Europe top stories: weekly summary
ICIS Editorial
27-May-2024
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 24 May.
Brenntag CEO says Europe
must play to its strengths
Europe’s chemical sector is seeing a wave of
commodity production closures, which is likely
to accelerate as the region is suffering from
structurally higher energy costs and depressed
margins since it lost access to cheap Russian
gas.
Europe epoxy sentiment
stable, Asia imports may face EU antidumping
claim
Europe epoxy resins prices have been mainly
agreed with rollovers for May so far, in spite
of a drop in feedstock costs this month.
Speculation is also growing over EU
anti-dumping claims against Asian imports.
Europe naphtha and
gasoline prices firm on improved liquidity,
summer optimism
Liquidity in Europe’s naphtha and gasoline
markets improved in the week to 17 May as
stable-to-soft prices encouraged buying
appetite, just as the market is gearing up for
an uptick in demand ahead of the summer
holidays.
Europe PE, PP contract
prices down beyond monomer for May
Europe’s polyethylene (PE) and polypropylene
(PP) freely negotiated prices for May are down,
with variance by grade
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