Americas top stories: weekly summary

Author: ICIS Editorial

2020/05/11

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 08 May.

VIDEO: Recycled plastics demand falls by the wayside amid low oil prices during coronavirus
Watch News Reporter, Juhi Varma, discuss the state of the recycled plastics industry during the coronavirus pandemic.

US IPA prices see modest price declines as supply increases
While demand for isopropanol (IPA) continues to be strong due to surging demand for hand sanitizers, prices are starting to come down from previous highs.

INSIGHT: US sulphuric acid yet to feel supply squeeze despite lower production
The US sulphuric acid market has remained mostly balanced despite the pandemic and feedstock constraints.

Michigan reopening prompts firm dates for Big 3 automaker restarts
US automakers firmed restart dates for 18 May as Michigan announced phased reopening plans following coronavirus-related shutdowns.

US PET demand may be showing first signs of weakness
Demand for US polyethylene terephthalate (PET) remains strong, supported by sustained buying activity from the end-user segment - mainly at supermarkets via food packaging, according to many market participants.

INTERVIEW: Chemours TiO2 capacity expansions to be stretched out on capex cuts - CEO
Chemours will stretch the timing of its titanium dioxide (TiO2) capacity expansions toward 2021-2022, as it cuts capital spending (capex) on growth projects in 2020.

US Green Plains expects China to stick to trade agreement, make ethanol purchases
US ethanol producer Green Plains said it still expects China to stick to the first phase of the US-China trade agreement that requires ethanol purchases.

US April ethylene contracts settle at 18-year low on ample supply, soft demand
US April ethylene contracts settled for the majority of participants at a decrease of 1.25 cents/lb ($28/tonne), as lower spot prices outweighed higher cash costs amid muted demand.

PODCAST: US acrylates show signs of recovery amid ample supply, mixed demand
While the US glacial acrylic acid and acrylate esters markets face ample supply and mixed demand, there are some indicators pointing towards a recovery later in the year.

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