Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 8 November.

Weak EU TIO2 market unaffected by China export drop; effects to come later
The steep provisional EU antidumping duties (ADDs) on Chinese titanium dioxide (TiO2) have led to a staggering fall of 63% in Chinese exports of the product to Europe late in the third quarter of 2024 from the highs earlier this year, but the effects on supply are yet to be felt, illustrating just how weak demand is.

Europe PET gathers momentum amid higher freight rates, weaker euro
Polyethylene terephthalate (PET) in Europe is still a bed of uncertainty when it comes to actual end demand, but PET resin buyers are seeking to secure volumes nevertheless.

Europe markets up, China down as Trump wins second term as US President
European stock markets rallied in early trading while China bourses closed down as Donald Trump secured a second term in office as US President.

UK’s Viridor to close Avonmouth mechanical recycling plant
UK-headquartered recycler Viridor intends to close its Avonmouth mechanical recycling facility following a strategic review, the company announced on Tuesday.

Eurozone manufacturing slump enters record-breaking 28th month, latest PMIs show
The eurozone manufacturing economy is still contracting, albeit at a slightly slower pace, according to new purchasing manager indices (PMIs) which mark the longest downturn since data collection began in 1997.