Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 11 June.

Petchems demand for crude to slow in 2022, non-OPEC output up sharply – IEA
Global petrochemicals demand for crude oil will remain strong in 2021, but would slow down significantly in 2022, the International Energy Agency (IEA) said on Friday.

EPCA virtual event to levy ‘moderate’ fees amid pandemic – CEO
The European Petrochemical Association (EPCA) is to run its annual meeting virtually again this year. But unlike in 2020, delegates will have to pay “very moderate” fees for registrations, according to the industry group’s CEO.

May IPEX up by nearly 4% month on month on rising Europe and US prices
The ICIS Petrochemical Index (IPEX) went up slightly in May, rising by 3.6% month on month, tracking price increases seen across most of the major petrochemical and plastics commodities in Europe and the US.

Spain circular targets only possible with chemical recycling – Feique
Spain’s circular targets cannot be met without chemical recycling and it must be granted the same legal status than recycling in legislation currently being debated in Parliament, the country’s chemicals trade group Feique said on Wednesday.

German economic sentiment at pre-pandemic levels, outlook softens
German economic sentiment strengthened in June as the current situation was assessed at pre-pandemic levels, economic research institute Zew said in a report on Tuesday.

European Coatings Show cancelled on global travel restrictions
The organisers of the European Coatings Show (ECS) have cancelled the in-person edition planned for September in Nuremberg, Germany, as potential participants could still face travel restrictions, they said on Monday.