Europe’s top stories: weekly summary

03 March 2014 09:00 Source:ICIS News

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 2 March.

Europe March ethylene, propylene in line with expectations
The European ethylene and propylene contract price settlements for March were “totally in line” with the vast majority of market expectations, sources said on Friday.

Europe styrene thin and bearish ahead of March
European styrene players are anticipating some downward movement for the March barge contract, sources said on Thursday, with lower benzene costs, a weak domestic spot market and lacklustre signals from Asia all weighing down on sentiment for the upcoming month.

Turkish PE, PP demand lull could last through March
The current weak demand seen in the Turkish polyethylene (PE) and polypropylene (PP) markets could last throughout the month of March because of upcoming elections and as the Turkish financial year comes to an end, sources said on Wednesday.

BASF’s Bock rules out shale gas imports to Europe
BASF has ruled out the possibility of importing shale gas from the US for use in its European petrochemicals operations, claiming that cheap ethane imports from the US do not fit plans for its European operations, the Germany-based producer’s chief executive said on Tuesday.

Europe PX March contract likely to be delayed by Asia bearishness
The absence of any clear paraxylene (PX) contract settlement in Asia for March so far is likely to delay any agreement in the European market for the upcoming month, sources said on Monday.

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By Staff Reporter