Europe top stories: weekly summary

Author: ICIS Editorial

2019/12/02

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 29 November.

Two-tier HDPE spot market develops in Europe as US imports dominate
A two- and even three-tier market is becoming established in the high density polyethylene (HDPE) market in Europe as US material from new capacities is offered on a widespread basis.

TPC Port Neches explosion sends ripples through global BD markets
A series of explosions that ripped through TPC Group’s Port Neches, Texas, petrochemicals facility is likely to impact global butadiene (BD) supply as fires continued to burn at the site in the early hours of the US Thanksgiving morning.

INSIGHT: Rise of HVO to be the downfall of traditional biodiesel in Europe
As hydrotreated vegetable oil (HVO) use grows in Europe, with more expansions anticipated in the next few years, questions are arising as to its impact on the traditional biodiesel market and the wider oleochemicals industry.

Europe naphtha-based PE margins rise on cheaper feedstock
Naphtha-based polyethylene (PE) plants in Europe posted an uplift in their contract and spot margins last week following a month of declines, ICIS margin analysis showed.

EU commercial vehicles October registrations down on weak van demand
EU commercial vehicle registrations declined by 7.3% in October, following a 10% fall in September, according to the European Automobile Manufacturers Association (ACEA).

Europe cracker margins rise on cheaper feedstock
European contract and spot cracker margins rose week on week on the back of cheaper feedstock, ICIS margin analysis data showed on Monday.

Europe MMA November contracts continue to fall on weak market conditions
European methyl methacrylate (MMA) November contract talks are ongoing but a range of double-digit decreases have already been agreed on the back of weak market fundamentals.