Americas top stories - weekly summary

08 October 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 5 October 2012.

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

Ethane supply, cracker outages boost US ethylene margins 58%
US ethylene margins have increased significantly in 2012 as prices have risen in response to a series of cracker shutdowns, while abundantethane supplies continued to provide the US with low-priced feedstock.

US RPM fiscal Q1 net income falls 56% on write-down in India
RPM International’s fiscal 2013 first-quarter net income fell 56% year on year to $33.9m (€26.1m), mainly because of the write-down of an investment in India, the US-based coatings, sealants and building materials firm said on Wednesday.

Europe crackers may buy US ethane on wide gap with naphtha
The large gap between naphtha and ethane costs could encourage more European producers to buy US ethane and ship it overseas to their crackers, analysts said.

Evonik to explore feedstock options for US MMA project
Germany-based chemical firm Evonik will explore feedstock options for its planned 120,000 tonne/year methyl methacrylate (MMA) plant in the US, a senior executive said on Monday.

US October BD contracts roll over at 83, 90 cents/lb
The US October butadiene (BD) contract rolled over at 83 cents/lb ($1,830/tonne, €1,409/tonne) and 90 cents/lb, market sources said on Friday.

US PP September contracts up by 1 cent/lb with propylene
US polypropylene (PP) contract prices settled higher for September, following an identical increase in feedstock propylene, sources said on Thursday. 

INEOS in deal to bring US shale ethane to Europe
INEOS plans to ship US shale-derived ethane to its Europe operations under a deal announced on Wednesday.

US September phenol could fall by more than feedstocks
US September phenol contracts could fall by more than what feedstock benzene contracts did for the same month as a result of softer markets, market sources said on Tuesday.

US propylene contracts for September settle up 1 cent/lb
US propylene contracts for September rose by 1 cent/lb ($22/tonne, €17/tonne), market sources said on Monday, confirming settlements reached late last week. 

US chemicals production falls in Aug as manufacturing weakens
US chemicals production fell in August from July as part of an overall softening across the nation’s broad manufacturing sector, a key report said on Monday.


By: Staff Reporter
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