Americas top stories: weekly summary
ICIS Editorial
17-Apr-2017
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.
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