Americas top stories - weekly summary

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

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 13 July 2012.

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

US PP July contracts settle flat with propylene
US polypropylene (PP) contracts settled flat in July following a rollover for feedstock propylene, despite efforts by some producers to boost their margins by 1 cent/lb for the month, sources said on Friday.

US housing sector forecast to see gradual gains this year and next
The US housing construction sector expects home building will gradually improve this year and next, a top analyst said on Thursday, perhaps reaching a level of development equal to half of what the market was in the 1990s.

US OSHA, BP settle violations from 2005 explosion
The US Occupational Safety and Hazard Administration (OSHA) and BP Products North America on Thursday settled nearly all the remaining citations stemming from a 2005 explosion and fire that killed 15 people and injured over 170 others.

US refiners charge EPA with failure to stop biofuels fraud
The US refining sector on Wednesday charged that federal regulators have failed to take prompt action to stop widespread production of fraudulent biodiesel certificates that have cost industry nearly $200m (€164m) in the last year.

Initial US BDO settlements emerge at a rollover to 5 cents/lb lower
A major supplier said on Tuesday it settled some initial third-quarter butanediol (BDO) contracts at a rollover to declines of 5.00 cents/lb ($110/tonne, €89/tonne) during the week.

US July cumene contract facing slight upward price pressure
The US July cumene contract price is facing slight upward pressure, sources said on Monday.

US ethylene margins drop 7% on lower spot, higher feed costs
US ethylene spot margins fell by 7% in the first week of July, pressured by lower ethylene spot prices and higher ethane costs, the ICIS margin report showed on Monday.

By: Staff Reporter
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