Americas top stories: weekly summary
ICIS Editorial
06-Jul-2020
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.
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