Daily Chemical News Recommendation ( Sept. 3 2018)

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>> German, French power prices surge as hot weather to return, renewables fade

 Forecasts for returning high temperatures coupled with a decrease in renewables generation in north west Europe over the weekend and next week sent the German and French wholesale prompt power prices higher on Friday.

The German week-34 baseload power contract added more than Eur1 on the day to trade at Eur56.40/MWh on EEX platform, with offers rising above Eur57/MWh on Friday.  [More] 

 >> European styrene backwardation narrows following Maasvlakte production issue

 The backwardation between August and September in the European styrene market has narrowed this week following a production issue in the market. 

August was assessed at $19/mt above September on Thursday, narrowing significantly from $38.50/mt a week earlier as September prices climbed faster than August.No further news was available regarding the production issue at LyondellBasell and Covestro's jointly owned Maasvlakte propylene oxide/styrene monomer facility. Covestro declared force majeure on supplies from the unit in early August. [More]