Americas top stories: weekly summary
ICIS Editorial
04-Jun-2018
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 1 June
Braskem, others
may shut down operations at Sao Paulo
industrial park
Braskem and several other chemical companies
and distributors may begin to shut down their
operations on Monday at the Grande ABC
industrial park in Sao Paulo state, Brazil,
just as a trucking union agreed to call off a
strike that had crippled the nation.
Enterprise,
Navigator begin construction on US ethylene
export terminal
Enterprise Products Partners and Navigator
Holdings announced on Tuesday that construction
is now under way on their joint
venture ethylene export terminal.
Trucker strike
disrupts Brazil operations for Braskem,
AkzoNobel
Braskem confirmed on Tuesday that it has
lowered rates at its industrial units in all of
Brazil following a recent trucker strike that
crippled the country.
BASF plants in
Brazil partially paralysed on trucker
strike
BASF said on Tuesday that its plants in Brazil
are partially paralysed because of a recent
truck-driver strike.
Brazil refinery
workers go on 72-hour strike
The Federation of Petroleum Workers (FUP) went
on a 72-hour strike on Wednesday, targeting all
but three of the refineries of state-producer
Petrobras.
INTERACTIVE: US
May propylene contracts settle up 5 cents/lb on
higher spot, upstream
US May propylene contracts settled
for a majority of participants at an increase
of 5 cents/lb ($110/tonne) from the prior
month, although the settlement was not
marketwide, sources said on Tuesday and
Wednesday.
US steel,
aluminium tariffs risk retaliation from allies
– ACC
The American Chemistry Council (ACC) on
Thursday warned of the potentially damaging
economic effects that will result from steel
and aluminium tariffs, which US President
Donald Trump recently augmented to include
Canada, Mexico and the EU.
MOVES: Brazil
Petrobras CEO resigns in wake of trucker
strike
The CEO of Petrobras has asked to be dismissed
of his duties, following a tumultuous week
marked by nationwide strikes protesting against
rising fuel prices, the Brazilian state energy
producer said on Friday.
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