Benzene contracts in Europe soar by €149/tonne. Netherlands chemical plant fire impacts shipping. Industry likely to see growth and more merger and acquisition (M&A) activity this year.

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Issue 16: 17th January 2011

 
 
 
Chemical Purchasing Benzene contracts in Europe soar by €149/tonne. Netherlands chemical plant fire impacts shipping. Industry likely to see growth and more merger and acquisition (M&A) activity this year.
News from ICIS
European benzene contract soars to €879/tonne for January
Ethylene contracts leap by 13% in the US after Nov-Dec double settlement
Asia butadiene (BD) prices may rise above $2,300/tonne in March
Europe, in particular, is likely to see too many chemical ships chasing too few cargoes in 2011
China to expand methyl tertiary butyl ether (MTBE) capacity by around 200,000 tonnes/year
Shipping traffic halted because of a fire at a chemical packing plant close to the Moerdijk in the Netherlands
Chemical industry can expect growth and increased M&A activity
Iran's polymer exports to Asia surge
In the media
Dow and Mitsui form joint venture for chlor-alkali production
BASF acquires CRI/Criterion’s styrene catalysts business
LyondellBasell sells its flavours and fragrances business
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