Americas top stories: weekly summary

ICIS Editorial


HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 19 April.

IPEX: Global spot index edges down on softer values in northwest Europe
The global spot ICIS Petrochemical Index (IPEX) edged down on the back of lower spot values in northwest Europe, where derivative production problems continue to hamper appetite for some chemicals.

Argentina’s lower rates helping central bank shore up balance sheet at savers’ expense – economist
Argentina’s latest cut to interest rates had more to do with shoring up the central bank’s balance sheet, possible thanks to currency controls implemented by the prior Administration, than the actual control of price rises, according to the director at Buenos Aires-based Fundacion Capital.

US manufacturers ‘uniformly optimistic’ about 2024 activity – Fed Beige Book
US manufacturers were “uniformly optimistic” in March about the prospects for the next 12 months on expected higher sales, the country’s Federal Reserve (Fed) Beige Book said on Wednesday.

INSIGHT: Argentina’s petchems hit hardest by recession as country holds breath under Milei
Argentina’s petrochemicals are taking a severe hit amid the recession, with falls in demand for some materials of up to 50%, but companies and the country are holding firm under the new President’s economic shock therapy.

Green shoots spring in eastern Europe, strong interest in PPG’s architectural division – CEO
Amid Europe’s industrial crisis, green shots have started to appear in eastern countries, giving hopes the downturn in the region has bottomed out, the CEO at US paints and coatings major PPG said on Friday.


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