Americas top stories – weekly summary

21 April 2014 16:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 19 April 2014.

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US BD prices increase amid tight supply
US butadiene (BD) spot prices were assessed on Friday at an increase on the back of done deals, as well as higher price indications amid tight supply.

Route uncertainty, public comments at heart of Keystone XL delay
Uncertainty about the route of the proposed northern leg of the Keystone XL pipeline in Nebraska, as well as an “unprecedented” number of public comments, have led the US State Department to delay its recommendation on whether the project is in the nation’s interest, senior department officials said.

Shell picks Linde for FEED on proposed cracker in Pennsylvania
Shell has chosen German engineering firm Linde to conduct the front-end engineering and design (FEED) work for the company's proposed ethane cracker in western Pennsylvania, the company said.

ExxonMobil's 5-cent MEK initiative surprises well-supplied market
ExxonMobil’s 5 cent/lb ($110/tonne) price increase announcement for US methyl ethyl ketone (MEK) will likely be derailed by plenty of supply in the market, sources said.

US spot methanol plunges to seven-month low as Asian imports arrive
US methanol spot barge prices plunged 12 cents/gal this week to a seven-month low as imported material from Asia began arriving in the US Gulf, sources said.

US construction recovery to be helped by commercial projects – CEO
While slower than expected and uneven, the US construction recovery remains alive and should be aided by the long-term uptick in non-residential construction, the CEO of PPG Industries said.

US April PP contracts fall 1 cent/lb on lower propylene
US polypropylene (PP) contract prices for April fell slightly, following a drop in feedstock propylene costs, sources said.

City, industry rebuilding a year after West Fertilizer blast
In the early evening of 17 April 2013, an explosion at a retail fertilizer distribution facility in central Texas fractured a close-knit community and shook the fertilizer industry and those who regulate it in North America.

TiO2 recovery to continue at ‘measured pace’ - DuPont execs
DuPont believes that the recovery in the titanium dioxide (TiO2) industry will continue, but the improvement will be "at a measured pace," the top executives of the US-based producer said.

US ethylene set to peak in May on pipeline restart
In the expected tug-of-war between Texas and Louisiana spot ethylene prices, Texas is expected to win.

By: Staff Reporter
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