25 June 2012 15:00 [Source: ICIS news]
HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 22 June 2012.
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US BD producer nominates 10% drop for July contract
A US butadiene (BD) producer on Friday nominated a 10% drop for its July contracts, confirming market projections calling for a double-digit reduction next month.
US June PX contracts fall 9 cents/lb on Asia pricing
The US June paraxylene (PX) contract has been settled at 67.50 cents/lb ($1,488/tonne, €1,176/tonne), lower by 9.00 cents/lb from May, market participants said on Thursday.
US Enterprise to build on-purpose propylene unit in Texas
US midstream services company Enterprise Products will build a propane dehydrogenation (PDH) unit in Texas, the company said on Wednesday.
Germany's K+S breaks ground on C$3.25bn Canada potash project
K+S has officially broken ground at its Canadian dollar (C$) 3.25bn ($3.19bn) potash project in Canada’s Saskatchewan province, the Germany-based fertilizer firm said on Wednesday.
US VAM spot prices drop $50/tonne on further declines in ethylene
Spot prices for US vinyl acetate monomer (VAM) have continued to fall in the past week on declining ethylene costs, dropping $50/tonne (€40/tonne), buyers and sellers said on Tuesday.
Chemical industry at forefront of emerging green economy – CIA
The chemical industry has been at the forefront of the emerging green economy and without chemical businesses a green society cannot happen, the Chemical Industries Association (CIA) said on Tuesday.
US Tronox stock falls sharply after return to NYSE
Stock of US-based pigment producer Tronox closed at $145.50 (€114.95), down 6.13%, on its first day of resumed trading on the New York Stock Exchange (NYSE).
US Tronox returns to NYSE as Kerr-McGee suit remains pending
US-based pigment producer Tronox was listed on the New York Stock Exchange (NYSE) on Monday, while a lawsuit against its former corporate parent, Kerr-McGee, remains pending.
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