LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 3 May.
Freight rates spike again, nudging Europe PET
buyers back home
Shipping costs may be making European
polyethylene terephthalate (PET) imports
prohibitively expensive, giving domestic
sellers an opportunity to individually lift
prices.
Eurozone manufacturing activity dips again in
April as order momentum fades
Eurozone industrial sector momentum sank
further into contraction territory in April, to
hit a four-month low as new orders declined by
the sharpest rate seen in 2024.
Legal confusion limits Europe's pyrolysis oil
trade as tyre-derived price fall
Europe's tyre-derived pyrolysis oil spot prices
fell this week following discussions of
increased availability as pilot plants continue
to scale, coupled with pressure from low-priced
offers from overseas – particularly Asia.
Europe May benzene contract drops in weaker
market
The Europe benzene May contract price has
settled at €1,117/tonne, down by €151/tonne
from April and snapping an uptrend
that began in January.
European polyols market bearish as demand
pressures continue
Demand for polyols in the European market
remains under pressure, as major end sectors
are facing difficulties, however there are
different views for consumption going into May.