Americas top stories: weekly summary
ICIS Editorial
29-May-2023
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 26 May.
Brazil aims to prop up automotive with tax breaks for car purchases
Brazilians who purchase a vehicle will experience considerable tax breaks from the state as the government tries to prop up the petrochemicals-intensive automotive sector.
US May propylene contracts fall on lower spot prices
US May propylene contracts for market participants settled 8 cents/lb ($176/tonne) lower from April as spot prices continued to decline on length in supply and weaker than expected demand.
US railroad NS commits to enhanced safety as legislation works through Congress
US railroad Norfolk Southern (NS) and the leaders of 12 NS labour unions sent a letter to their employees and membership on Tuesday committing to working towards improvements in rail safety as legislation targeting the same works its way through Congress.
IFA ’23: Sulphuric acid tanker market in desperate search for ‘fuel of the future’
Freight rates remain a key concern for sulphuric and phosphoric acid players across the globe – especially as shipowners continue to delay investment in new-build chemical tankers, as the market searches for a path to achieve carbon-neutral shipping.
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