Europe top stories: weekly summary
ICIS Editorial
24-Apr-2023
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 21 April.
Europe PET season an
abject disappointment
Activity in the Europe polyethylene
terephthalate (PET) sector continues to
dissatisfy buyers and sellers in what should be
a period of high-volume sales.
Europe bioethanol spot
prices sink on continued aggressive
offers
Bioethanol spot prices in Europe decreased this
week, with aggressive offers continuing to
exert downward pressure on the market.
Hope
for 2023 European construction market recovery
falters as spring demand uptick fails to
materialise
Since late 2022, chemicals players have been
hopeful that better demand is just around the
corner but optimism is faltering as economic
conditions remain challenging and spring
construction demand has failed to ignite.
EU
Parliament backs CBAM, emissions trading
measures
A plenary session of the European Parliament on
Tuesday backed reforms to the EU’s emissions
trading system (ETS), as well as endorsing the
proposed carbon border adjustment mechanism
(CBAM) system and other pillars of the bloc’s
Fit for 55 decarbonisation plans.
Europe demand to remain
in the doldrums for ACN in a tough Q2
Second quarter demand for the European
acrylonitrile (ACN) market is expected to
mirror that of the first, with any improvements
unlikely to be enough to bolster run rates.
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