Americas top stories - weekly summary

02 July 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 29 June 2012.

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

US July benzene contract closes up 19 cents/gal
The July US benzene contract settled at $4.30/gal ($1,287/tonne, €1,030/tonne) on Friday, up 19 cents/gal from the June contract following heavy buying on tight supply positions.

Trinidad gas-to-chem project in doubt as natgas talks falter
A huge gas-to-chemicals project in Trinidad and Tobago proposed by SABIC and Sinopec appeared to be in doubt this week as talks over a natural gas contract faltered, sources said on Thursday.

PDH unit to supply rest of US Eastman's propylene needs
Enterprise Product's new propane hydrogenation (PDH) unit in Texas could allow Eastman Chemical to secure any propylene it does not already make on its own, an executive for the US-based specialty chemicals producer said on Wednesday.

US BD producer undercuts rivals, nominates 16% drop for July
A US butadiene (BD) producer has nominated a 17 cent/lb ($375/tonne, €300/tonne) drop for July, a reduction that puts its contracts at 90 cents/lb next month, market sources said on Tuesday.

Tight US propylene may lead to two more PDH plants
At least two companies are considering building propane dehydrogenation (PDH) plants, as the new dynamics of shale gas makes both propylene supplies tight and propane prices cheap.

By: Staff Reporter
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