Americas top stories: weekly summary
ICIS Editorial
10-Jan-2022
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 7 January.
US
December PE contracts decline on sufficient
supply, high inventories
US December polyethylene (PE) contracts were
assessed 7 cents/lb ($154/tonne) lower due to
high inventory levels and sufficient supplies
across all grades.
US
chemicals sector set for solid earnings growth
in 2022 – Wells Fargo
US chemicals companies are poised for strong
earnings growth in 2022, building on last
year’s gains, even amid inflation and pandemic
impacts, a Wall Street analyst said on
Thursday.
OUTLOOK ’22: Bullish
feedstock costs, worsening logistics to
underpin US fatty alcohols
Bullish feedstock costs and worsening shipping
logistics are expected to underpin US fatty
alcohols markets in 1H 2022 against the
backdrop of pent-up demand globally during the
pandemic.
OUTLOOK ’22: US
isocyanate supply relief to offset strong
downstream demand
The US isocyanate market is expected to see
some supply relief against elevated downstream
demand in 2022 as normal production levels
return.
ExxonMobil US Baytown run
rates still reduced; contractors discharged
from hospital
Units at the ExxonMobil refinery in Baytown,
Texas, continue to run at reduced
rates, according to a company spokesperson,
following a 23
December fire.
OUTLOOK ’22: Urea prices
firm on depleted stocks, expected seasonal
pick-up
To say 2021 was an unprecedented year for the
global urea market would be an understatement,
and it looks like 2022 will be no different.
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