Americas top stories - weekly summary

09 September 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 6 September 2013.

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Dow seeks 10 cents/lb increase for all US PE grades by Oct
Dow Chemical plans to increase prices of all US polyethylene (PE) grades by 5 cents/lb ($110/tonne, €84/tonne) in October on top of previously announced 5 cents/lb September increases, but sources said on Tuesday that chances of the market accepting the increases are low.

US August ethylene contracts could move up on feedstocks
US August ethylene contracts were likely to increase on higher production costs and steady spot prices, sources said on Tuesday.

New US plants vie to turn biomass into fuel
The first large-scale cellulosic plants are putting vastly different processes to work as they begin operations, in what could be the first successes after years of investment and failure.

US spot ethylene prices dip 4.1% day on day on higher inventories
US spot ethylene prices fell 4.1% day on day, sources said on Wednesday, although the market said there was no decisive reason why.

US August ethylene contracts fully settle up 1.1% from July
US August ethylene contracts reached a full settlement up 1.1% from July, buyers and sellers confirmed on Thursday.

US Huntsman's Oxid deal to expand PU insulation products
Huntsman's acquisition of the Oxid business will help the company benefit from the growing polyurethanes (PU) insulation market, an executive for the US-based isocyanates producer said on Thursday.

US growth this year to be low, but ’14 better and '15 normal
US gross domestic product (GDP) growth for this year will likely be lower than earlier expected, a major manufacturing group said on Friday, with the nation’s GDP expected to expand by only 1.6% by year's end.

US front-month ethylene rebounds, moves into backwardation
US front-month ethylene switched to backwardation from contango on Friday based on several spot trades.

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