Americas top stories - weekly summary

28 November 2011 09:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 25 November 2011.

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Lower pump prices expected bring more US holiday drivers
The recent drop in retail gasoline prices could buoy an increase in the number of US Thanksgiving Day holiday motorists, a market analyst said on Wednesday, but others predicted the shaky economy could dampen travel.

US BD producer nominates 10 cent/lb drop for December
A US butadiene (BD) producer nominated a 10 cent/lb ($220/tonne, €163/tonne) reduction for December, paving the way for the fourth drop in as many months for the US contract, market sources said Wednesday.

Holiday demand for electronics may boost US chemical industry
Stronger demand for electronics during the holiday shopping season should bode well for the US chemical industry, an analyst said on Tuesday.

US ramps up sanctions against Iran, blacklists petchems
The US said on Monday that it was broadening sanctions against Iran to pressure the Tehran regime to end its suspected nuclear weapons programme, including a new US boycott of foreign firms doing business with Iranian petrochemicals entities.

US ethylene margins up by 2.3 cents/lb as feedstock costs fall
US ethylene margins widened by 2.3 cents/lb ($51/tonne, €38/tonne) during the third week of November on lower ethane prices and higher ethylene spot prices, the ICIS margin report showed on Monday.

By: Staff Reporter
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