Europe top stories: weekly summary
ICIS Editorial
04-Sep-2023
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 1 September.
Europe naphtha outlook
murky on softer gasoline, volatile
crude
Fundamentals in the European naphtha market are
in limbo with several factors at play. Demand
for gasoline appears to be losing ground after
Hurricane Idalia made landfall, the upstream
crude market is more volatile, exports have
been dented by soaring freight rates and the
macroeconomic outlook has become increasingly
uncertain.
INSIGHT:
Coal-to-chemicals up to 10 times more
carbon-intensive than conventional
technologies
Ethylene produced using coal-to-chemicals
technology is up to ten times more
carbon-intensive than conventional ways of
production such as naphtha or ethane cracking,
according to analysis by ICIS and Carbon Minds.
Annual eurozone inflation
moderates in August with slump in economic
sentiment
Annual eurozone inflation stabilised in August,
according to flash data released by the EU’s
statistical agency, Eurostat, on Thursday.
Europe MA offers undercut
Asian offers, some restocking may be
seen
European maleic anhydride (MA) prices could be
near a bottom, although it remains to be seen
how long the uptick or a halt in the downtrend
will last given unanimous expectations that
underlying demand will be stagnant for the rest
of the year.
IPEX:
Global weekly spot IPEX up on higher chemical
prices across all regions
The global spot ICIS Petrochemical Index (IPEX)
increased 1.2% in the week to 25 August, on the
back of stronger prices across all regions, not
least northwest Europe.
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