Europe top stories: weekly summary

ICIS Editorial


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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