Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 6 September.

EU chemicals production gradually firming, short of recovery levels – Cefic
Chemicals production in the EU has continued to firm through 2024, but weak demand is keeping output growth below recovery levels, with energy prices still substantially above US levels in the region, trade body Cefic said.

Europe jet fuel prices hit new lows on supply overhang, crude softness
Average European jet kerosene spot prices for cargoes fell 6% week-on-week while barge prices dropped 5% from the week prior as supply overhang and lack of demand continues to haunt the market.

Europe markets slump on US, China demand worries, commodity shocks
Europe chemicals shares and public markets slumped on Wednesday in the wake of sell-offs in Asia and the US on the back of growth fears and a crude oil sell-off.

Europe August acetic acid contracts roll over
Acetic acid contract pricing for August was assessed at a rollover in Europe amid balanced supply and seasonally low demand.

Global spot index up on gains in NE Asia, NW Europe
The global spot ICIS Petrochemical Index (IPEX) was up for the first time in four weeks in the week ending 30 August, on the back of increases in northeast Asia and northwest Europe.