Americas top stories – weekly summary

22 March 2010 14:00  [Source: ICIS news]

HOUSTON (ICIS news)--Here are some of the top stories from ICIS news Americas for the week ended 19 March 2010.

(Please click on the link to read the full text.)

US PE export prices poised for April slide
US polyethylene (PE) resin has become too expensive for South American markets, so prices are likely to drop for April cargoes, traders said on Friday.

US PolyOne sees Q1 sales at above $600m
US-based PolyOne expects its sales to exceed $600m (€438m) in the first quarter of 2010, up about 30% from the same period last year, on the back of improving demand, the polymer materials and services company said late on Thursday.

Interview: US can emerge a winner from Middle East capacity surge
US chemical producers can capitalise on their own advantaged feedstock position and make the most of domestic markets to ensure future prosperity, a leading consultant said on Thursday.

US weekly chemical railcar traffic jumps for 18th week
Chemical shipments on US railroads rose 19.3% last week from the same time last year, marking their 18th increase in a row and the 10th this year, an industry association said on Thursday.

Interview: Metabolix expects bio-resin sale in second half of 2010
US bioscience company Metabolix expects its joint venture Telles to start selling its bio-based resins in the commercial market during the second half of 2010, Metabolix president and CEO Rick Eno said on Wednesday.

US polyether polyols prices may rise on feedstock
US flexible slabstock polyether polyols prices are strengthening as a result of feedstock pressure, although demand remains restrained, market participants said on Wednesday.

US PA producers seek 2 cent/lb fee increase in May
US phthalic anhydride (PA) producers will be seeking a 2 cent/lb ($44/tonne, €32/tonne) fee increase in attempts to cover manufacturing costs, sources said on Tuesday.

US home building falls 5.9% in Feb, offsets Jan gain
US new home construction fell by nearly 6% in February, the Commerce Department said on Tuesday, more than offsetting a 3% gain seen in January and signalling continued trouble for the crucial housing sector.

US natgas growth may lead to Canadian ethane shortage – NOVA
The growth of US natural gas capacity may make natural gas production in Canada less economical, which in turn could lead to a feedstock shortage for Canadian petrochemicals producers, the chief executive of NOVA Chemicals said on Monday.

NOVA Chemicals swings to Q4 net income of $17m, sales down 2.5%
NOVA Chemicals reported a fourth-quarter net income of $17m (€12.4m) compared with a net loss of $212m for the same period in 2008 as demand improved after the economic downturn, the Canadian petrochemicals producer said on Monday.

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By: Ben DuBose
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