Americas top stories - weekly summary

25 March 2013 14:38  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 21 March 2013.

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AFPM '13: US PP, PE buyers see divergent pricing heading into Q2
US polyethylene (PE) and polypropylene (PP) buyers are seeing divergent pricing heading into the second quarter, after both markets saw price increases in the first few months of the year, sources said this week heading into the American Fuel & Petrochemical Manufacturers (AFPM) International Petrochemical Conference.

Dow to develop new performance plastics capacity on US Gulf Coast
Dow Chemical is to capitalise on the US shale gas advantage by ramping up its performance plastics capacity on the US Gulf Coast, the specialty chemicals giant said on Monday.

US ethylene margins gain 1.5% on higher spot prices
US ethylene margins increased by 1.5% week on week, tracking stronger spot prices, the ICIS margin report showed on Monday.

A global chemical merger-acquisition season could soon take off
A robust mergers-and-acquisitions (M&A) season in the global chemical industry is primed for takeoff, two industry analysts said on Tuesday.

US spot acetone higher than phenol for first time since 2009
US spot acetone prices moved above spot phenol prices for the first time since 2009, sources said on Wednesday.

Feb US existing home sales up 0.8%, signal healthy recovery
US sales of existing homes rose by 0.8% in February from January, the National Association of Realtors (NAR) said on Thursday, adding that “a healthy recovery is underway in the housing sector”.

M&A outlook bright for adhesives and sealants sector
Hopes are high for the chemical mergers and acquisitions (M&A) market overall and the adhesives and sealants sector in particular.

BP, AlphaPet to build new PET unit at Alabama plant
BP and AlphaPet are joining together again to build a 500,000 tonne/year polyethylene terephthalate (PET) production unit at BP’s petrochemicals complex in Decatur, Alabama, the UK petroleum giant announced on Friday.

AFPM ’13: US olefins markets moving in opposite directions
Continued strength in US spot ethylene prices have moved them above spot prices for polymer-grade propylene (PGP) heading into the American Fuel & Petrochemical Manufacturers' (AFPM) International Petrochemical Conference (IPC).

AFPM ’13: US has 5 to 10 years to create manufacturing revival
The US has a five-to-10-year window to leverage its shale gas and oil advantage into a manufacturing renaissance, the president of the American Fuel & Petrochemical Manufacturers (AFPM) said on Sunday.

By: Staff Reporter
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