Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 3 September.

Europe olefins market ponders Harvey impact as sentiment firms
It might be too early to accurately determine the full impact from Hurricane Harvey’s on US refinery and petrochemical output as well as the knock on effect on European olefins but the market sentiment is bullish, market sources said on Friday.

Dow and DuPont complete merger, new company begins trading on Friday
Dow Chemical and DuPont have completed their merger with the DowDuPont holding company due to start trading today on the New York Stock Exchange under the ticker symbol DWDP, the companies said on Friday.

Arkema confirms explosions, smoke at Texas plant
Arkema confirmed at 10:30 BST on Thursday that explosions and smoke have been reported at its plant in Crosby, Texas, following flooding caused by Hurricane Harvey.

Hurricane Harvey devastation could impact European base oils market
The impact of Hurricane Harvey on refineries in the US Gulf Coast could affect supply in the European base oils market, sources said late on Tuesday.

Europe spot ethylene cracker margins rise, contract margins fall
European spot naphtha-based ethylene cracker margins have risen amid tight supply, but contract cracker margins have fallen on the back of gains in both naphtha and LPG feedstock values, ICIS margin analysis showed on Tuesday.

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