Americas top stories: weekly summary
ICIS Editorial
12-Feb-2018
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 9 February:
Chem stocks drop
as Dow falls more than 6% during the
day
Chemical stocks fell as the Dow Jones
Industrial Average dropped by more than 6% on
Monday, before the index recovered to close at
a decline of 4.60%.
ExxonMobil’s new
US cracker mechanically complete, commissioning
underway
ExxonMobil’s new ethane cracker at
Baytown, Texas, is mechanically complete, with
commissioning progressing well, the US-based
energy and chemicals major said on Tuesday.
Formosa declares
force majeure on US LLDPE, HMW
PE
Formosa Plastics USA has declared force majeure
on all of its linear low
density polyethylene (LLDPE)
and Formolene bimodal high molecular
weight (HMW) polyethylene (PE) products, it
said in a Wednesday customer letter.
Chems fall again
as Dow falls 4.15%
Chemical stocks plunged on Thursday as the Dow
Jones Industrial Average had a second large
sell-off this week, falling by 4.15% percent.
North America Q1
TiO2 prices move higher on supply, demand
pressure
North America Q1 TiO2 contract prices settled
higher on Friday on continued pressure from
healthy demand and tight supply.
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