Americas top stories - weekly summary

15 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.

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Focus: Latin American October PVC prices rise on feedstocks
Latin American polyvinyl chloride (PVC) prices rose this month on feedstock costs, thin margins and firming trends in other regions, industry participants said.

US October truck acetone falls on mixed supply situation
The US October truck acetone contract price settled lower on Friday, driven by a mixed supply situation.

US PP October contracts up 1.5 cent/lb with propylene
US polypropylene (PP) contract prices settled higher by 1.5 cents/lb ($33/tonne, €26/tonne), following an identical increase in feedstock propylene, sources said on Thursday. 

Focus: October PET strengthens in Latin America, driven by Asia
Latin American polyethylene terephthalate (PET) markets are strengthening this month, led by earlier firming in Asia and the US, according to industry participants.

Focus: N America TiO2 buyers destock, expect more price drops
North American titanium dioxide (TiO2) buyers are reducing inventories on expectations that prices could drop further before the end of the year, sources said.

US DOE sees natural gas prices climbing toward $4
The US said on Wednesday it expects domestic natural gas prices to rise in 2013 as use for the fuel is expected to climb in residential, commercial and industrial sectors along with continued high consumption among utilities.

US gasoline, diesel prices to decline through end of year – EIA
Retail gasoline and diesel prices should decline through the end of 2012, a government agency said on Wednesday.

US Cytec to sell coating resins business to Advent for $1.03bn
Cytec Industries is to sell its coating resins subsidiary to private equity firm Advent International for $1.03bn (€793m), the US-based firms said on Tuesday.

BP sells Texas City refinery to Marathon Petroleum for $2.5bn
BP has reached an agreement to sell its Texas City, Texas refinery and a portion of its retail and logistics network to US refiner Marathon Petroleum for $2.5bn (€1.9bn), the UK-based energy and chemicals firm said on Monday.


By: Staff Reporter
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