Americas top stories: weekly summary

06 August 2018 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 3 August:

US July PP contracts roll over, tracking monomer settlement
US polypropylene (PP) contracts for July were assessed at a rollover, tracking an equivalent movement in propylene contract prices.

Canada's Methanex awards work for potential third US methanol project
KBR has won a contract for work on Methanex’s potential third methanolproject at Geismar, Louisiana, the US petrochemicals engineer said on Tuesday.

US August benzene contract settles higher on stronger spot prices
US August benzene contracts settled up 4 cents/gal ($12/tonne), putting prices at $2.88/gal free on board (FOB) US Gulf.

US Enterprise considers second PDH plant
Enterprise Products is considering a second propane dehydrogenation (PDH) unit given the outlook for propylene, the CEO of the US-based midstream and petrochemical producer said on Wednesday.

Lack of new downstream plants lead to US ethylene disconnect – DowDuPont
Ethylene markets in the US Gulf Coast have become disconnected because there is not enough derivative demand or supply to convert it, an executive with DowDuPont said on Thursday.

China announces 25% retaliatory tariff on US LNG, other goods; timing yet to be set
The Chinese commerce ministry has announced retaliatory tariffs on US goods, including liquefied natural gas (LNG), which will be subject to a 25% tariff, the agency said on Friday.The timing of the tariffs will be announced at a later date.

US LNG sellers, developers view China-imposed tariffs as threat, unproductive
US liquefied natural gas (LNG) companies and advocates said that the announcement by China’s finance ministry on its intent to impose a 25% tariff on US LNG is detrimental for the industry, although timing of imposing the tariffs are unclear.

By Staff Reporter