Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 4 June.

SIBUR to explore role in Kazakhstan PP, PE projects
SIBUR has signed a framework agreement with Kazakhstan sovereign wealth fund Samruk-Kazyna and state oil and gas company KazMunayGas that could allow the firm take a role in petrochemicals projects set to add nearly 2m tonnes/year of polymer capacity in the country.

INSIGHT: Spain chemicals hope to make virtue out of pandemic hit in the 2020s
The Spanish chemicals industry is hoping for another golden decade as it prepares for the green revolution, despite a worsening political environment where paralysis and instability have become the dominant feature.

Europe PE sellers begin to set out stalls for June business
Polyethylene (PE) sellers in Europe are giving initial offers for June and a wide range is appearing, according to buyers.

Eurozone chemicals producers prices rise more than 3% in April
Chemicals producers selling prices in the eurozone rose more than 3% in April, statistics agency Eurostat said on Wednesday, adding to months of healthy increases.

German construction sector materials shortage intensifies as market heats up
Raw material procurement issues for the German construction sector intensified significantly in May, as the supply chain bottlenecks brought on by the pace of the European economic rebound continued to tighten.

Europe MEG spot prices keep rising, May contract settlement delayed
European monoethylene glycol (MEG ) spot prices continued to rise at the end of May as supply tightened.

Europe PVC May prices reach new highs on tight supply
European polyvinyl chloride (PVC) contract prices rose to record levels in May, compared with April, as availability tightened.