Americas top stories: weekly summary
ICIS Editorial
30-Apr-2018
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 27 April:
US trucking
issues pressure petrochemical
markets
Rising transportation costs are pressuring US
petrochemical markets, and chemical buyers are
being asked to help absorb those increased
costs.
US April
propylene contracts settle down 1
cent/lb
US April propylene contract prices
have been settled by a majority of participants
at a decrease of 1 cent/lb ($22/tonne) from
the prior month, market sources said on
Monday.
Formosa acquires
land in St James, Louisiana for new US petchem
complex
Formosa Petrochemical Corp has purchased a
2,400-acre (972-ha) site in St James Parish,
Louisiana for its new $9.4bn chemical complex,
the US state’s governor and the company’s
CEO announced on Monday.
Proposed China
tariffs pose minimal immediate concern for US
PE market
US polyethylene (PE) market
participants have expressed no great concern so
far to proposed Chinese tariffs on
imports of certain grades of US PE, among
other petrochemical products. Some feel there
is a possibility that tariffs may not be
imposed, while there is also a belief that the
US would be able to move into markets where
existing suppliers would divert material to
China if duties are imposed.
Inter Pipeline’s
Canada petchem complex to use WR Grace’s PP
tech
WR Grace has licensed
its UNIPOL polypropylene (PP)
process technology for Inter Pipeline’s new
integrated propane dehydrogenation
(PDH) and PP complex in Alberta, Canada, the
US-based company said on Tuesday.
US
spot ethylene continues falling to another low
on ample supply, soft
sentiment
US spot ethylene values continued to
fall, with front-month trades at 13.50-13.75
cents/lb on Wednesday, matching lows from
February 2002.
Methanex planning
third US methanol unit in
Louisiana
Geismar, Louisiana appears to have won the
bidding war staged earlier this year for
Methanex’s new North
American methanol plant.
INTERACTIVE: US
spot ethylene drops to 19-year low amid ample
supply
US spot ethylene values dropped to a
19-year low on Thursday as supply remains ample
and sentiment remains weak.
US April PP
contracts rollover on healthy demand, limited
supply
April contracts for
US polypropylene (PP) were assessed
on Friday at a rollover, reflecting a 1 cent/lb
($22/tonne) margin increase on top of existing
monomer-plus contracts.
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