Europe’s top stories: weekly summary

17 February 2014 09:00 Source:ICIS News

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 16 February.

Europe PE Feb buyers target drops bigger than ethylene
Some polyethylene (PE) buyers in Europe are looking to achieve price decreases greater than the €40/tonne drop in the February ethylene contract price, but much depends on the PE grade in question, sources said on Friday.

EU chemicals output down 0.2% in Jan-Nov 2013
Chemicals output in the EU dropped 0.2% for January to November 2013 compared to the same period in 2012, with a 7.2% fall in petrochemicals production in November, the European Chemical Industry Council (Cefic) said in its Chemicals Trend Report on Thursday.

Turkey PE, PP buyers face ‘psychological’ battle over lira fluctuation
Buyers of Turkish polypropylene (PP) and polyethylene (PE) spot cargoes are facing a ‘psychological battle’ against the uncertainty caused by the Turkish lira fluctuations seen in January and February as their stocks start to run low, sources said on Wednesday.

Europe naphtha crack spread hits four-month low on slow demand
European naphtha crack spread hit a four-month low this week as demand dried up, industry sources said on Tuesday.

Finland Tikkurila’s Q4 net loss widens 6.7%, sales down 4%
Finland’s Tikkurila net loss in the fourth quarter 2013 worsened 6.7% year on year to -€4.8m as sales fell 4.0% to €116.7m, the company said on Monday.

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By Staff Reporter