Americas top stories - weekly summary

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

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 6 July 2012.

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

US propylene contracts for July settle flat, PGP at 52 cents/lb
US propylene contracts for July settled flat with June, market sources said on Friday, on support from a small firming in spot prices last month.

US July epoxy resins prices set for fall on import competition
US domestic epoxy resins prices for material ordered in July are expected to fall, sources said on Thursday, on mixed feedstock costs and increased competition from imported material.

US economic growth to be sluggish for remainder of 2012 - ACC
US economic growth for the first half of 2012 was weak and growth for the rest of the year will be sluggish, the American Chemistry Council (ACC) said on Thursday.

NA Q3 TiO2 flat, first failed price effort in more than 3 years
North American third-quarter titanium dioxide (TiO2) contract prices settled at rollovers, sources confirmed on Tuesday, dealing domestic producers their first defeat in more than three years.

US ethylene for June begins to settle at 39 cents/lb, down 16%
US ethylene contracts for June began to settle on Tuesday at 39 cents/lb ($860/tonne, €679/tonne), dropping by 7.25 cents/lb from May on pressure from lower spot prices and reduced production costs last month.

Lower gasoline prices to boost US holiday travel
Lower retail gasoline prices will help increase US automobile travel for the Fourth of July holiday period, an analyst said on Tuesday.

Shrinking US storage space for NGLs should ease by year end
Recently announced propane projects, as well as normal demand for natural gas liquids (NGLs), should ease the dwindling space at US storage hubs by the end of 2012.

Carlyle Group, Sunoco JV to upgrade Philadelphia refinery
The Carlyle Group plans to upgrade the 330,000 bbl/day Philadelphia refinery in Pennsylvania through its joint venture with Sunoco, the companies said on Monday.

US Carlyle Group, Sunoco to save Philadelphia refinery
Global alternative asset manager The Carlyle Group and refiner Sunoco will form a joint venture to allow a Philadelphia refinery to continue operations, the two companies said on Monday.

By: Staff Reporter
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