Americas top stories: weekly summary
ICIS Editorial
10-Jun-2024
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 7 June.
Celanese declares
force majeure on acetic acid and VAM in Europe,
Americas
Celanese has declared force majeure on acetic
acid and vinyl acetate monomer (VAM) in the
“Western Hemisphere”, which is understood to
include the Americas and the Europe, Middle
East and Africa region.
Canada rail
strike unlikely to begin before mid-to-late
July, rail carrier CN says
Rail carrier Canadian National (CN) estimates
that a threatened rail strike in Canada is
unlikely to begin before mid-to-late July, it
said in an update on its website on Thursday.
Mexico’s Altamira
petchems force majeure declarations continue on
severe drought
Petrochemicals producers in the production hub
of Altamira, in the Mexican state of
Tamaulipas, keep declaring force majeure as a
severe drought halved water supplies to
industrial players.
Brazil’s Braskem
expects operations at Triunfo to normalize in
‘coming days’
Braskem’s operations at Triunfo in floods-hit
state of Rio Grande do Sul are still yet fully
normalized, despite the plant having restarted
more than two weeks ago, a spokesperson said to
ICIS on Wednesday.
Pace of China
chemical capacity additions unsustainable –
Huntsman CEO
The blistering pace of chemical capacity
additions in China is likely to tail off, as
the current wave is the result of prior
planning during better times, the CEO of
Huntsman said.
IPEX: Index down
for first time this year on weak demand in all
regions
The ICIS Petrochemical Index (IPEX) was down
1.2% in May month on month, as weak downstream
demand paved the way for price declines in all
regions.
Protectionism and
tariffs a key concern for US chemicals – ACC
execs
The increasing trend towards protectionism and
tariffs is a key concern for the US chemical
industry, said executives at the American
Chemistry Council (ACC).
INSIGHT: Mexico’s
emissions, energy policy and Pemex main
challenges for new president
Mexico’s new – and first female – president
Claudia Sheinbaum will have to decide soon into
her term whether she changes course in two key
aspects: energy policy and greenhouse gas (GHG)
emissions, and the support for state-owned,
indebted and underperforming energy major
Pemex.
Nylon recovery
progressing but building and construction still
weak – AdvanSix CEO
AdvanSix continues to see a gradual recovery in
nylon demand driven by automotive and
packaging, but building and construction
remains challenged, said the CEO of AdvanSix.
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