Americas top stories: weekly summary
ICIS Editorial
25-Jan-2021
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 22 January.
Chip shortage threatens global auto sector,
demand for chemicals and
polymers
A global shortage of computer chips is
threatening the nascent recovery of automotive
production, as well as demand for automotive
chemicals around the world.
Freight rates volatility impact Latin American
PET markets
Rising freight rates since Q4 2020 have led to
continuous price increases not only for
domestic, but also for imported polyethylene
terephthalate (PET) in Latin America.
US Energy Transfer loads first cargo at new
Orbit ethane export terminal
The first very large ethane carrier (VLEC) was
loaded at US Energy Transfer and Chinese
Satellite Petrochemicals’s Orbit export
terminal in Nederland, Texas, according to a
press release from Energy Transfer.
INSIGHT: US economic stimulus may squeeze
already tight chem markets
The economic stimulus packages being proposed
in the US could further tighten in markets for
several plastics and chemicals.
INSIGHT: Resilient US economy, stimulus set to
boost chemicals demand in
2021
The US economy is heading into 2021 in
resilient shape, tested by the ongoing
coronavirus pandemic but on a solid path to
recovery, boding well for the US chemicals
industry.
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