Americas top stories - weekly summary

08 April 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 5 April 2013.

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

CP Chem experiences ethylene unit shutdown at Texas cracker
Chevron Phillips Chemical (CPChem) reported a shutdown of an ethylene unit at its Sweeny complex in Texas during the weekend, a filing showed on Monday.

US March cumene falls on soft demand, weaker feedstock
US March cumene contract prices softened on weak demand and falling upstream values, sources confirmed on Monday.

US ethylene margins drop 7.4% on lower spot values
US ethylene margins fell by 7.4% for the week ended 29 March because of weaker spot prices, the ICIS margin report showed on Tuesday.

US already having ‘buyer’s remorse’ as Asia BD at $1,450/tonne
It has been less than a week since the butadiene (BD) US Gulf April contract price settled at rollover, or 84 cents/lb ($1,852/tonne, €1,445/tonne), and some market participants are already having “buyer’s remorse.”

US tyre makers break seasonal trend, lower production
Normally spring is when tyre makers think about ramping up production to meet increased demand during the summer driving months and the autumn selling season. No such luck in 2013.

Acrylate research breakthrough could lead to cheaper production
If necessity is the mother of invention, then economics might be the father of innovation – at least if you consider Wesley Bernskoetter.

US March ethylene rolls over on balanced supply, demand levels
US March ethylene contracts settled at a rollover, sources confirmed on Thursday, tracking balanced supply and demand levels.

US adds only 88,000 jobs in March, half the amount expected
The US economy added only 88,000 jobs in March, the Labor Department said on Friday, less than half of what many economists had been expecting and far below the 236,000 jobs created in February.

Don’t look for Asian BD in Europe any time soon – sources
The big news in the US butadiene (BD) market this week was a reported 5,000 tonne parcel of Asian product heading across the Pacific. This led some to ask, “What about Asian BD to Europe?”

By: Staff Reporter
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