Europe top stories: weekly summary

Source: ICIS News

2017/10/02

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 1 October.

Europe PE spot prices trading in very wide spreadSpot polyethylene (PE) prices are trading in a very wide price spread in some grades, sources said on Friday.

Poland’s Ciech starts imports, sales of Iranian polyolefinsPoland’s CIECH Group said on Thursday it has started importing and selling Iranian polyolefins.

Big drop expected for Europe styrene market prices in October contractEuropean styrene market players are preparing for the 51st European Petrochemical Association (EPCA) annual meeting in Berlin this weekend, while waiting for the outcome of October contract price negotiations on Friday, sources said on Thursday.

EU chemical industry Reach fears were unfounded - Spain’s FEIQUEEuropean chemical companies and trade groups alike were wrong about the potential negative consequences that the EU’s chemical regulation Reach could have in the industry, the director general at Spain’s trade group FEIQUE said on Wednesday.

INSIGHT: Unprecedented Europe CX dynamics persist as supply issues buffet marketTightness in the European cyclohexane (CX) market has led to an upwards trend in quarterly contract prices this year. CX delta contract prices have fluctuated for four years, with periods of tightness and plentiful supply being reflected in yearly pricing trends.

Europe Oct butadiene contract higher than expected for someThe 16% increase in the European butadiene (BD) contract reference price for October was a bit higher than expected, according to some market participants on Tuesday.

Euro lower on German election, chemicals fear political instabilityThe lower-than-expected result obtained by German Chancellor Angela Merkel’s party in Sunday's general election in Germany, along with the rise of the far-right, pushed the euro lower on Monday trading, as the necessary coalition talks to form a stable government may prove tedious.

EU regulator pleads again for chemical firms to 'proactively' engage - ECHA chiefThe EU’s chemical regulator has asked chemical companies yet again to “proactively” engage with the substances registration process and updates of already registered chemicals before it “takes a decision” on those firms ignoring the Reach regulation requirements, according to the executive director at the European Chemicals Agency (ECHA).

(Please click the link to read the full story)