkish polypropylene (PP) and polyethylene (PE) market were unchanged ahead of the Eid al Adha holiday, though there was a small increase in the number of enquiries and sentiment turned more bullish for the second half of the month, according to sources.

Climate change offers Europe a chance to revive chems - Cefic DG
The industrial base in Europe will look completely different by 2050 if the EU is to meet the Paris climate change targets and the chemical industry, together with public investment, will be a key sector to fulfil those targets, the director general (DG) at the European Chemical Industry Council (Cefic) said this week.

Global IBAP hits three-month high in August as raw material costs rise
The global ICIS Basket of Automotive Petrochemicals (IBAP) hit a three month high August, suggesting that raw material costs for automotive production from petrochemicals are rising, ICIS analysis showed on Thursday.

Europe SBR September contracts rise on feedstocks
European styrene butadiene rubber (SBR) September contract prices settled at rollovers to small increases, depending on account, because of the upward butadiene (BD) September contract settlement, sources said on Wednesday.

Europe spot benzene dips, players watch US
European benzene spot numbers eased slightly this week, sources said Wednesday, but a strong US market is likely to limit any significant drop in pricing.

ICIS Top 100 Chemical Companies revealed
ICIS Chemical Business magazine has unveiled its annual ICIS Top 100 Chemical Companies, a global listing of producers ranked by 2015 sales.

Outages help drive US prices and global IPEX higher in August
Higher petrochemical and polymer prices in the US in August were sufficient to lift the global ICIS petrochemical Index (IPEX) for the month by 0.7%.

European PE, PP players watch as Hanjin seeks bankruptcy protection
Polyethylene (PE) and polypropylene (PP) players in Europe are watching events surrounding the failure of South Korean shipping major Hanjin, several said on Monday.       

Europe naphtha spot and contract cracker margins rise above LPG
European spot and contract cracker margins based on naphtha feedstock have risen considerably week on week, according to ICIS margin analysis on Monday.

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By Staff Reporter