Americas top stories - weekly summary

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

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 24 August 2012.

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

Low US ethane boosts likelihood of Mexichem/OxyChem cracker
If Mexichem and Occidental Chemical (OxyChem) go through with their proposed joint venture, their new ethane cracker in the US will likely be among the few projects to reach fruition, a consultant said.

Low water on Mississippi leads to eastern US GPPS force majeure
Americas Styrenics declared force majeure on general purpose polystyrene (GPPS) in the eastern half of the US, based on raw material delays caused by low-water in the Mississippi river system, sources said on Friday.

US September BD nominated at drops of 6, 7 cents/lb
Two September butadiene (BD) contract nominations have been offered, with both showing decreases from August, sources said on Thursday.

Production issues drive up US methanol spot prices
US methanol spot prices have shot up 4 cents/gal in the past week because of production issues in Trinidad and Texas, market sources said on Wednesday.

North America Q3 TiO2 prices erode on oversupply, imports
North American titanium dioxide (TiO2) contract values have fallen by 5-8 cents/lb ($110-176/tonne, €89-143/tonne) for the third quarter on soft demand and oversupply, but more weakness could come in September, market sources said on Tuesday.

US chemical activity barometer suggests slow second-half growth
A leading US economic indicator rose slightly in August from July, the American Chemistry Council (ACC) said on Tuesday, marking the second monthly improvement and suggesting modest but improving growth for the rest of this year.

Brazil's Braskem may see 2nd-half boost after net losses
The outlook for Braskem could brighten in the second half of the year, after the company reported its third net loss in four quarters as a result of a slowdown in the Brazilian economy.

A Schulman to acquire US compounder ECM Plastics for $36.5m
A Schulman has signed a definitive agreement to acquire fellow US-based plastics compounder ECM Plastics for $36.5m (€29.6m), it said on Monday.

By: Staff Reporter
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