09 January 2012 15:00 [Source: ICIS news]
HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 6 January 2012.
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US PE December contracts increase by 5 cents/lb
US December contract prices for polyethylene (PE) rose by 5 cents/lb ($110/tonne, €86/tonne) for most of the market, based on low inventory levels and some supply tightness, sources said on Friday.
US January phenol contracts set to increase by 13% on benzene
The US January phenol contract price is set to increase by 13% on higher feedstock benzene costs, sources said on Thursday.
Initial US Jan propylene settlement agreed flat at 54.50 cents/lb
An initial settlement for US chemical-grade propylene (CGP) propylene contracts was reached on Thursday at a rollover, market sources said.
US ethylene for December begins to settle, down 0.25 cents/lb
US ethylene contracts for December began to settle at 54.75 cents/lb ($1,207/tonne, €929/tonne), falling by 0.25 cents/lb from November, market sources said on Wednesday.
US January BD rises in 7, 12 cent/lb split settlement
US butadiene (BD) contracts for January settled higher, market sources said on Tuesday, adding that the market was split with increases of 7 cents/lb ($154/tonne, €119/tonne) and 12 cents/lb.
OUTLOOK ’12: Expectations fall for the US economy
Despite some clear if modest US economic gains in 2011, the US Federal Reserve Bank has lowered its forecasts for the nation’s economy for 2012–2014.
OUTLOOK '12: Americas PET sentiment to firm in first quarter
North and South American polyethylene terephthalate (PET) prices are expected to firm through the first quarter of 2012, following a decline in resin and feedstock prices in the latter part of 2011, sources said.
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