Americas top stories - weekly summary

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

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 22 November 2013.

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

APLA '13: Mexican energy reform tied to energy revamp
Mexico's proposed energy reform is tied to proposals to revamp its fiscal policies, a consultant based in the country said on Monday.

APLA ’13: ExxonMobil eyeing potential for South America cracker
An ExxonMobil official said on Monday that the US company is looking at its “notable absence” of steam crackers in South America.

APLA '13: Brazil Braskem seeks balance between gas, naphtha feed
Braskem is seeking a balance between using naphtha and using gas as a feedstock for its crackers, an executive with the Brazil-based producer said on Tuesday.

US November epoxy resin contract prices fall on long supply
US November epoxy resin contract prices fell, sources confirmed on Tuesday, tracking long supply and aggressive selling by importers.

US base oil spot prices fall on soft demand
US base oil prices are falling on seasonally soft demand and sidelined buyer interest, buyers and sellers said on Wednesday.

Fertilizer markets cautious, should start recovery in 2014 - exec
Weaker fundamentals and lower pricing have caused the fertilizer markets to develop a very cautious sentiment, but a Mosaic executive said on Wednesday that 2014 will see the pricing decline hit its bottom and begin a steady recovery.

OCI unit to build largest US methanol plant at Texas site
An OCI subsidiary will build a world-scale, 1.75m tonne/year methanol plant at its Texas site in Beaumont, the company said on Thursday.

EU tariff hike on Middle East PE exports may open window for US resin
A 2014 tariff hike on Middle East exports of polymers to Europe may open the window slightly for more material to flow to that region from the US, but the greatest trade boost will not likely be seen until future US polyethylene (PE) expansions are in place, producers and traders said.

US initial December BD contract nomination in at rollover
The first US December butadiene (BD) contract nomination was heard for a rollover, sources said on Friday.

By: Staff Reporter
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