Americas top stories - weekly summary

04 November 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 1 November 2013.

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

Mosaic to acquire CF Industries phosphate business for $1.2bn
Fertilizer producer Mosaic has agreed to acquire thephosphate business of CF Industries for $1.2bn in cash, plus $200m to fund CF Industries’ asset retirement obligation escrow, it said on Monday.

US ethane demand may prevent a repeat of Grangemouth deal
The wave of new ethylene plants being built in the US could tighten ethane supplies in the country, preventing future deals similar to the one that INEOS struck for its complex at Grangemouth, Scotland, according to petrochemical consultants.

US Q4 butanediol contracts settle slightly weaker
US Q4 butanediol (BDO) contract negotiations have concluded, with the overwhelming result being a rollover for large-volume accounts and a slight discount for small-volume accounts, market sources said on Tuesday.

US butac prices rise 3 cents/lb on steady demand
Contract and distributor prices for US butyl acetate (butac) inched up on Tuesday, as September price increases by US producers appears to have found buyers in the market.

CP Chem open to building another cracker, with US a possibility: exec
Chevron Phillips Chemical (CP Chem) is looking at opportunities to build crackers even as it prepares to build one on the US Gulf coast, an executive with joint venture partner Phillips 66 said on Wednesday.

Bolivia reveals plans for GTL, polyolefin, methanol complexes
Bolivia’s ministry of hydrocarbons and energy has released a report detailing an ambitious petrochemical construction programme that seeks to kick-start a new era through the industrialisation of the nation’s huge natural gas reserves.

US Phillips 66 to build LPG export terminal in Texas
Phillips 66 intends to develop a liquefied petroleum gas (LPG) export terminal in Freeport, Texas, the US-based energy and logistics major announced on Thursday.

US October PE contracts end flat, buyers eye future decrease
October contracts settled flat in the US polyethylene (PE) market, with tight supply dashing buyers' hopes for a price decrease during the month, sources said on Thursday.

US November butadiene contracts settle at 17% increase
US November butadiene (BD) contracts settled at a 17% increase on higher spot prices stemming from demand in Asia, sources confirmed on Friday.

US spot ethylene continues rally on bargain buying, export demand
US spot ethylene prices increased an average of 6.8% week on week during the week, boosted by bargain buying and increased export demand, sources said on Friday.

By: Staff Reporter
+44 20 8652 3214

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