Americas top stories - weekly summary

02 December 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 29 November 2012.

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

Trinidad melamine plant returns to production – sources
The melamine plant on the Caribbean island of Trinidad is back in operation following a prolonged outage after a turnaround of its feeder ammonia plant, sources familiar with the situation said on Monday.

US forward-month PGP jumps on pre-buying, supply concerns
US forward month polymer-grade propylene (PGP) moved up on Monday, moving the market further into contango.

DuPont-Kuraray deal could push VAM prices up – source
DuPont’s recent deal to sell its glass and vinyls business to Japan-based Kuraray could reduce the supply of vinyl acetate monomer (VAM) in the merchant market and drive prices up, a Latin American seller said on Tuesday.

US PET prices to remain soft on declining feedstock trends
US polyethylene terephthalate (PET) prices are projected to trend flat to slightly down next month amid the end of the year slowdown and upcoming  holiday season, market sources said on Tuesday.

Formosa announces 5 cent/lb increase for US December PP
US polypropylene (PP) producer Formosa Plastics announced a 5 cent/lb ($110/tonne, €81/tonne) price increase for all grades of PP effective on 1 December, sources said on Wednesday.

US December butadiene contracts settle fully at rollover
US December butadiene (BD) contracts rolled over on Wednesday, sources confirmed, tracking weak demand and steady supply.

By: Staff Reporter
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