Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 30 August.

Europe OX post-summer restocking intentions unclear as weak demand lingers
Restocking operations after the summer were once common practice in the European orthoxylene (OX) market, but this year could be different.

BASF to shut down adipic acid production at Ludwigshafen next year
BASF is to end production of adipic acid and several downstream units at Ludwigshafen, Germany, as part of structural changes underway at the site, the company said on Thursday.

Rising costs, outages fail to rattle sluggish propylene oxide market in Europe
Outages at domestic suppliers, a local unit being flagged for a potential sale and rising production costs have failed to rattle a sluggish European propylene oxide (PO) market.

Europe August nylon 6,6 contract prices soften in a slow market
European nylon 6,6 contract prices for August softened from July levels, posting highly varied monthly deltas.

Global spot index slips on lower prices in northeast Asia, US Gulf
The global spot ICIS Petrochemical Index (IPEX) slipped by nearly one-percentage point in the week ending 23 August, on the back of price falls in northeast Asia and the US Gulf.