HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 6 April:
US April benzene
contract settles lower on weaker spot
US April benzene contracts settled 7 cents/gal ($21/tonne) lower, sources confirmed on Monday.
INEOS awards EPC
contract for US PAO unit in
Canadian chemical engineer SNC-Lavalin and joint venture partner JV Driver were awarded an engineering, procurement and construction (EPC) contract to design and build a polyalphaolefin (PAO) unit at the INEOS petrochemical complex in Chocolate Bayou, Texas, it said on Tuesday.
US March ethylene
contracts settle down 1.75
US March ethylene contracts have settled for a majority of participants at a decline of 1.75 cents/lb from the prior month amid lower month-on-month spot prices, sources said on Tuesday.
US Air Products
breaks ground on methane reformer in
Air Products broke ground on a methane reformer and cold box that will supply carbon monoxide, hydrogen and steam to Huntsman's operations in Geismar, Louisiana, the US-based industrial gases producer said on Tuesday.
China to hike
tariffs on 106 US products, including
China has decided to increase tariffs on 106 products originated from US by 25%, with the chemicals sector one of the key targets of the measures according to a statement from China’s Ministry of Finance on Wednesday.
stocks slide as US-China trade war tensions
Chemicals sector stock prices sank on Wednesday following the announcement by Chinese authorities of retaliatory tariff measures against the US targeting sector exports.
tariffs to hit US LLDPE, LDPE as plants ramp
The tariffs that China has proposed against US products includes polyethylene (PE), which could deny producers the key market they planned to target just as they are starting up several plants that will produce the resin.
shutdown piles on propane price
The shutdown of a natural gas liquids (NGL) pipeline in the northeastern US is adding downward pressure in the US propane market, market sources said on Thursday.
Chem stocks fall
as Dow Jones falls 572.46
Stocks of US-listed chemical companies fell sharply on Friday as the Dow Jones Industrial Average fell by 2.34%.
US spot ethylene
falls to 16-year low amid tariff
US spot ethylene traded at a 16-year low on Friday amid long supply and concerns about proposed Chinese tariffs on chemicals.