Europe top stories: weekly summary

Source: ICIS News

2018/07/09

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 6 July.

Europe PE producers seek margin recovery for July contracts European polyethylene (PE) producers are seeking margin recovery for July, with concerns throughout the year over the erosion between the ethylene/PE spread.

INEOS to build €2.7bn ethane cracker/PDH unit in northern Europe INEOS will invest €2.7bn in an ethane cracker and propane dehydrogenation (PDH) plant in northern Europe, the company said.

Improved Europe TiO2 supply weakens Q3 sentiment after run of price hikes Improved availability in the European titanium dioxide (TiO2) market has weakened price sentiment for Q3 contracts, with rollovers and double-digit decreases indicated.

Global IPEX for June up 1.70% on rising US and northwest Europe C3 and C4 prices Here are the June IPEX values and details of the major commodity petrochemical and polymer contract and average spot price movements for the month.

Kuwait's PIC closes urea plant permanently Petrochemical Industries Company (PIC) closed its 1.1m tonne/year urea fertilizer plant on 30 June, according to an official at the Kuwaiti producer.

AkzoNobel chloromethanes expansion aims to tap into robust end demand - exec AkzoNobel’s chloromethanes capacity expansion in Frankfurt, Germany, responds to the firm’s convincement that end user demand for that chemical will keep a healthy growth in years ahead, according to an executive at the Specialty Chemicals division.

INEOS expansions, new cracker and PDH all good news for Europe, but there could be casualties First reactions from market players in Europe to the latest INEOS ethylene and propylene announcement have so far been very positive. But when the dust settles, players will be trying to determine the real impacts on their own balances and hoping not to be left behind.

Phosphates prices up on good demand, tight supply and higher feedstock costs International phosphate prices are holding firm and in many instances increasing on the back of healthy demand, tightness and rising feedstock costs.