HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 3 August:
US July PP
contracts roll over, tracking monomer
US polypropylene (PP) contracts for July were assessed at a rollover, tracking an equivalent movement in propylene contract prices.
awards work for potential third US methanol
KBR has won a contract for work on Methanex’s potential third methanolproject at Geismar, Louisiana, the US petrochemicals engineer said on Tuesday.
US August benzene
contract settles higher on stronger spot
US August benzene contracts settled up 4 cents/gal ($12/tonne), putting prices at $2.88/gal free on board (FOB) US Gulf.
considers second PDH plant
Enterprise Products is considering a second propane dehydrogenation (PDH) unit given the outlook for propylene, the CEO of the US-based midstream and petrochemical producer said on Wednesday.
Lack of new
downstream plants lead to US ethylene
disconnect – DowDuPont
Ethylene markets in the US Gulf Coast have become disconnected because there is not enough derivative demand or supply to convert it, an executive with DowDuPont said on Thursday.
25% retaliatory tariff on US LNG, other goods;
timing yet to be set
The Chinese commerce ministry has announced retaliatory tariffs on US goods, including liquefied natural gas (LNG), which will be subject to a 25% tariff, the agency said on Friday.The timing of the tariffs will be announced at a later date.
US LNG sellers,
developers view China-imposed tariffs as
US liquefied natural gas (LNG) companies and advocates said that the announcement by China’s finance ministry on its intent to impose a 25% tariff on US LNG is detrimental for the industry, although timing of imposing the tariffs are unclear.