Americas top stories - weekly summary

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

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

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

US March MMA contracts move 5.1% higher on improved demand
US March methyl methacrylate (MMA) contracts moved 5.1% higher month on month, sources said Friday.

NACD to focus on addressing US regulatory overreach
One key focus for the National Association of Chemical Distributors (NACD) in 2013 will be to address US regulatory overreach – a major area of concern for small business members, officials said on Friday.

Fire-ice deposits in Japan, Alaska contain energy breakthrough
Production of methane gas from so-called “flammable ice” deposits off the coast of Japan and in Alaska represent a potential energy breakthrough, US government researchers said on Thursday.

US Dow Chemical speeds up divestments, targets $1bn in proceeds
Dow Chemical is speeding up its divestment programme, targeting more than $1bn (€770m) in proceeds from divestments, the US-based chemicals major said on Thursday.

US BD market sees prices softening with no lunar new year pop
Some US BD buyers and sellers were asking themselves on Wednesday, “Where is the lunar new year pop?” the uptick in demand (and sometimes prices) that has historically followed the Asian holiday.

LyondellBasell plans 800m lb/year ethylene expansion at Texas plant
LyondellBasell plans to add an additional 800m lb/year (363,000 tonnes/year) of ethylene capacity at its cracker at Corpus Christi, Texas, by late 2015, a senior executive said on Wednesday.

'Battle lines are being drawn' in US April MA contracts
A drop in feedstock costs could lead to a reduction in the April contract price for US maleic anhydride (MA), sources said on Tuesday.

US crude production in Dec was highest in 20 years
US crude oil production exceeded an average level of 7m bbls/day in November and December last year, the Department of Energy (DOE) said on Tuesday, marking the highest pace of domestic oil output in 20 years.

US caustic soda supply snug on demand from non-traditional buyers
Demand from non-traditional export destinations is straining US caustic soda availability, a market source said on Monday.

Vale decides to suspend potash project in Argentina
Unable to gain desired tax breaks for its $5.9bn (€4.5bn) Rio Colorado potash facility in Argentina, Brazil mining company Vale SA announced on Monday that it has informed the government that it is suspending implementation of the ambitious project.


By: Staff Reporter
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