Europe top stories: weekly summary
ICIS Editorial
18-Sep-2017
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 17 September.
INSIGHT: Europe chems ponder Harvey
impact but German trains a bigger
headache
Some European sources
have noted a degree of disruption in their markets
caused by Hurricane Harvey in the US chemicals hub of Texas
and Louisiana, but the region’s industry is growing more
concerned by the day about a less dramatic logistical issue,
Germany’s rail transport problems.
African PP prices mostly stable but
sellers remain
bullish
African polypropylene (PP)
prices have mostly held stable this week but sellers
anticipate further opportunities for
hikes in coming weeks, according to sources.
US should reconsider Gulf
infrastructure, crude oil demand revised up for 2017 –
IEA
Crude oil demand growth rose
by 2.4% in the second quarter, year on year, to 2.3m bbl/day
as economic activity in developed countries remained strong,
the International Energy Agency (IEA) said on
Wednesday.
Dutch AkzoNobel moves on from PPG
bid, focuses on 2020 targets –
CEO
AkzoNobel spent a great deal
of time thinking about the acquisition bid by US’ PPG in the
first half of the year but the company has moved on and is
concentrated on achieving its 2020 financial targets, the new
CEO of the Dutch paints and coatings major said this
week.
INTERACTIVE: OPEC crude output
drops for first time in
months
OPEC crude
oil output dropped in August, the cartel said on
Tuesday, for the first time in several months, while
projected global economic growth for the year was revised
up.
Europe naphtha-based cracker margins
up, LPG margins
fall
European naphtha based
cracker margins have risen week on week, but margins based on
liquefied petroleum gas (LPG) feedstock have fallen,
according to ICIS margin analysis on Monday.
(Please click the link to read the full story)
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