Europe top stories: weekly summary
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
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.
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.
’22: Ammonia market to remain ‘complicated’
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
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.