Americas top stories - weekly summary

09 April 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 6 April 2012.
(Please click on the link to read the full text.)

US April cumene prices assessed at rollover on feedstocks
US April cumene contract prices were assessed at a rollover on Friday, tracking higher and lower feedstock costs.

US Huntsman to increase EO capacity at Texas plant
US Huntsman announced on Thursday it will increase its ethylene oxide (EO) capacity by more than 113,000 tonnes at its Port Neches plant in Texas.

US ethylene trades at record 75.125 cents/lb on tight supply
US ethylene for April traded at a record 75.125 cents/lb ($1,656, €1,259/tonne) on Wednesday on tight supply and news of yet another cracker outage in the US Gulf.

NPE ’12: Braskem in bid to be world leader in sustainable chemistry
Braskem said on Wednesday that it will leverage Brazil’s vast acreage of unused arable lands and expanding sugarcane production to establish itself as the world’s leader in sustainable chemistry by 2020.

AFPM ’12: Canada’s NOVA studies building two PE plants
Canada’s NOVA Chemicals is studying the possibility of building two polyethylene (PE) plants and expanding ethylene capacity, a company executive said on Tuesday.

Dow to close four plants, cut 900 jobs amid weak Europe economy
Dow Chemical plans to close four plants in Europe and the Americas and idle another facility as part of a $250m (€188m)/year savings measure, the US-based chemical major said on Monday.

AFPM '12: US propylene consumers predict April rollover
US propylene contracts for April will likely settle flat despite proposed increases being sought for the month, two end-users predicted on Sunday on the sidelines of the International Petrochemical Conference (IPC).

By: Staff Reporter
+44 20 8652 3214

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