Americas top stories: weekly summary

ICIS Editorial

05-Jul-2019

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 5 July.

US PMDI prices decline on sufficient supply, weaker Asian pricing
US polymeric methylene diphenyl diisocyanate (PMDI) prices were assessed 5 cents/lb ($110/tonne) lower on sufficient supply and lower prices in Asian markets.

US June ethylene contracts fall amid lower costs
US June ethylene contracts settled down by 0.75 cent/lb from May for a majority of the market as lower production costs outweighed a mid-month spot-price uptick.

OPEC extends production cuts for another nine months
OPEC extended production cuts for another nine months, in a bid to bolster oil prices as the cartel faces a weakening outlook for global demand.

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