Americas top stories: weekly summary
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 13 May.
INSIGHT: Tight US refined
products markets through summer, likely
weighing on base oils supply
US refiners expect strong product demand to outpace available supply at least through peak driving season, which is likely to keep US base oil supplies tight.
plans to boost bio-based alcohol and
ethoxylates capacity at Norco –
Shell plans to increase capacity for the use of bio-based feedstocks to produce alcohol and alcohol ethoxylates capacity at its Norco, Louisiana, site, an executive said on Tuesday.
INTERVIEW: No signs of
demand destruction amid rising TiO2 prices –
Amid rising titanium dioxide (TiO2) prices, there are no signs of demand destruction with inventories low across the value chain and consumers still seeking supply that continues to be constrained, a senior executive at Chemours said on Tuesday.
INSIGHT: Can US, global
economies avoid recession amid a whirlwind of
Can the US and major economies around the world avoid a recession in the face of what can only be called a whirlwind of headwinds?
inflation to dent demand; supply chain costs
increase by up to 60% in Q1 – SABIC
SABIC is facing “numerous challenges” related to supply chain woes as well as higher production costs while high inflation could end up denting end demand, the CEO at the Saudi petrochemicals major said on Thursday.
INSIGHT: US TSCA missing
deadlines for chem reviews –
The US TSCA programme, which reviews the safety of chemicals, is missing deadlines, a development that is preventing the introduction of new materials and threatening manufacturing and supply chains, the American Chemistry Council (ACC) said in a recent report.
PVC gets inquiries from Ukraine after two
months of silence
US suppliers of polyvinyl chloride (PVC) are getting inquiries from plastics processors in Ukraine, a surprise development in a war-torn market that has been almost completely silent in recent weeks.