Europe top stories: weekly summary
ICIS Editorial
30-Aug-2021
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 27 August.
Europe BD fortunes may be
turning as US buyers turn cautious
For the first time in several months, sources
in the European butadiene market are seeing a
more cautious approach from US buyers and
report a current lack of buying interest for
fresh deep-sea fixtures.
Unfazed by seasonal
slowdown, Europe PET, PTA could stay firm on
tight supply
Europe polyethylene terephthalate (PET) is one
of the few viable options for domestic resin
buyers, though seasonally, end-user
requirements should be tailing off.
Europe base oils export
values slump on increased trading
European base oils export prices dropped this
week, with a confirmed deal and several lower
pricing indications as activity starts to pick
up.
MOVES: LyondellBasell CEO
Bob Patel to retire at end of 2021
LyondellBasell CEO Bob Patel will retire at the
end of 2021, the major US producer announced on
Wednesday.
Europe naphtha-based PE
margins up week on week on cheaper
feedstock
European naphtha-based polyethylene (PE)
margins increased week on week on the back of
cheaper feedstock, ICIS margin analysis showed
on Tuesday.
Germany’s train drivers
second strike to worsen logistics woes –
VCI
Germany’s persistent logistics woes are to
worsen with the ongoing strike by train
drivers, the second in less than a month, trade
group VCI said to ICIS on Monday.
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