Americas top stories - weekly summary

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

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 27 July 2012.

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

US BD for August flat as supplier rolls back nomination
US butadiene (BD) contracts for August settled flat, market sources said, adding that a supplier that normally does not settle with the rest of the market has agreed to roll back its nomination.

Low-cost NGLs help boost LyondellBasell's earnings
LyondellBasell benefitted from low-cost ethane and propane feedstock costs during the second-quarter of 2012, and will continue to have that advantage in the near term, the company's chief executive said.

World will not see normal GDP growth for 12-24 months – US Dow
The world will not see normal economic growth for 12-24 months because the crisis in Europe has spread to much of the planet, the chief executive of Dow Chemical said.

Dow Chemical Q2 net profit slumps 31.2% on plastics and materials
Dow Chemical’s second-quarter 2012 net profit fell by 31.2% to $734m (€602m) on volatile economic conditions and customer de-stocking throughout most value chains, the US company said.

US July barge acetone contract fully settles at 1.1% increase
The US July barge acetone contract reached a full settlement at an increase of 1.1% from June levels, sources said.

BASF to seek 15 cent/lb increase for North American nylon
BASF will seek an increase of 15-cent/lb ($331/tonne, €275/tonne) for its North American nylon 6 polymer effective 1 August or as contracts allow as a result of higher raw materials costs, a company official said.

DuPont sees robust TiO2 outlook despite Q2 volume decline
The outlook for DuPont’s titanium dioxide (TiO2) business remains good, despite a year-on-year volume decline in the second quarter, the CEO of the diversified US-based chemicals and science major said.


By: Staff Reporter
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