Americas top stories - weekly summary

21 January 2014 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 18 January 2014.

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US styrene spot prices hit record highs on benzene
The recent record highs in the US benzene spot market have pushed downstream styrene spot prices to record highs, according to trade sources.

Freedom Industries files for bankruptcy after W Virginia chem spill
The company at the heart of last week’s chemical spill in West Virginia that left 300,000 residents without water for days filed for bankruptcy.

US KODA Distribution seeks more acquisitions in 2014
US-based KODA Distribution Group is seeking additional acquisitions of distribution assets in the oilfield chemicals and personal care ingredients areas, its chief executive said.

US January PP rises 5 cents/lb on propylene, margin expansion
US polypropylene (PP) contract prices for January were assessed higher, based on a jump in feedstock propylene prices as well as a successful margin increase implemented by producers.

Imports of US ethanol into Brazil will be damaging – executive
Brazil President Dilma Rousseff has not realised that ethanol imports from the US will result in damaging operations for the country's northeast region, an executive said.

Lunar New Year likely to impact US R-PET market: sources
China’s Lunar New Year celebrations will close shipping ports, further impacting the already-slow US recycled polyethylene terephthalate (R-PET) market, sources said.

US oil, rail industries confirm top rail transport safety meeting
Top executives from the US oil and rail industries met this week with US transportation secretary Anthony Foxx to discuss improvements to rail transport and railcar safety following a string of recent accidents, an official said.

New projects may raise US ethylene capacity by 52%, PE by 47%
An avalanche of petrochemical and polymers capacity is coming in the US, with construction starting in 2014.

Lion seeks definitive deal on SBR plant within 30 days
US-based Lion Copolymer is aiming for a definitive agreement to sell its styrene butadiene rubber (SBR) plant within 30 days, Peter De Leeuw, co-head of private equity firm Lion Chemical Capital, said.

US Q1 refined glycerine contracts widen amid fight for market share
The bulk of US Q1 glycerine contracts were assessed at rollovers, but prices widened amid a fight for market share.

By: Staff Reporter
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