Europe top stories: weekly summary
ICIS Editorial
09-Jul-2018
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 6 July.
Europe PE producers seek
margin recovery for July contracts
European polyethylene (PE) producers are
seeking margin recovery for July, with concerns
throughout the year over the erosion between
the ethylene/PE spread.
INEOS
to build €2.7bn ethane cracker/PDH unit in
northern Europe
INEOS will invest €2.7bn in an ethane cracker
and propane dehydrogenation (PDH) plant in
northern Europe, the company said.
Improved Europe TiO2
supply weakens Q3 sentiment after run of price
hikes
Improved availability in the European titanium
dioxide (TiO2) market has weakened price
sentiment for Q3 contracts, with rollovers and
double-digit decreases indicated.
Global IPEX for June up
1.70% on rising US and northwest Europe C3 and
C4 prices
Here are the June IPEX values and details of
the major commodity petrochemical and polymer
contract and average spot price movements for
the month.
Kuwait’s PIC closes urea
plant permanently
Petrochemical Industries Company (PIC) closed
its 1.1m tonne/year urea fertilizer plant on 30
June, according to an official at the Kuwaiti
producer.
AkzoNobel chloromethanes
expansion aims to tap into robust end demand –
exec
AkzoNobel’s chloromethanes capacity expansion
in Frankfurt, Germany, responds to the firm’s
convincement that end user demand for that
chemical will keep a healthy growth in years
ahead, according to an executive at the
Specialty Chemicals division.
INEOS
expansions, new cracker and PDH all good news
for Europe, but there could be
casualties
First reactions from market players in Europe
to the latest INEOS ethylene and propylene
announcement have so far been very positive.
But when the dust settles, players will be
trying to determine the real impacts on their
own balances and hoping not to be left behind.
Phosphates prices up on
good demand, tight supply and higher feedstock
costs
International phosphate prices are holding firm
and in many instances increasing on the back of
healthy demand, tightness and rising feedstock
costs.
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