LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 8 January.
Eurozone manufacturing
makes continued gains in December
Eurozone manufacturing in December reached its
strongest point in more than two years,
according to the latest purchasing managers’
index (PMI) data released by IHS Markit on
Monday.
Europe renewed lockdowns,
vaccinations hiccups could depress
sentiment
Renewed lockdown measures in several European
countries by the year-end, and potential
hiccups in vaccinations roll-outs are
depressing sentiment as the outlook remains
uncertain.
December IPEX up 6.5% on
rising prices in Europe and the US
The ICIS Petrochemical Index (IPEX) continued
to climb in December, increasing by 6.54% for
the month, tracking price increases for most of
the major petrochemical and plastics
commodities.
INSIGHT: Outlook dimming
on downside risks, possible China price
inflection
Petrochemicals companies' fortunes have
improved over the past three months as demand
has strengthened and prices increased.
Canada's Methanex
methanol plant in Trinidad idled indefinitely
on costs, feedstock supply
Methanex's Titan methanol facility in Trinidad
and Tobago will remain idled indefinitely to
save costs amid a search for a long-term
agreement for its natural gas supply, the
Canadian methanol major said on Thursday.
Brexit 'question of
damage limitation' for chemicals - CIA's
CEO
Brexit has always been a question of damage
limitation for the chemicals sector, according
to the head of the UK’s chemicals trade body.