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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