Europe top stories: weekly summary
ICIS Editorial
12-Sep-2016
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 11 September.
Turkish PP, PE prices stable pre-Eid
but bullish sentiment
emerging
The majority of prices
in the Turkish polypropylene (PP)
and polyethylene (PE) market were unchanged ahead of the
Eid al Adha holiday, though there was a small increase in the
number of enquiries and sentiment turned more bullish for the
second half of the month, according to sources.
Climate change offers Europe a
chance to revive chems – Cefic
DG
The industrial base in Europe
will look completely different by 2050 if the EU is to meet
the Paris climate change targets and the chemical industry,
together with public investment, will be a key sector to
fulfil those targets, the director general (DG) at the
European Chemical Industry Council (Cefic) said this
week.
Global IBAP hits three-month high in
August as raw material costs
rise
The global ICIS Basket of
Automotive Petrochemicals (IBAP) hit a three month high
August, suggesting that raw material costs for automotive
production from petrochemicals are rising, ICIS analysis
showed on Thursday.
Europe SBR September contracts rise
on
feedstocks
European styrene butadiene rubber (SBR)
September contract prices settled at rollovers to small
increases, depending on account, because of the upward
butadiene (BD) September contract settlement, sources said on
Wednesday.
Europe spot benzene dips, players
watch
US
European benzene spot
numbers eased slightly this week, sources said Wednesday, but
a strong US market is likely to limit any significant drop in
pricing.
ICIS Top 100 Chemical Companies
revealed
ICIS Chemical Business
magazine has unveiled its annual ICIS Top 100 Chemical
Companies, a global listing of producers ranked by 2015
sales.
Outages help drive US prices and
global IPEX higher in
August
Higher petrochemical and
polymer prices in the US in August were sufficient to lift
the global ICIS petrochemical Index (IPEX) for the month by
0.7%.
European PE, PP players watch as
Hanjin seeks bankruptcy
protection
Polyethylene (PE)
and polypropylene (PP) players in Europe are
watching events surrounding the failure of South Korean
shipping major Hanjin, several said on
Monday.
Europe naphtha spot and contract
cracker margins rise above
LPG
European spot and contract
cracker margins based on naphtha feedstock have
risen considerably week on week, according to ICIS margin
analysis on Monday.
(Please click on the link to read the full story).
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.
Want to learn about how we can work together to bring you actionable insight and support your business decisions?
Need Help?