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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