Europe top stories: weekly summary
ICIS Editorial
19-Sep-2022
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 16 September.
Europe propylene market
sentiment at all-time low on derivative
outlook
European propylene market sentiment is at an
all-time low as players face a very pessimistic
and unpredictable outlook for the remainder of
the year.
Asia
petrochemical export opportunities to Europe
growing amid energy crisis
Asian petrochemical markets could find new
pockets of opportunities to export to the
EU in the coming months as European
producers continues to struggle with high
production costs amid record energy prices.
Europe styrenics chain
becoming uneconomical on high natural gas
prices – IEA
Some European petrochemical operations are
becoming “uneconomical” on the back of high
natural gas costs, especially in high-energy
intensive sectors such as styrenics, the
International Energy Agency (IEA) said on
Wednesday.
TFI
’22: Ammonia market to remain ‘complicated’
through Q4
The global ammonia market looks set to remain
“complicated” for the remainder of 2022,
following an unprecedented year, sources said
on Wednesday.
Germany to return to
growth in 2024 as inflation rockets, gas
supplies dwindle
Lower supplies of Russian gas and high
inflation are causing havoc in the German
economy, which is heading into a “winter
recession” and will not recover until 2024,
research institute Ifo said on Monday.
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