Americas top stories - weekly summary

19 September 2011 09:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 16 September 2011.

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

US September PP contracts flat on feedstock propylene rollover
US polypropylene (PP) contract prices are flat for September, following a rollover in feedstock propylene, sources said on Friday.

Chevron Phillips US cracker could be on line by Q1 2017
A new US Gulf coast cracker under contemplation by Chevron Phillips Chemical could be on line by the first quarter of 2017, CEO Peter Cella said on Thursday.

Phillips Sumika's exit may help stabilise US PP market
While it might create some short-term market tightness, the closure this year of Phillips Sumika's 365,000 tonne/year polypropylene (PP) plant will ultimately help stabilise the market, sources said on Thursday.

Kolon may appeal DuPont's $919.9m verdict in Kevlar lawsuit
Kolon Industries may appeal against a $919.9m (€671.5m) verdict that DuPont won in a US lawsuit in which it accused the South-Korea-based company of stealing trade secrets about its Kevlar aramid fibre, Kolon said on Thursday.

US DuPont wins $919.9m in Kevlar aramid fibre trade secrets suit
US-based DuPont won a lawsuit on Wednesday for $919.9m (€671.5m) against Korean producer Kolon Industries, which was accused of stealing trade secrets about the company's Kevlar aramid fibre.

US September EPS price hike sees partial acceptance
US expandable polystyrene (EPS) prices rose this week as September price increases found partial acceptance, market sources said on Tuesday.

US ethylene margins drop to 4–week low on softer spot prices
US ethylene margins fell in the first week of September, pressured by softer spot prices and slightly higher production costs, the ICIS margin report showed on Monday.

Olin’s plant shutdown worries some in US caustic soda market
The recent shutdown of US chlor-alkali producer Olin’s plant in Charleston, Tennessee, could worsen existing tightness in the market, sources said on Monday.


By: Staff Reporter
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