Europe top stories: weekly summary

17 March 2014 09:00 Source:ICIS News

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 16 March 2014.

Europe naphtha profits from rising gasoline demand
European gasoline exporters are gearing up for the seasonal switch to summer-grade gasoline, with stocks piling up at the ARA (Amsterdam-Rotterdam-Antwerp) hub in expectation of a pick up in US demand, leading to a boost in sales for blendstock naphtha, industry sources said.

K+S Q4 earnings drop 47%, predicts ‘tangibly’ lower prices in 2014
K+S’ fourth-quarter 2013 adjusted group earnings from continued operations fell 47.1% year on year to €69.4m, as declining sales prices for potash and magnesium products weighed on the Germany-based fertilizer producer's performance, it said on Thursday.

Global PET markets face overcapacity ‘crisis’ - industry exec
Polyethylene terephthalate (PET) markets globally are facing an overcapacity crisis as wave after wave of new capacity comes onstream in China.

PET bottle manufacturers must evolve to survive - executive
The landscape has changed in the polyethylene terephthalate (PET) bottle manufacturing industry and to survive players must evolve to be nimble and adapt to new customer demands, an executive said on Tuesday.

Europe APET sheet firms fight to pass through feedstock costs
The opportunities presented to European amorphous polyethylene terephthalate (APET) sheet producers are marred by challenges, an executive said on Tuesday.

April the turning point for Europe styrene in 2014
Players in the European styrene market are expecting the market to see an upturn in both demand and pricing by April, sources said on Monday, with the combination of seasonally stronger offtake from the construction sector and supply limitations both in Europe and Asia supporting an upturn.

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By Staff Reporter