Americas top stories: weekly summary

Author: ICIS Editorial

2021/08/09

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 6 August.

LyondellBasell declares force majeure on PMA following US La Porte accident
LyondellBasell has declared a force majeure on propylene glycol methyl ether acetate (PMA) following an acetic acid leak in La Porte, Texas, on 27 July that killed two people and injured six others.

US July ethylene settles at record increase amid outages, rising ethane
US July ethylene contracts for the majority of market participants settled at an 11.0 cents/lb ($243/tonne) increase from June on higher month-on-month spot prices and cash costs.

US NOAA sees active Atlantic hurricane season with up to 5 major hurricanes
Atmospheric and oceanic conditions are “conducive” for an above-average Atlantic hurricane season, with 3-5 major hurricanes, officials at the National Oceanic and Atmospheric Administration (NOAA) said in a webcast update on Wednesday.

Trinseo sees lower styrene margins but continued derivative demand in 2H
US-based styrenics and engineered plastics producer Trinseo sees continued strong demand for polystyrene (PS), polycarbonate (PC) and acrylonitrile-butadiene-styrene (ABS) in 2H but anticipates lower profitability as styrene margins normalise as supply levels increase.

Freight rates continue to rocket with no end in sight to container crisis
Container freight rates continue to break records, with new data showing a further massive spike on the key Asia to Europe and Asia to US routes.

Canada’s Pembina Pipeline still eyeing PDH/PP - CEO
Canadian midstream energy company Pembina Pipeline is still looking at opportunities for a propane dehydrogenation/polypropylene (PDH/PP) facility, CEO Mick Dilger said in a webcast analysts' call on Friday.