Europe top stories: weekly summary
ICIS Editorial
14-Jan-2019
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 11 January.
Shell
starts production at new US alpha olefins
unit
Shell has started production at its fourth
alpha olefins (AO) unit at its Geismar, US,
complex, bringing total production of the
material at the site to 1.3m tonnes/year, the
Anglo-Dutch energy and petrochemicals major
said.
Germany’s industrial
contraction in November heightens recession
fears
Industrial production in Germany contracted
month on month in November, raising concerns
that the eurozone’s largest economy may have
sunk into recession in the second half of the
year after the third-quarter’s contraction.
Germany’s chems orders,
production sharply down in November
New orders and production in Germany’s
chemicals and pharmaceuticals industry both
fell markedly in November month on month, the
country’s central bank said.
Europe ECH market to stay
healthy despite downstream
instability
The European epichlorohydrin (ECH) market looks
likely to continue using propylene as its key
feedstock despite supply pressures, sources
said.
Europe LDPE spot prices
at lowest point since 2012, outlook
unclear
Low density polyethylene (LDPE) spot prices are
trading at their lowest point since 2012, and
even lower – to the level of 2010, according to
some buyers.
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