Europe top stories: weekly summary

Author: ICIS Editorial

2021/01/11

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.