Europe top stories: weekly summary
ICIS Editorial
21-Jun-2021
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 18 June.
Turkey’s Bagfas forced to
halt fertilizers production on 1
August
The Turkish government has ordered fertilizers
producer Bagfas Bandirma Gubre Fabrikalari AS
(Bagfas) to halt production on 1 August.
Wide
open arb with US may pressure domestic Europe
ethylene prices
A wide open pricing arbitrage between the US
and Europe may pressure domestic ethylene spot
prices, particularly once the spring cracker
maintenance slate is complete.
INSIGHT: Egypt pins
growth hopes on petchems, but questions
remain
Egypt’s potential to become a northern African
energy and petrochemicals hub has long been
discussed, but question marks remain over
whether the political will and business
appetite is there to bring the idea to
fruition.
INSIGHT: Chemicals
shipping nightmare continues with no end in
sight
Shipping woes that have dogged the chemicals
sector for over a year are worsening as delays,
shortages and coronavirus flare-ups intensify
the disarray in global trade.
INSIGHT: Europe PC supply
tightness to continue in Q3 but rising prices
may be peaking
The critical supply shortage in the European
polycarbonate (PC) market is expected to
continue into the third quarter but the price
rally seen since October 2020 could be running
out of steam.
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