Americas top stories: weekly summary
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 1 September.
Rates for shipping containers from east Asia and China to the US rose again this week, restrictions for passing through the Panama Canal because of the low water levels are expected to remain in place for the next 10 months and unionised dockworkers officially ratified the new labour agreement, all of which highlight this week’s logistics roundup.
With Hurricane Idalia marking the height of the hurricane season, refiners and petrochemical producers are staring at the prospects of a year’s worth of weather disruptions, following the shutdowns this past winter and challenges caused by the heat this summer.
Following a recent deflagration at Dow’s Plaquemine, Louisiana, ethylene oxide (EO) unit, market participants in downstream markets including ethylene glycols (EG) and ethanolamines continue to seek the best plan of action, including focusing on imports, to cope with the potentially long-term supply disruptions as a result of the incident.
A US court ordered Olin to supply Odyssey Manufacturing with HyPure bleach while the two companies proceed with a lawsuit over their supply contract.
The global spot ICIS Petrochemical Index (IPEX) increased 1.2% in the week to 25 August, on the back of stronger prices across all regions, not least northwest Europe.
The Brazilian government has reinstated a tax break for the chemicals industry after intense lobbying from the sector.
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