Americas top stories - weekly summary

03 December 2012 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 30 November 2012.

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

US Dec BD settles down 7 cents/lb after mixed nominations
US butadiene (BD) December contracts all settled at a reduction of 7 cents/lb ($154/tonne, €119/tonne), sources said on Friday, after initial nominations were proposed at several different rates.

US Dec benzene settles at record high for second month in a row
The December benzene contract settled at a record high price of $4.93/gal ($1,476/tonne, €1,137/tonne), up by 3 cents/gal from the previous month, trade sources said on Friday.

Fluor sees 4-6 crackers built in the US
Between four to six worldscale crackers are likely to be built in the US in the coming years, leading to as many as 35,000 skilled craft labourers working in the US Gulf coast alone by 2015, the head of US-based Fluor’s energy and chemicals business said on Thursday.

US December methanol rolls over at 145, 148 cents/gal
US December methanol rolled over at 145 and 148 cents/gal with Methanex’s posting on Wednesday.

US December methanol expected to roll over on SCC posting
Southern Chemical Corp (SCC) posted 148 cents/gal for its December contract price on Wednesday, a repeat of its November number and confirming expectations of most observers that a rollover was in the works.

Braskem America secures propylene, improves operations
Braskem America, having secured sources of feedstock propylene, will now continue to focus on improving the operations of its acquired polypropylene (PP) plants in the US, the head of the company said on Tuesday.

GPCA '12: MEGlobal eyes expanded MEG Canada ops by H1 ‘13
Dubai-based MEGlobal is expected to begin operations at its newly-expanded monoethylene glycol (MEG) unit at Fort Saskatchewan in Canada by April-May next year, the firm’s CEO said on Tuesday.

US propylene producer nominates rollover for December
A US propylene producer on Monday nominated a rollover for December, market sources said.

US LDPE margins rise 0.78% on lower ethane prices
US polyethylene (PE) margins for low density polyethylene (LDPE) rose by 0.78% from the previous week, based on a decrease in ethane feedstock prices, which are at their lowest level since late June, the ICIS margin report showed on Monday.

By: Staff Reporter
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