Americas top stories – weekly summary

09 June 2014 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 7 June 2014.

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US spot ethylene rises during the week on supply concerns
US spot ethylene prices were assessed higher as concerns about tight supply remained the focus of market participants.

US ACN spot prices on uptrend amid tight supply
US Gulf acrylonitrile (ACN) spot prices were assessed at an increase to reflect higher deals reported amid tight supply.

US June propylene contracts fall 3 cents/lb on longer supply
US June propylene contracts reached a full settlement, sources confirmed, pressured lower by longer supply.

US chem leader welcomes new federal plan for site safety
US chemical sector leaders welcomed a 120-page chemical facility safety action plan delivered to the White House by federal regulators, saying the multi-agency report recognises the key role of industry stakeholders.

US methanol spot prices fall 3-4 cents/gal on influx of imports
US methanol spot barge prices continued to fall this week, dropping by 3-4 cents/gal on continued supply gains from imports, sources said.

US June MX contract firms 2 cents/gal
The US June mixed xylenes (MX) contract settled at $3.52/gal this week, an increase of 2 cents/gal from the May contract price, according to contract participants.

US May PET prices steady to up on firmer feedstock costs
US polyethylene terephthalate (PET) monthly negotiated prices for May were assessed steady to up as market participants either settled at a rollover or at an increase from April, market sources said.

US fully refined paraffin wax spot prices move up
US fully refined paraffin wax (p-wax) spot prices are moving up as increases announced earlier in the month find implementation, sources said.

US styrene prices firm on emerging global production issues
US styrene spot prices firmed this week as domestic and foreign production issues emerged, according to trade participants.

US SBR spot prices fall on downward pressure from imports
US styrene-butadiene-rubber (SBR) spot prices were assessed at a decline but within a wide range as players had very different opinions on what values were representative of the market.

By Staff Reporter