Americas top stories - weekly summary

11 June 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 8 June 2012.

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

US June MMA contract prices set to fall by 9 cents/lb on acetone
US June methyl methacrylate (MMA) contract prices are expected to drop by 7.1% on a steep drop in feedstock acetone prices, sources said on Friday.

US propylene for June sheds 23%, contract hits 30-month low
US polymer-grade propylene (PGP) contracts for June on Thursday fell by 15.50 cents/lb ($342/tonne, €273/tonne) from May to hit a 30-month low.

Feedstocks, more imports pushing down US June epoxy resins
Cheaper feedstock costs and growing availability of less expensive imports are pushing down on US June epoxy resins prices, sources said on Tuesday.

US chemical firms face tough market conditions in months ahead
US chemical companies can expect difficult market conditions in the coming months, their top executives said at the annual meeting of the American Chemistry Council (ACC) on Tuesday.

US June IPA headed lower on softening propylene – sources
US isopropanol (IPA) prices are likely to slip further in June on weakening upstream propylene values, sources said on Tuesday, describing the market as messy because of quickly softening conditions.

North America industrial revival to accelerate – Accenture
The industrial revival taking place in North America is poised to accelerate in the coming years, boosting demand for chemicals and investment in new production plants, one consultancy said on Monday.

US propylene for June sheds 23%, contract hits 30-month low
US polymer-grade propylene (PGP) contracts for June on Thursday fell by 15.50 cents/lb ($342/tonne, €273/tonne) from May to hit a 30-month low.

US ethylene contracts dropping 9 cts/lb in May settlements
Initial US ethylene settlements for May were heard on Monday at 46.25 cents/lb ($1,020/tonne, €826/tonne), dropping by 9 cents/lb from April on pressure from lower spot prices and reduced production costs last month.

US June cumene prices set for 11% fall on feedstocks
US June cumene contracts are expected to fall by 11% from May levels because of weaker feedstock costs, sources said on Monday.


By: Staff Reporter
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