Americas top stories - weekly summary

15 August 2011 09:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 12 August 2011.

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

US August propylene begins to settle flat on lower crude
US propylene contracts for August began to settle flat on Friday, pressured by a drop in energy prices in the past two weeks.

N America chems soar as Dow Jones Industrial Average rises 280 pts
North American chemical stocks soared on Thursday, with one company rising more than 20%, as the Dow Jones Industrial Average rose by 280.40 points.

Chems surge as US Dow Jones Industrial Average gains 423 pts
North American chemical stocks surged on Thursday, with several outperforming the overall market as the Dow Jones Industrial Average rose by 423.

N American chem stocks fall as stock market plunges
North American chemical stocks fell on Wednesday in morning trading as the Dow Jones Industrial Average fell by 426 points, nearly erasing the gains during Tuesday's rally.

Chems fall, US Dow Jones Industrial Average drops 520
North American chemical stocks tumbled on Wednesday as the Dow Jones Industrial Average plummeted by nearly 520 points, wiping out gains made during Tuesday's short-lived rally.

Chem trade group puts chance of US recession at one in three
The American Chemistry Council (ACC) has increased the chance of the US slipping back into a recession to one in three, up from one in four in July, the chemical trade group said on Tuesday.

US Fed promises record-low interest rates for at least two years
The US Federal Reserve Board on Tuesday took the unprecedented step of saying it would hold its current historic low interest rates for at least two years and perhaps longer.

US TPC Group approves funding for on-purpose butadiene project
TPC Group has approved funding for further engineering work to restart an idled dehydrogenation unit at its Houston site to eventually produce up to 600m lb/year (270,000 tonnes/year) of on-purpose butadiene (BD), the US-based chemicals firm said on Tuesday.

Cheap feedstock to deliver US chems from market turmoil
The feedstock advantage that the US chemical industry holds against the much of the world should help it overcome the recent turmoil in the stock market, a consultant said on Monday.

Chems crash again as US Dow Jones Industrial Average falls 635 pts
North American chemical stocks sank on Monday ­– the second time in less than a week ­– as the Dow Jones Industrial Average fell by nearly 635 points.


By: Staff Reporter
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