Americas top stories - weekly summary

13 August 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 10 August 2012.

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

US August propylene falls 1.5 cents/lb in full settlement
US propylene contracts for August were fully settled at a reduction of 1.50 cents/lb ($33/tonne, €27/tonne), market sources said on Friday.

US propylene for Aug drops 1.5 cts/lb in initial settlements
US propylene contracts for August began to settle on Thursday at a reduction of 1.50 cents/lb ($33/tonne, €27/tonne), pressured by a recent decline in spot prices.

Canada NOVA Q2 profit falls 16% on lower margins, higher depreciation
NOVA Chemical’s second-quarter profit fell 16% year on year to $189m (€153m) as the company saw higher depreciation expenses and lower margins in its core olefins/polyolefins business, the Canada-based petrochemicals producer said on Thursday.

Firms accused of making no biofuel still on US producer list
Two companies accused of creating phoney biofuel credits remain as of Wednesday on a US regulator's list of registered producers.

US Q3 melamine contracts rise 4% on steady demand, snug supply
US melamine contract prices for the third quarter settled at an average increase of 3.5 cents/lb on steady demand and snug supply, according to ICIS on Wednesday.

US Flint Hills Resources to keep Illinois EPS plant
US expandable polystyrene (EPS) producer Flint Hills Resources will not sell its plant in Peru, Illinois, sources said on Tuesday.

Momentive Specialty Chemicals sees no bounce-back through 2012
Momentive Specialty Chemicals does not expect to see business recover before the end of the year, the CEO of the US-based producer said on Tuesday.

US CF Industries expects strong fertilizer demand
CF Industries expects positive business conditions for the remainder of 2012 into 2013, the US-based fertilizer maker said on Tuesday.

July chemical tanker traffic on Texas channel surges year on year
Chemical tanker arrivals in July on the Houston Ship Channel doubled year on year from surging gasoline and other petroleum product shipments, sources said on Monday.

By: Staff Reporter
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