Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 12 July.

Europe oxo-alcohols trundle through July amid hopes of post-summer revival
European oxo-alcohol players are bracing themselves the for the summer season and pinning hopes on a degree of revival in demand in September.

INEOS to build flagship 750,000 tonne/year cumene plant in Marl, Germany
INEOS is to develop a 750,000 tonne/year cumene plant in Marl, Germany, to be completed in 2021, the Switzerland-headquartered chemicals producer said on Thursday.

BASF profit warning signals major chemicals slowdown in second half
BASF’s profit warning signals a major slowdown for the petrochemicals sector globally into the second half of the year.

BASF’s stock down as sharply weaker guidance hints at ‘more pain’ ahead
BASF shares were trading down on Tuesday morning after the German chemical major’s core business suffered “sharply weaker than expected” trading conditions in the second quarter, chemicals analysts said

Europe naphtha, LPG cracker margins fall on lower July contracts
European cracker margins have fallen week on week on the back of declines in the relevant July contract reference prices, according to ICIS margin analysis on Monday.