Americas top stories - weekly summaries

24 February 2014 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 22 February 2014.

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US Feb MPG contracts up on feedstock and producer price hikes
US monopropylene glycol (MPG) contract values for February have moved upwards from January on the back of the higher settlement for feedstock propylene in January and producer-led price increases.

US February PP contracts fall 1 cent/lb on lower propylene
US polypropylene (PP) contract prices for February dropped by a penny, based on a slight drop in feedstock propylene costs.

US Williams Geismar cracker restart delayed; restart by end of June
Williams expects to restart its cracker in Geismar, Louisiana in June, two months later than anticipated and a full year after a fatal explosion at the site.

POET-DSM sees US cellulosic ethanol start-up by end of Q2
POET-DSM Advanced Biofuels expects to complete the start-up process for its US cellulosic ethanol complex by the end of the second quarter.

US natural gas futures reach five-year high above $6/MMBtu
Predictions for colder temperatures through coming weeks and concerns surrounding rapidly depleting inventories sent NYMEX natural gas futures soaring above the $6/MMBtu level on Wednesday.

Agrium’s potash expansion in Canada to cost 25% more
The expansion to Agrium's potash mine in Saskatchewan is going to cost 25% more than expected due to extreme winter conditions and reduced labour productivity.

Shell lifts styrene force majeure at Canadian plant
Shell Chemicals has lifted its force majeure on styrene out of its facility in Alberta, Canada.

Methanex's second Chile plant to be in Louisiana by September
Methanex's second methanol plant to be moved from Chile is being dismantled there and will be shipped to Louisiana in the next few months.

Initial US March BD contract nominated up 31% on spot surge
A US producer nominated its March butadiene (BD) contract up 31%, the first nomination heard for the month.

NOVA extends LLDPE outage at Canadian facility
Canadian polyethylene (PE) producer NOVA Chemicals has extended a planned maintenance outage at its Joffre, Alberta linear low density polyethylene (LLDPE) plant, with the estimated restart set for the end of February

By Staff Reporter