LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 20 April.
Europe caustic market
braces for tightness as Russian firm seeks
European caustic soda spot prices on a free on board (FOB) basis remain flat but US sanctions on Russian producer Rusal could tighten the market, according to sources.
Falling sales, US trade
war, Syria weigh on Germany investor
Investor confidence in Germany continued to slump in April as a result of falling domestic economic indicators, international trade conflicts for the US and the potential for escalating conflict in Syria, research group ZEW said.
Europe nylon 6,6
tightness worsens despite upstream ADN supply
The European nylon 6,6 supply has continued to tighten this week despite improving supply in the upstream adiponitrile (ADN) market, sources said.
Europe BDO Q2 contracts
agreed stable to firm so far, talks near
The European butanediol (BDO) market discussions for the second quarter are still ongoing but some agreements have started to filter through at stable-to-firm levels, sources said.
Europe MEG spot prices
play catch up after steep Asia gains
European monoethylene glycol (MEG) spot prices are playing catch up to the recent price surges in the Asia market, sources said.
Turkey's Kazan Soda plant
producing 6,000 tonnes/day, but full capacity
delayed to June
Kazan Soda Elektrik’s new soda ash plant is currently producing around 6,000 tonnes/day, an official at the Turkish producer said, although full production capacity has now been further delayed until June.
continues to drive global methanol market,
India a growing player - IGP chief
China continues to be the key market for methanol producers, but India is growing in prominence as a consumer, according to the managing director of producer IGP Methanol.
Aramco Trading April sulphur posted price falls
Saudi Aramco Trading’s April sulphur posted price is understood to have been announced at $122/tonne FOB (free on board), a fall of $13/tonne compared with March
European winter weighs on Yara Q1
Yara’s first-quarter net income dropped 42% year on year to $116m as a result of the protracted European winter delaying the planting season and increasing production costs, the Norway-headquartered fertilizer specialist said.
potash hits new high as tight availability
Southeast Asian standard-grade muriate of potash (MOP) prices hit a new high this week, as hefty freight costs and tight availability pushed offers up, leaving buyers scrambling for what little volume was available.
Turkish snap election may
provide short-term benefit to polymers, but
Turkish president Tayyip Erdogan has announced the surprise, yet not totally unexpected, decision to move presidential elections from November 2019 to June of this year.