Americas top stories: weekly summary
ICIS Editorial
09-Jul-2018
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 6 July:
US July benzene
contract settles lower on sufficient
supply
US benzene contracts for July settled
at $2.84/gal free on board (FOB) US Gulf, a
decline of 15 cents/gal from June, as
sufficient supplies weighed down prices.
Spot, costs push
up US June ethylene contracts after four-month
drop
US ethylene contracts for June settled higher
for the first time since January, pushed up by
increased production costs and spot prices.
China will not
implement tariffs ahead of the US – Ministry of
Finance
China will not move ahead with tit-for-tat
import tariffs before Washington makes a move
to impose them on Friday.
US ethylene
length to continue through
2018
Length in the US ethylene market is likely to
continue through the second half of 2018 as
more crackers start up, but increasing costs
for feedstocks may provide pricing support.
US-China trade
war begins; tariffs on $34bn goods take
effect
US tariffs on $34bn on Chinese goods took
effect on Friday, prompting China to respond
with the same scale and intensity, effectively
triggering a trade war between the world’s two
biggest economies.
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