Americas top stories - weekly summary

12 March 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 9 March 2012.

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

US Huntsman adds to TiO2 North America Q3 price-hike efforts
North American titanium dioxide (TiO2) producer Huntsman on Friday became the fourth domestic producer to announce plans to raise prices for the third quarter, but buyers remain opposed to the initiatives.

US could waste shale-gas boom without energy policy – Dow's Liveris
The shale gas boom in the US could go to waste if the country fails to develop a national energy policy, Dow Chemical chief executive Andrew Liveris said on Thursday.

US March propylene contracts settle up by 5 cents/lb
US propylene contracts for March settled at an increase of 5 cents/lb ($110/tonne, €84/tonne), market sources said on Thursday, rising by 7% from February but below nominations put forward for the month.

Shell still years away from final decision on new US cracker
Anglo-Dutch oil major Shell is still years away from making a final decision whether to fund a new cracker in the northeast US, the company chief executive cautioned on Wednesday.

US Celanese eyes world markets for its fuel ethanol
US-based acetyls producer Celanese is looking at markets worldwide for its hydrocarbon-based ethanol, an executive said on Wednesday.

Dow Chemical board authorises capital for Texas propylene project
Dow Chemical’s board of directors has authorised capital to finalise detailed engineering and to purchase equipment for the company’s planned world-scale propylene facility in Texas, the US-based chemicals major said on Wednesday.

Tight propylene pushes US firms to mull on-purpose C3
Propylene supplies from US crackers and refineries are tightening, pushing producers to consider making the monomer from propane, an executive with Chevron Phillips Chemical said on Tuesday.

US chem leader warns against government disclosure of technology
A US chemicals industry leader on Tuesday warned that plans by federal environmental officials to alter protections for confidential business information (CBI) could undermine the country’s global leadership in technology.

US polyols, isocyanates prices rise on feedstocks, supply/demand
Prices of polyols and isocyanates in the US are rising because of tightening product availability and increasing feedstock costs amid strengthening demand, a major US supplier said on Monday.

US ethylene margins rise 3% on higher spot prices
US ethylene spot margins rose by 3% last week after an increase in spot prices more than offset higher feedstock costs, the ICIS margin report showed on Monday.


By: Staff Reporter
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