Europe top stories: weekly summary

ICIS Editorial

21-Nov-2022

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 18 November.

Ammonia faces pressure from poor demand, gas still major concern
In Europe, volatile conditions in the natural gas market remain a concern for key ammonia industry participants, particularly as falling temperatures across northwest Europe lift gas prices.

INSIGHT: Lacklustre demand from various outlets impacting polyols, TDI and toluene
Weaker activity from the automotive and flexible foam industries is impacting the consumption of polyols and toluene diisocyanate (TDI), with some additional impacts from the latter on feedstock toluene due to lower production. No short term demand recovery is envisaged for the whole value chain.

Crude demand growth to slow on mounting economic woes – IEA
Crude oil demand growth in Q4 and next year will be weaker than previously expected as the global economy slows, the International Energy Agency (IEA) said on Tuesday.

German chems industry down in Q3, FY 2022 outlook remains unchanged
Germany’s chemicals industry recorded a 7.2% drop in production in the third quarter compared to the previous quarter, according to the country’s trade body VCI on Monday.

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