Americas top stories – weekly summary

14 April 2014 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 12 April 2014.

(Please click on the link to read the full text.)

US PVC contract for March settles up 2 cents/lb
US polyvinyl chloride (PVC) contract prices for March settled during the week as producers substantially got the increase they wanted, even as export spot prices tumbled as US producers sought to match lowering prices in Asia.

US April MEG contracts down, while DEG contracts rise slightly
US monoethylene glycol (MEG) contract prices for April moved down 2-3 cents/lb ($44-$66/tonne), while diethylene glycol (DEG) contracts for April moved up 1 cent/lb, sources said.

US IPA contract prices continue market correction with 5-cent drop
US contract prices for isopropanol (IPA) fell 5 cents/lb, continuing a market correction after prices shot up this winter.

US RFA raises alarm as oil railcar shipments crowd out ethanol
US ethanol producers want rail carriers and authorities to take action as rising crude oil railcar shipments crowd out ethanol, contributing to “sheer chaos” on the country’s freight rail system, an industry group said.

New threat emerges to US soda ash exports to Australia
Penrice Soda Holdings, the Australian soda ash producer which quit producing last year in favor of buying product from the US, was placed under financial oversight as it struggles to pay down debt.

US producer prices rise 0.5% in March, spurred by services
US wholesale prices rose by 0.5% in March from February driven by prices for services at the producer level, the Department of Labor (DOL) said, while goods pricing was largely unchanged.

Utah refinery owner taking steps to prevent repeat of 2009 blast
Silver Eagle Refining has taken numerous steps to better ensure safety at its Woods Cross refinery in the years following the 2009 explosion and fire at the facility, a company executive said.

US Evangeline Pipeline restart likely pushed back to May - sources
The restart of the Evangeline Pipeline between Texas and Louisiana is expected to be pushed back to May from April, multiple sources told ICIS.

US April propylene contracts initially settle down 1 cent/lb
US April propylene contracts reached an initial settlement down, sources confirmed.

US March barge acetone settles higher on upstream pressure
US barge acetone has settled higher for March by 1.5 cents/lb ($33/tonne), most sources confirmed, with increases attributed at least partly to upstream pressure from higher average refinery-grade propylene (RGP) values.

By Staff Reporter