Europe top stories: weekly summary
ICIS Editorial
08-Mar-2021
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 5 March.
Europe styrene spot
prices hit record highs on tight supply, strong
demand
European styrene spot prices hit record highs
this week on tight supply and restocking-driven
demand, with material trading at the highest
level since ICIS began tracking the market.
Europe PE, PP offers soar
on tight supply, drive converters to
allocation
European polyethylene (PE) and polypropylene
(PP) spot offers are reaching levels of
€2,000/tonne in extreme cases, forcing some
converters to allocate their own products as
they are unable to procure raw material.
Europe melamine spot
pricing close to decade highs, demand outlook
robust
European melamine pricing continued to heat up
this week on the back of continued supply
shortage, with second quarter demand also
expected to be strong.
EU,
US must agree trade deals with Asian economies
after China takes lead – Ifo
The EU and the US should strengthen their trade
relationships with Asian economies, following
the China-led free trade agreement (FTA) signed
in 2020 with 14 countries in Asia-Pacific,
German research institute Ifo said on Thursday.
Europe domestic SN500,
brightstock FCA prices hit record highs on
increased tightness
European domestic Group I base oils spot prices
rose following increased tightness in March,
reaching record highs for SN500 and brightstock
on a FCA (free carrier) NWE (northwest Europe)
basis.
Global CO2 emissions fall
in 2020 but recovery causing rapid rebound –
IEA
Global carbon dioxide (CO2) emissions were
lower in 2020 year on year due to the
lockdowns-induced lull in the second quarter,
but by December they were already 2% higher
than in the same month of 2019, the
International Energy Agency (IEA) said on
Tuesday.
Fluorogases markets
remain difficult as Arkema counts cost of US
Gulf storms – CEO
Arkema is mulling plans for parts of its
fluorogases division as those markets are set
to remain difficult in most regions in 2021,
according to the CEO at the France-based
producer.
Bolivian energy chiefs
target green hydrogen projects
Bolivia’s Minister of Hydrocarbons and Energies
on Friday announced a strategic plan for green
hydrogen generation to increase the country’s
energy potential and to reduce greenhouse gas
emissions.
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