Americas top stories: weekly summary
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,
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.
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.
Huntsman faces activist investor shake up at
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
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
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.