Americas top stories - weekly summary

05 August 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 2 August 2013.

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

Sasol picks Emerson to automate US gas to liquids, ethane complex
Sasol chose Emerson Process Management to automate the company's gas-to-liquids (GTL) and ethane cracker complex in Lake Charles, Louisiana, the US-based firm said on Monday.

US July truck acetone settles flat, barge headed higher
US July truck acetone prices rolled over from June, despite producers’ effort to move prices upward, sources said on Monday.

US Eastman evaluating options for excess Texas ethylene
Eastman Chemical continues to evaluate options for its excess ethylene position at Longview, Texas, but its efforts may be delayed because of a recent tariff change on the site's common carrier ethylene pipeline, the company’s chief financial officer (CFO) said on Tuesday.

August US BD contract falls to 40-47 cents/lb in split settlement
With prices so low that no one really wants to sell product, the August US butadiene (BD) contract has settled, with a separate price from nearly every one of the four main US producers, sources said Tuesday.

Potash markets, producers react to Uralkali export withdrawal
The decision by Russian potash producer Uralkali to withdraw from its own exports sales group and predict a steep decline in future pricing for the crop nutrient caused a strong reaction on Tuesday from market traders and uncertainty from other fertilizer producers.

US Huntsman outlines possible fate of TiO2 business
The CEO of US-based Huntsman on Wednesday outlined the possible fate of its titanium dioxide (TiO2) business, as it is one of several companies considering options for its pigment unit.

US PE contracts settle flat in July, HDPE maintains margin increase
US July contract negotiations for polyethylene (PE) ended in a rollover, after producers agreed to postpone proposed increases until August, sources said on Thursday.

US Axiall to mull condo cracker plans in coming months: CEO
US integrated chemicals firm Axiall will have more definitive plans on its ethylene investment and possible condo cracker toward the end of the year or the first half of next year, a company executive said on Thursday.

US PX July contract fully settled at 1 cent/lb decline
The July contract price for US paraxylene (PX) was finally fully settled late in the day on 31 July at a 1 cent/lb ($22/tonne, €17/tonne) from June, sources confirmed on Thursday.

USG-Asia rates rise again as ships load up on aromatics
US Gulf-Asia chemical freight rates rose $2-5/tonne (€1.50-3.80/tonne) this week as vessels continued to load up on aromatics, brokers said on Friday.

NOVA mulls US Gulf, Canada ethylene for possible PE plant
NOVA Chemicals may use ethylene from the US Gulf coast or from an expanded cracker in Canada as feedstock for a new polyethylene (PE) plant, the CEO said on Friday.





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