Americas top stories – weekly summary

10 March 2014 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 8 March 2014.

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US February ethylene settles 1.5% lower on weaker spot
US February ethylene contracts were assessed 1.5% lower on Friday following a full settlement.

US crude rises $1.02/bbl on Ukraine crisis
NYMEX light sweet crude for April delivery settled at $102.58/bbl, up $1.02, on the perception that the Ukraine crisis is not easing and is not about to find a diplomatic settlement.

Ex-Fed chief ‘moderately optimistic’ about industrialised economies
Major industrialised economies such as the US are “showing signs of recovery to different degrees”, the former chairman of the Federal Reserve said.

US economy to grow 2.8% this year, manufacturers predict
The US economy likely will expand this year by 2.8%, a key manufacturing group said, raising its forecast from a previous estimate, as consumer spending, business investment and the housing recovery accelerate.

Fossil fuels are part of a clean energy future - EPA administrator
Conventional fuels such as crude oil, natural gas and coal are going to play a critical role in the clean energy future of the US, the head of the Environmental Protection Agency (EPA) said.

US Feb PET falls 2.5-3.0 cents/lb on lower feedstock
US polyethylene terephthalate (PET) prices for February fell on the back of declining feedstock costs, market sources confirmed.

US March propylene expected to fall on weaker spot market
US March propylene contracts are expected to fall, tracking weakness in the spot market, sources said.

US safety chief urges wider EPA role in chemical site safety
A top federal safety official called for the Environmental Protection Agency (EPA) to enforce inherently safer technology (IST) at US chemical facilities and refineries, saying the nation is “facing an industrial chemical safety crisis”.

US petchem to keep cost advantage with high LNG exports − study
The US petrochemical industry will remain one of the world's lowest cost producers even if the country exports large amounts of liquefied natural gas (LNG), according to the findings of a study.

US firm seeks to upscale method of making chems from CO2
US firm Liquid Light has unveiled a catalytic process to make industrial chemicals from carbon dioxide and now will work on scaling the process up to commercial levels, the CEO said.

By Staff Reporter