Americas top stories - weekly summary

20 May 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 17 May 2013.

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

Obama, Cameron vow to advance US-EU trade deal
President Barack Obama and UK Prime Minister David Cameron on Monday vowed to pursue detailed negotiations toward a US-EU free trade agreement in hopes of making progress in time for the 17 June G8 conference.

Spot PGP increase could reverse May propylene contract direction
A recent increase in spot prices for polymer-grade propylene (PGP) on Tuesday could lead to a reversal of direction in US May propylene contract settlements.

US May domestic epoxy resins contract prices decrease 2.2%
US May domestic epoxy resins contract prices decreased 2.2% from April, sources said on Tuesday.

US Formosa brings two of three PE units back on line after fire
US polyethylene (PE) producer Formosa Plastics has brought two of three production units at its high density polyethylene (HDPE) I unit in Point Comfort, Texas, back on line following a fire at the complex, a company spokesman said on Wednesday.

Koch Nitrogen to build urea plant at its Oklahoma facility
US-based fertilizer producer Koch Nitrogen announced on Wednesday that it is building a new urea plant at its Enid, Oklahoma facility and undergoing a revamping process of its existing production facilities.

US May propylene contracts fall 1 cent/lb on softer demand
US May propylene contracts reached a full settlement at a slight decline, sources confirmed on Thursday.

US PE May price direction unclear on supply concerns
May price direction in the US polyethylene (PE) market has grown more uncertain after force majeure announcements by two producers have created supply concerns in the market, sources said on Thursday.

US officials approve proposal to export LNG to non-FTA countries
Freeport LNG has obtained conditional authorisation from the US Department of Energy (DOE) to export LNG to non-Free Trade Agreement (FTA) countries from a Texas terminal, the DOE announced on Friday.


By: Staff Reporter
+44 20 8652 3214



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