Europe top stories: weekly summary
ICIS Editorial
17-Jun-2024
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 14 June.
Steady demand keeps
Europe butadiene prices firm, improved output
but ongoing limitations
European butadiene (BD) output may have
improved with the resolution of a couple of
unplanned outages in May but an ongoing
turnaround in the Netherlands and
some unplanned downtime in France, amid
talk of other issues, is keeping spot
availability constrained and spot pricing firm.
ESA ’24: No easy fix for European spot
sulphuric acid shortfall
European sulphuric acid buyers are somewhat
resigned as an ongoing shortage of spot acid
continues – with little evidence in sight for
any improvement in availability.
Europe naphtha, Eurobob crack spreads suffer
demand slump
Northwest European open-specification naphtha
(OSN) spot values recovered from losses
sustained last week as upstream Brent crude
prices rose.
IPEX: Global spot index edges down on lower
values across all regions
The global spot ICIS Petrochemical Index (IPEX)
fell by 0.7% in the week ending 7 June on
losses across all regions, not least northwest
Europe.
Europe chems stocks, markets slump in wake of
election upheaval
Stocks markets in Europe slumped on Monday
after EU parliamentary results pointed to a
rise in prominence for Eurosceptic parties,
with the announcement of a snap election in
France and the resignation of the Belgian Prime
Minister.
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