Europe top stories: weekly summary

Author: ICIS Editorial

2021/08/30

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.