Americas top stories: weekly summary

ICIS Editorial

15-Aug-2022

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 12 August.

Global IPEX slides 7.7% in July on lower chemical prices in NE Asia, NW Europe
The ICIS Petrochemical Index (IPEX) slid 7.7% month on month in July as petrochemical and plastic prices fell in northeast Asia and northwest Europe.

Dow lifts force majeure on MDI in North America
Dow has lifted its force majeure on PAPI, ISOBIND and ISONATE grades of methylene di-phenyl diisocyanate (MDI) in North America as of 8 August, according to a customer letter. The force majeure was originally declared on 8 June.

Dow, X-Energy to work on small modular nuclear power for US Gulf Coast chems site
Chemicals major Dow has signed a letter of intent with X-Energy to develop small modular nuclear technology options to provide process heat and power at one of Dow’s US Gulf Coast facilities by about 2030, it said on Tuesday.

Braskem Idesa to start construction of Mexico ethane terminal in Q3
Braskem Idesa plans to start construction of a Mexican ethane terminal in the third quarter, with completion expected in the second half of 2024, Brazilian partner of the joint venture said late on Wednesday.

China-US container rates continue to slump despite being in peak season
Shipping container rates from east Asia and China to the US continued to slump this week despite being in what is typically the peak season as many importers ordered goods earlier than normal to avoid delays from congested ports.

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