Europe top stories: weekly summary
ICIS Editorial
02-Jul-2018
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 29 June.
German business climate
falls in June, outlook slightly more
optimistic
Germany’s business climate cooled in June to
its lowest level of the year so far, especially
in the trade sector, according to the country’s
research institute Ifo.
Europe polyolefin players
adopt wait-and-see attitude ahead of monomer
settlements
European polyolefins players have adopted a
wait-and-see attitude as trading activity has
slowed ahead of the July upstream contract
settlements.
EU
Commission to investigate BASF acquisition of
Solvay’s nylon business
The European Commission has opened an
“in-depth” investigation into the proposed
acquisition of Solvay’s global nylon business
by BASF under the EU merger regulation.
Time
was ripe for Spain’s chem workers to benefit
from sector’s bonanza – trade union
The new collective bargaining agreement for
Spanish chemicals workers had to include
healthy wage increases after years of moderate
rises and as the industry goes through a boom,
according to the head of chemicals at Spain’s
second largest trade union.
Indian urea tender
dependent on ports’ stocks, Iran
payments
The Indian Department of Fertilizers (DOF) is
likely to approve an import tender for urea
next week, according to sources.
Muntajat Qatar Sulphur
Price for July falls $4/tonne despite supply
shortages
The Muntajat Qatar Sulphur Price (QSP) for July
has been announced at a fall of $4/tonne (or
3%) compared to June, the company confirmed.
Europe crude MDI price
falls may prop up demand if end users switch
product
Europe crude methyl di-p-phenylene isocyanate
(MDI) order book volumes should eventually jump
after end users switched to alternative
products in the face of historically high
pricing in 2017.
Europe July ethylene
contract in ballpark but at higher end of
expectations
The European July ethylene contract reference
price settlement at €1,135/tonne was generally
in line with most expectations albeit perhaps
at the top end, several sources said.
Port
of Rotterdam logistics issues persist after oil
spill
Difficulties entering and leaving the port of
Rotterdam after an oil spill are continuing,
according to sources, despite clean-up efforts
being well underway.
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