Americas top stories: weekly summary

Author: ICIS Editorial

2019/08/12

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 9 August.

Trade tensions, lengthening supply maintain downward pressure on US PE exports
US polyethylene (PE) export markets continue to face downward pressure as supply lengthens while trade tensions between the US and China deepen.

Global IPEX firms despite sharp Europe contraction
The Global ICIS Petrochemical Index (IPEX) firmed slightly in July as stronger pricing in the US and Asia offset another month of declines in Europe, despite the ongoing trade war.

US Tronox expects Q3 TiO2 pricing flat to slightly up from Q2
Tronox keeps working to improve pricing for its titanium dioxide (TiO2) products and already had “some success” in the current Q3 in Asia and Europe, John Romano, chief commercial officer of the US-based integrated global TiO2 producer said in an update on Wednesday.

New US-China trade clash raises risk – could US LDPE be a target?
The US-China trade war is intensifying, with the big guns coming out on both sides. US President Donald Trump’s threat on 1 August to slap 10% tariffs on an additional $300bn in imports from China starting on 1 September drew a strong response from China - the start of a currency war in the form of devaluation, along with the halt in agricultural purchases from the US and potential additional tariffs.

Canada’s Inter Pipeline advances on PDH/PP project
Canadian energy infrastructure and natural gas liquids (NGL) firm Inter Pipeline is making good progress on its Canadian dollar (C$) 3.5bn ($2.7bn) propane dehydrogenation/polypropylene (PDH/PP) project, currently under construction in Alberta province.