Europe top stories: weekly summary

ICIS Editorial

03-Feb-2025

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 31 January.

INSIGHT: Shipping caution remains over Suez route, Europe chemicals nervous
Shipping companies are still in “wait and see” mode over a shift back to using the Suez Canal, while many chemical producers in Europe may hope it stays out of action for as long as possible.

Europe BDO players eye China market fundamentals to gauge outlook for 2025
European butanediol (BDO) market players are eagerly awaiting a sense of long-term direction, with fundamentals largely unchanged since the start of the year and the impact of market movements in China after the Lunar New Year holidays a key focus.

EU proposes import tariffs on Russian and Belarusian nitrogen-based fertilizers
The European Commission has adopted a proposal to impose tariffs on a number of agricultural products from Russia and Belarus, as well as on certain nitrogen-based fertilizers.

EU commercial vehicle sales up 5.5% in 2024
New commercial vehicle registrations in the EU increased by 5.5% in 2024, with trucks the only segment posting a decline, according to the latest figures from the European Automobile Manufacturers’ Association (ACEA).

Indian phosphate buyers look to budget for clarity on subsidies
After the phosphoric acid price settlement between Jordan’s JPMC and India’s Coromandel International Limited (CIL), phosphate buyers in India are now focusing on the upcoming budget for more clarity on the cost of importing product.

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