Americas top stories - weekly summary

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

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 19 August 2011.

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

US July PVC contracts head for 1 cent/lb drop on demand, feeds
US polyvinyl chloride (PVC) contracts for July are poised to drop by 1 cent/lb ($22/tonne, €15/tonne), based on the sluggish domestic market and cheaper feedstocks, sources said on Friday.

US Dow Jones Industrial loses 420 pts; chemical index falls 6%
Chemical stocks plunged on Thursday as the Dow Jones Industrial Average fell by 3.68%.

Chems plunge as US Dow Jones Industrial Average sinks 483 points
Stocks in North American chemical companies fell steeply on Thursday as the Dow Jones Industrial Average fell by nearly 483 points, following a pessimistic US unemployment report.

US propylene for August settles at rollover
US propylene contracts for August settled flat with July, market sources said on Wednesday, confirming an initial agreement reached late last week.

US ethylene margins rise 9% on lower feedstock prices
US ethylene margins posted new gains in the second week of August after lower feedstock costs outweighed a drop in ethylene spot prices, the ICIS margin report showed on Wednesday.

US Sunoco to sell its last chem complex with phenol deal
Sunoco's planned sale of its phenol complex to a conglomerate will leave it with no stand-alone chemical complexes, the US-based refiner said on Tuesday.

Repeat of 2008 collapse unlikely for chemicals
The chemical sector is unlikely to suffer a severe downturn similar to the collapse in demand and pricing seen in 2008–2009, Wall Street analysts said on Monday.

US shale boom fuels growth in proppants market
The resurgence of oil and gas drilling in the US over the last few years has fuelled tremendous growth in the proppant market, industry experts said on Monday.

By: Staff Reporter
+44 20 8652 3214

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