Europe top stories: weekly summary
ICIS Editorial
23-Dec-2024
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 20 December.
Stagnant manufacturing,
overcapacity, looming trade war weigh on Europe
chems in 2025
Europe’s petrochemical sector will be under
even more pressure in 2025 as demand from the
region’s manufacturing sector remains in
contraction, global overcapacity gets worse and
amid the possibility of increased exports from
China and the US.
Europe melamine December
contracts roll over, Q4 contracts rise on
margin pressure
European December melamine contracts were
assessed steady, in line with market feedback.
Europe paraxylene
December contract price up €5/tonne
The Europe paraxylene (PX) December contract
reference price rose €5/tonne from November’s
levels.
German business sentiment
weakest since May 2020
German business sentiment dropped to its lowest
point since May 2020 in December, according to
the latest data from the Ifo Institute on
Tuesday.
Eurozone private sector
closes out 2024 in contraction as manufacturing
slows
The eurozone private sector ended the year on a
bearish note as output contracted driven by a
weakening manufacturing sector, which offset a
return to growth for services.
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