Americas top stories: weekly summary

Author: ICIS Editorial

2020/07/06

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 2 July.

VIDEO: US spot methanol prices rebound from four-year low
Watch Markets Editor, Anna Matherne, discuss the current situation for US methanol contract and spot pricing.

Legal, regulatory uncertainty ups project financing costs for renewable power in Mexico
Regulatory uncertainty is guaranteed to increase costs of projects in Mexico’s renewable energy sector.

US SBR spot prices strengthen slightly amid firmer global sentiment
US styrene butadiene rubber (SBR) spot prices rose slightly in line with contract values amid firmer sentiment in global markets.

INSIGHT: Fertilizer industry prepared for extended Illinois River closure
The waters of the Illinois River are going to be increasingly quiet and less traversed over the next several months as a major maintenance effort commences today.

US June ethylene contracts settle up amid buoyant demand
US June ethylene contracts settled for the majority of participants at an increase of 0.5 cent/lb on higher spot prices and cash costs as demand rebounded.

US July benzene contracts jump nearly 40% on stronger crude and reopening economy
US July benzene contracts settled nearly 40% higher from June, as spot values have increased with a resurgence in crude prices and a gradual reopening of the US economy. July contracts, at $1.38/gal FOB (free on board) US Gulf, increased 39 cents/gal from 99 cents/gal in June.

US June propylene contracts settle at an increase amid production issues
US June propylene contracts settled at a 0.5 cent/lb increase from May, as spot prices rose amid production issues.The settlement puts June polymer-grade propylene (PGP) contracts at 26.5 cents/lb ($584/tonne) DEL (delivered) and chemical-grade propylene (CGP) at 25.0 cents/lb.

US chem shares rise amid upbeat aerospace, housing news
US-listed shares of chemical companies rose with the general stock market on Monday, with positive news in aerospace and signs of a potential rebound in the housing market.