Americas top stories: weekly summary

08 October 2018 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 5 October.

US October benzene contracts settle lower, tracking weaker spot prices
US October benzene contracts settled 13 cents/gal ($39/tonne) lower month on month at $2.85/gal free on board (FOB) US Gulf.

US October MA faces upward pressure from feedstocks
US maleic anhydride (MA) is facing upward momentum from high feedstock butane.

Hexion seeks mid-October increase for N America BPA
Hexion is seeking a price increase on its bisphenol A (BPA) in North America for mid-October, and plans to raise off-list prices for BPA by 5 cents/lb ($110/tonne), effective 15 October or as contracts allow.

Petchems set to make up half of global oil demand growth to 2050 - IEA
The petrochemicals sector is expected to become an increasingly dominant force in the crude oil industry as it will represent nearly half of global crude oil demand growth to 2050, according to the International Energy Agency (IEA) on Friday.

Canada trade groups welcome NAFTA replacement amid scepticism
Canadian chemical, auto and other trade groups are cautiously welcoming the new US-Mexico-Canada (USMCA) trade agreement - but there are also sceptical voices.

By Staff Reporter