Americas top stories: weekly summary
ICIS Editorial
02-Jul-2018
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 29 June.
Court approves
Petrobras’s $2.95bn settlement in US
class-action suit
A US federal court approved a $2.95bn agreement
that Petrobras reached earlier this year to
settle a securities class-action lawsuit, the
Brazilian state energy producer said on Monday.
Texas methanol
start-up marks beginning of new era in
US
The commercial start-up of the OCI Natgasoline
plant this week marks the beginning
of a new era in the
US methanol industry.
Initial US June
propylene contracts settle at 8 cent/lb
increase
Initial June propylene contract price
settlements are at an increase of 8 cents/lb
($176/tonne) from the prior month,
although the settlement is not yet marketwide,
sources said on Monday.
US accuses three
of insider trading in Sherwin-Williams/Valspar
deal
The US Securities and Exchange Commission (SEC)
accused three traders of profiting from insider
information that they had about
Sherwin-Williams’s acquisition of Valspar.
US June epoxy
resin contracts decrease as availability
improves
US June epoxy resin contracts were
assessed at a decrease of 6 cents/lb
($132/tonne), the first decrease for epoxy
contracts since September 2017, after the
difficult situation seen over the previous two
quarters.
US June propylene
contracts settle up 8 cents/lb on snug
supply
US June propylene contracts settled
for a majority of the market at an 8 cent/lb
increase from the prior month amid
snug supply.
US June PP
contracts settle higher along with rising
monomer costs
US June polypropylene (PP) contracts
were assessed 8 cents/lb ($176/tonne) higher
from May, tracking an equivalent rise
in June propylene contracts.
US June PE
contracts roll over on higher oil, hurricane
fears
US June contracts
for polyethylene (PE) were assessed
at a rollover from May as higher crude-oil
costs and supply concerns during the Atlantic
hurricane season maintained a price floor.
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