Americas top stories - weekly summary

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

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 27 September 2013.

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

US ethylene margins fall 1.7% on weaker spot prices
US spot ethylene margins fell 1.7% for the week ended 20 September, the ICIS margin report showed on Monday.

Global ethylene capacity growth could be far below consensus: analyst
Actual global ethylene supply growth could be as much as 19.4m tonnes/year below consensus estimates, resulting in a cycle peak in 2016 that could last for multiple years, one analyst said on Monday.

Buyers expect jump in US methanol Oct contracts on tight supply
Buyers expect US methanol October contracts to rise at least 5 cents/gal on tightening supply in Trinidad, sources said on Tuesday.

Shell selects Louisiana site for potential $12.5bn GTL plant
Shell has selected a site in Louisiana for a potential gas-to-liquids (GTL) plant that could cost $12.5bn (€9.3bn) and create 740 direct jobs, the chemicals major announced on Tuesday.

US Dow to expand polyols, copolymer capacity in Texas
Dow Chemical is increasing its polyols and copolymer capacity at its Freeport facilities in Texas, the US producer announced on Wednesday.

US PS Sept contract prices increase on feedstocks, tight supply
US polystyrene (PS) contract prices on average rose in September from the previous month by 3 cent/lb ($66/tonne, €49/tonne) for the general purpose polystyrene (GPPS) and at least 1 cent/lb for the high-impact polystyrene (HIPS) due to gains in feedstock benzene and styrene costs and as inventories are tight amid supply disruption, market sources said.

PPG CEO sees coatings M&A opportunities in Asia, Latin America
US-based coatings giant PPG Industries is seeking to build on its leading coatings franchise with additional mergers and acquisitions (M&A) in emerging markets in Asia and Latin America, its chief executive said on Thursday.

US September PP contracts roll over on flat propylene
US polypropylene (PP) contracts for September settled flat compared with the previous month, tracking a flat settlement of propylene contracts, although a few buyers may have seen 2 cent/lb ($44/tonne, €33/tonne) margin increases over the monomer, market sources said on Thursday.

Helium bill gives soda ash producers royalty break
US natural soda ash producers would receive a small boon through the Helium Act which today sits on President Obama's desk awaiting his signature.

US BD October contract goes down to the final hour
With just one business day left in the month, the USbutadiene (BD) October contract remains unsettled as producers struggle to set prices for the coming month amid a sharp downturn in demand from the replacement tyre market, sources said on Friday.

By: Staff Reporter
+44 20 8652 3214

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