Europe top stories: weekly summary
ICIS Editorial
03-Aug-2020
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 31 July.
Europe capro, nylon
demand slowly picks up but uncertainty
prevails
Europe caprolactam (capro), nylon 6 and nylon
6,6 markets are expected to continue trading
reduced volumes for quite some time, as
downstream demand recovery is likely to be
prolonged and slow.
DuPont hit hard in second
quarter by automotive market decline
A significant non-cash impairment charge
related to near-term weakness in the automotive
industry hit DuPont’s earnings in the second
quarter, the company said on Thursday.
Solvay manages to weather
severe headwinds in downstream
markets
Despite its position as a specialty chemical
producer, Solvay is not far-enough removed from
the global economic storm to come away
unscathed.
INSIGHT: BASF remains
cautious in face of limited order
visibility
BASF’s comments on Wednesday on visibility and
the third quarter show how cautious the German
chemicals major is in the face of the uncertain
recovery this July and August from coronavirus
lockdowns.
European naphtha prices
held back by static crude, increased
inflows
Outright values in the European
open-specification naphtha spot market have
been held back by increased inflows from the US
which have compounded overwhelming inventory
levels, slowing demand from petrochemical units
and a stagnating upstream crude futures market.
WTO
rules EU anti-dumping duties on Russian AN
unlawful
The World Trade Organization (WTO) has found
that anti-dumping duties (ADD) applied on
Russian ammonium nitrate (AN) by the EU were
unlawful.
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