Europe top stories: weekly summary
ICIS Editorial
26-Aug-2024
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 23 August.
Aviation fuel prices hit new lows amid growing
bearishness
European spot jet fuel quotations plunged to
14-month lows towards mid-week, bearing the
brunt of tepid demand and ongoing upstream
softness, with the short-term outlook unclear
as the peak travel season winds down.
Europe SAN contract prices increase double
digits in August
August contract prices have increased €70/tonne
in the European styrene acrylonitrile (SAN)
market, the first price increase since April
2024, mainly driven by composite costs of the
€78/tonne contract price increase for upstream
styrene, and the €36/tonne contract price
increase for secondary feedstock acrylonitrile
(ACN).
EU plans up to 36.3% definitive tariffs on EV
imports from China
The European Commission (EC) has announced a
draft decision to impose up to 36.3% definitive
countervailing duties on imports of battery
electric vehicles (EVs) from China.
Quantafuel cancels pyrolysis-based chemical
recycling project in Sunderland, UK
Quantafuel Sunderland Limited, part of UK
recycling major Viridor, has halted the
development of its planned pyrolysis-based
chemical recycling plant in Sunderland, a
company spokesperson confirmed late on Monday.
IPEX: Global index down on softer prices in NW
Europe, NE Asia
Lower chemical prices in northwest Europe and
northeast Asia drove the global spot ICIS
Petrochemical Index (IPEX) down by 0.2% in the
week ending 16 August.
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