Americas top stories: weekly summary

17 April 2017 16:36 Source:ICIS News

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 14 April 2017:

US Enterprise to build Permian Basin NGL pipeline
Enterprise Products Partners plans to construct a pipeline to transport natural gas liquids (NGL) from the Permian Basin to the company’s NGL fractionation and storage complex in Mont Belvieu, Texas by the second quarter of 2019, Enterprise announced Monday.

Wanhua to build new MDI plant in Louisiana
China’s Wanhua has decided to build a new methyl di-p phenylene isocyanate (MDI) plant in Louisiana, ICIS learned on Monday.

North American EPS falls in April on feedstocks; May uncertain
North American April expandable polystyrene (EPS) prices have dropped, market participants said on Tuesday.

Caustic plant outage tightens supply in US river market
The US liquid caustic soda market - already snug on supply and with sharp increases for April contracts on the table - tightened on Tuesday as one producer informed some customers that it will be unable to provide material from its terminals on the US Mississippi and Ohio river system.

US base oil price increases emerge
The effects of tight supply/demand fundamentals for almost all base oil grades hit the market this week as price increases began to emerge, buyers and sellers said.

US fatty alcohols buyers watching palm kernel oil
US fatty alcohol buyers are keeping a close watch on palm kernel oil (PKO) prices because sinking prices for the Asian feedstock have buyers and sellers at odds on forward positions in alcohol purchases, according to sources on Thursday.  

Brazil’s Braskem reduces April PE prices
Braskem, the sole polyethylene (PE) producer in Brazil, reduced prices for all grades of PE in April, a company source confirmed this week.

US April PS contract prices decrease by 5 cents/lb
US April polystyrene (PS) contract prices have settled at a decrease of 5 cents/lb from the previous month, following separate price decrease nominations by various producers, market participants said on Friday.

By Staff Reporter