Americas top stories: weekly summary
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 9 February.
chemicals output down 6% in 2023, producer
prices fall by 17%
Brazil’s chemicals output fell by 5.9% year on year in 2023, while plastics and rubber production rose by 1.2%, according to the country’s statistical office, IBGE.
start to 2024 for chemicals, even as economic
The US economy is proving most resilient but it is a different case for chemicals. And while the IMF raised its global GDP growth forecast for 2024 to 3.1% from a prior 2.9%, largely on an improving US outlook, chemical company guidance for Q1 following Q4 earnings calls all points to a rough start for the year.
US natgas prices
close below $2, benefiting chem
US natural gas prices fell below $2 on Wednesday, which, barring the pandemic, represent the lowest winter-time level since 1997.
closes one of two PX units at Texas City, Texas
INEOS Aromatics has closed one of its two paraxylene (PX) units at its Texas City, Texas site, according to a company spokesperson.
reinstate antidumping duty on US
Brazil is to reinstate antidumping duties (ADDs) on US polypropylene (PP), effective immediately after publication in the country’s official gazette.
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