Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 10 March.

Europe glycerine prices mostly fall on slow spot demand
European glycerine spot prices mostly weakened this week, largely due to lacklustre demand colliding with widespread availability.

Germany chems production drops 24% in Q4 – VCI
Germany chemicals production excluding the pharmaceuticals sector fell 23.6% year on year and 11.6% quarter on quarter in October-December 2022 amid falling demand and capacity utilisation, trade group VCI said on Thursday.

PET perfectly placed to show what circularity really looks like – consultant
The polyethylene terephthalate (PET) value chain is on the road to circularity, but there are obstacles in its way, Ben Dixon, partner at SystemiQ said on Wednesday.

Russia’s Togliattiazot to start construction in March for transshipment complex for ammonia, urea at Black Sea
Russian nitrogen fertilizer major Togliattiazot (ToAz) will start construction in March of a transshipment complex for ammonia and mineral fertilizers at the port of Taman in the Black Sea.

Global IPEX up 5.4% in February on chemicals price rises across all regions
The ICIS Petrochemical Index (IPEX) went up by 5.4% month on month in February on the back of rising chemical prices across all regions.