Americas top stories: weekly summary
ICIS Editorial
17-Jan-2022
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 14 January.
December IPEX down 6% on
sharp price drops in northeast Asia,
US
The ICIS Petrochemical Index (IPEX) dropped by
6.2% month on month in December, tracking price
declines across the main petrochemical and
plastic global markets, not least in northeast
Asia and the US.
Domestic PE prices move
lower for January in Brazil
Domestic polyethylene (PE) prices for January
were nominated with decreases in Brazil,
according to market sources.
New
COVID outbreaks in new year likely to impact
cargo movement – Maersk
The container shipping industry is continuing
to battle with congested ports and labour
issues, including outbreaks of COVID-19 in the
area surrounding one of China’s largest ports
that are making it harder to move product from
region to region.
US
Huntsman faces activist investor shake up at
AGM
US investor Starboard Value has nominated four
candidates to the board of directors for
election at chemicals major Huntsman’s next
annual general meeting (AGM).
Celanese lifts Americas
force majeure on VAM, issues sales
control
US-based acetyls producer Celanese has lifted
its force majeure on vinyl acetate monomer
(VAM) in the Americas.
Shipping container rates
from China to US on rise
again
Rates for shipping containers from east Asia
and China to both US coasts are on the rise
again as US consumers’ demand for goods shows
no signs of easing.
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