Americas top stories - weekly summary

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

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 24 May 2013.

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

US ethylene margins jump 5.7% on increase in spot values
US ethylene margins jumped by 5.7% week on week for the week ended 17 May, the ICIS margin report showed on Monday.

US recovery continues, but growth in May lower than Q1 – ACC
The US economic recovery continues, but the nation’s rate of expansion in May was slower than in the first quarter of this year, according to a key chemicals sector leading indicator issued on Tuesday.

Major bipartisan bill to reform TSCA introduced in US Senate
A bipartisan group of US senators on Wednesday introduced what they termed a ground-breaking agreement to modernise the Toxic Substances Control Act (TSCA), the principal federal law governing chemicals in commerce.

Brazil's Innova, Unigel are up for sale, sources say
Important changes in polystyrene (PS) production ownership are looming in Brazil, with two out of three producers on the sales block, market sources said on Wednesday.

French Total mulls new US cracker to take advantage of shale gas
Total may build a new ethane cracker at Port Arthur, Texas, to take advantage of cheap feedstock from shale gas, the France-based energy and petrochemicals major said on Thursday.

US Dow to spend K-Dow award on reducing up to $2bn in debt
Dow Chemical plans to use part of its K-Dow award to reduce up to $2bn (€1.5bn) in debt this year, the US-based major said on Friday.

BD, SBR eye US Memorial Day to boost driving, revive demand
To say that the US butadiene (BD) and styrene-butadiene-rubber (SBR) markets are in the doldrums would be an understatement. If there is any hope for them to firm up prices, it will be signalled this weekend with the start of the summer vacation driving season in the US, which begins with Memorial Day and lasts through Labor Day.

By: Staff Reporter
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