Americas top stories - weekly summary

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

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

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US economy improving, concerns linger in eurozone – chem group
The American Chemistry Council (ACC) said on Friday the US economic recovery is improving based on several reports released during the week.

US PP December contracts fall 2 cents/lb with propylene
US polypropylene (PP) contract prices fell by 2 cents/lb ($44/tonne, €34/tonne) in December, following an identical drop in propylene contract prices, sources said on Thursday.

GPCA '11: SABIC considers investing in US cracker – Al-Mady
SABIC will consider investing in a US cracker either with a partner or going at it alone, Mohammed Al-Mady, vice chairman and chief executive of SABIC, said on Thursday.

US CP Chem to build PE plants, ethane cracker in Texas
Chevron Phillips Chemical (CP Chem) will build two polyethylene (PE) plants along with a 1.5m tonne/year ethane cracker in Texas, the company said on Wednesday.

DuPont CEO slams news media over reports of coatings business sale
DuPont CEO Ellen Kullman on Tuesday criticised news media outlets for reporting of what she said were rumours and speculation that the company planned to sell chemical coatings business.

US judge approves BASF's $51m settlement in isocyanates suit
A US judge approved on Monday BASF's proposal to pay $51m (€38m) to settle allegations that it fixed isocyanates prices, leaving Dow Chemical as the last producer fighting the class-action lawsuit.

US to see anaemic growth in 2012, but EU crisis threatens - ACC
The US economy likely will see continued but anaemic growth in 2012, the American Chemistry Council (ACC) said on Monday, but the nation’s recovery remains fragile and faces multiple risks, especially the EU debt crisis.

By: Staff Reporter
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