Americas top stories - weekly summary

18 February 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 15 February 2013.

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US LDPE margins fall on higher feedstock costs
US polyethylene (PE) margins for low density polyethylene (LDPE) fell by 0.2% from the previous week, as higher feedstock ethane costs outweighed an increase in co-product credits, the ICIS margin report showed on Monday.

US ethylene margins fall 3.8% on downturn in spot values
US spot margins for ethylene fell by around 3.8% week on week, tracking a downturn in spot prices, the ICIS margin report showed on Monday.

US February propylene initially settles up 6 cents/lb
US propylene contracts for February have started to settle at an 8% gain, sources said on Monday.

MDI demand to outpace capacity growth – US Huntsman
Demand for methyl di-p-phenylene isocyanate (MDI) will likely outpace growth in capacity during the next few years, the CEO of US-based Huntsman said on Tuesday.

Arkema adds to US March acrylates price-hike efforts
Arkema will seek increases of 6 cents/lb ($132/tonne, €99/tonne), effective 1 March, for its domestic glacial acrylic acid (GAA) and acrylate esters, the chemical producer announced on Tuesday.

Shell considers linear alpha olefin expansion in US
Shell Chemical announced on Wednesday it is considering the addition of a fourth world-scale linear alpha olefin unit at its Geismar, Louisiana, petrochemical facility.

US PP February contracts rise 6 cents/lb with propylene
US polypropylene (PP) contract prices settled higher by 6 cents/lb ($132/tonne, €98/tonne) in February, following a similar increase in feedstock propylene, sources said on Thursday. 

US methanol spot jumps 5.5 cents/gal on higher European prices
US methanol spot barge prices have jumped 5.5 cents/gal in the past week on what some sources suspect are the lure of higher prices in Europe, sources said on Thursday.

US February truck acetone moves up on tightening supply
US February truck acetone prices moved 8.0% higher from January on tighter supply and rising feedstock costs, sources confirmed on Friday.

By: Staff Reporter
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