Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 17 November.

Europe soda ash 2024 annual contract negotiations kick off on more demand set-backs and supply shifts
The European soda ash market is expecting no respite from weak demand, and both sides of the market likely to feel pressure from annual contract negotiations.

EU anti-dumping probe on Chinese TiO2 imports fuels uncertainty
The EU anti-dumping (AD) probe into titanium dioxide (TiO2) imports from China will heighten uncertainty and risk over sourcing from the Asian nation if an anti dumping duty (ADD) were to be enforced.

Europe chemicals production falls in September, reversing August gains
Chemical production in Europe fell in September, although at a slower pace than wider industrial output, according to the latest data from the EU’s statistical agency Eurostat.

Europe base oils Group III range widens as more imports add to oversupply
European base oils Group III prices fell on the low end this week, which saw the range widen further, as imports continued to add to existing high stocks in the region.

INSIGHT: Economic weakness dominates Europe 2024 PE/PP contract discussions
Discussions on supply contracts for 2024 have already commenced in the polyethylene (PE) and polypropylene (PP) markets and suppliers are facing gloomy sentiment.

OPEC revises oil demand growth forecast up for 2023 on robust H2 consumption in China
Global oil demand is tipped to be higher than previously anticipated this year on growing appetite from China, according to the latest OPEC Monthly Oil Market Report on Monday.