Americas top stories - weekly summary

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.

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

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.

By: Staff Reporter
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