Americas top stories: weekly summary

Author: ICIS Editorial

2019/08/19

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 16 August.

US July styrene contracts rise on higher upstream costs
US July styrene contracts rose by 1.5 cents/lb ($33/tonne), as higher upstream costs for feedstock benzene in June outweighed soft derivative demand.

US delays several proposed Chinese tariffs on plastics, chems to Dec
The US will delay the implementation of several proposed tariffs on plastic and chemical exports from China to 15 December.

US chems pummeled as Dow Jones falls 3.05%
US-listed chemical stocks fell sharply on Wednesday as the Dow Jones Industrial Average declined by 3.05%.

US EPIC to build ethane, ethylene pipelines to support Exxon-SABIC JV cracker project in Texas
EPIC Y-Grade Holdings will build more than 130 miles of 12” ethane and ethylene pipeline to support the Gulf Coast Growth Ventures (GCGV) steam cracker project near Corpus Christi, Texas, the US midstream energy company said on Thursday.

Sasol share price slumps as results release pushed back on Lake Charles cracker review
Sasol shares fell on Friday after the South Africa-based company announced delays to the release of its fiscal 2019 results as it continues to scrutinise issues at its flagship US cracker project.