Americas top stories: weekly summary
ICIS Editorial
08-Oct-2018
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 5 October.
US October
benzene contracts settle lower, tracking weaker
spot prices
US October benzene contracts settled
13 cents/gal ($39/tonne) lower month on month
at $2.85/gal free on board (FOB) US Gulf.
US October MA
faces upward pressure from
feedstocks
US maleic anhydride (MA) is facing upward
momentum from high feedstock butane.
Hexion seeks
mid-October increase for N America
BPA
Hexion is seeking a price increase on its
bisphenol A (BPA) in North America for
mid-October, and plans to raise off-list prices
for BPA by 5 cents/lb ($110/tonne), effective
15 October or as contracts allow.
Petchems set to
make up half of global oil demand growth to
2050 – IEA
The petrochemicals sector is expected to become
an increasingly dominant force in the crude oil
industry as it will represent nearly half of
global crude oil demand growth to 2050,
according to the International Energy Agency
(IEA) on Friday.
Canada trade
groups welcome NAFTA replacement amid
scepticism
Canadian chemical, auto and other trade groups
are cautiously welcoming the new
US-Mexico-Canada (USMCA) trade agreement – but
there are also sceptical voices.
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