Americas top stories: weekly summary

07 May 2018 14:55 Source:ICIS News

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 4 May:

US barge/truck acetone spread flips on oversupply
A large supply and inventory overhang have narrowed the spread between large-buyer barge acetone and medium- and small-buyer truck/rail acetone.

US-China tariff threats begin to shift EDC, PVC trade flows
The tariff threat by China on US ethylene dichloride (EDC) and polyvinyl chloride (PVC) has slowed buying activity of those materials from the US in parts of Asia and is altering trade flows as market participants move to avoid becoming collateral damage.

US May benzene contracts settle lower on longer global supply
US May benzene contracts settled 6 cents/gal ($18/tonne) lower from April, putting prices at $2.93/gal free on board (FOB) US Gulf, as global supply lengthened, ICIS confirmed on Tuesday.

SABIC, ExxonMobil create joint venture for proposed US cracker project
SABIC and ExxonMobil created a joint venture to develop a complex in San Patricio county in Texas that will include an ethane cracker and downstream units, they said on Tuesday.

US refiners ready to navigate waves of marine fuel changes
With new marine fuel sulphur regulations about 1.5 years away, US refiners have geared up for the shift in ship fuel supply.

BASF to merge paper, water chems operations with US’ Solenis
BASF is to merge its water and paper treatment chemicals operations with Solenis, the former water technologies business of US-based Ashland, to create a business with annual revenues of around €2.4bn, the Germany-headquartered chemicals major said on Thursday.

DowDuPont HDPE debottleneck on track for mid-2018, EPDM unit end of 2018
US-based DowDuPont is on track to complete its polyethylene (PE) debottleneck and new elastomers project during 2018, its chief financial offer said on Thursday.

US April ethylene contract settlement delayed amid long supply, higher costs
US ethylene contract market participants have been unable to reach an agreement on an April settlement amid long supply, historically low spot prices and higher production costs.

By Staff Reporter