LONDON (ICIS) – Here are some of the top stories from ICIS Europe for the week ended 20th January.
European olefins sentiment rises as demand rises.lack of confidence
Two weeks into 2023, the mood among European ethylene and propylene market players has clearly improved. This is underpinned by increased demand added to the perception that the worst has been delayed for the industry.
SABIC Focuses on Global Project, Targeting 1 Million Tonnes of Circular Products Per Year by 2030
SABIC plans to expand its production of bio-based and chemically and mechanically derived chemicals to 1 million tonnes per year by 2030, and will build a new global chemical recycling The company said Thursday that it is considering investing in the plant.
European Extrusion Grade PC January Prices Fall on Lower Energy Costs and Weak Demand
Contract prices for extrusion-grade polycarbonate (PC) fell in January compared to December on the back of very weak demand levels and soft energy costs.
BASF 2022 write-down is ‘breathtaking’ and further risks lie ahead – Baader
Analysts at Baader Bank say the size of the write-downs that BASF expects to book on Wintershall Dea’s oil and gas and chemical businesses in its 2022 financial results is shocking and risks further energy-related impairments. said to remain. Wednesday.
Germany’s BASF has warned that chemical earnings in 2022 will fall below consensus.
BASF has warned that 2022 earnings at its chemicals business will be below average analyst expectations, the German producer said on Tuesday.
Rising Naphtha, LPG Costs Lower European PE Margins
European polyethylene (PE) margins fell week after week on the back of higher raw material costs, according to ICIS margin analysis on Tuesday.
Global Weekly Spot IPEX Rises on Higher Chemical Prices Across All Regions
Spot chemical prices rose 2.2% on the back of stronger values across all regions, according to the latest weekly ICIS Petrochemical Index (IPEX) figures.