Europe top stories: weekly summary
ICIS Editorial
08-Jan-2018
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 5 January.
Eurozone manufacturing
PMI hits record high in December
The eurozone manufacturing purchasing managers’
index (PMI) ended 2017 at a “series-record
high”, according to IHS Markit, with a score of
60.6 recorded in December, in line with an
earlier flash estimate.
OUTLOOK ’18: Europe PX,
OX derivative markets keen for prompt,
definitive contract settlements
European paraxylene (PX) and orthoxylene (OX)
derivative markets are hoping that 2018 will
see the return of more prompt and definitive
contract settlements in the feedstock markets.
Outlook ’18: Olefins
players optimistic on Europe’s chances in spite
of new US capacities
Players in the European ethylene and propylene
markets are optimistic for 2018, although
sources admit that the challenges that were
expected but not completely realised in the
second half of 2017, could finally come into
play this year.
OUTLOOK ’18: European
ABS, SAN markets brace for volatile upstream
costs, demand healthy
European acrylonitrile-butadiene-styrene (ABS)
and styrene-acrylonitrile (SAN) market players
expect stable growth but potentially volatile
pricing for 2018, with raw materials set to
continue influencing prices throughout the
year.
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