Americas top stories: weekly summary
ICIS Editorial
09-Sep-2024
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 6 September.
Brazil’s
manufacturing sharply slows in August on higher
costs, lower demand
Brazil’s manufacturing PMI index for August
sharply slowed down from July on the back of
output falling for the first time in several
months due to subdued sales, and elevated cost
pressures, analysts at S&P Global said on
Monday.
INSIGHT: Brazil’s
natgas overhaul to benefit chems but crude
players push indispensable
The Brazilian government’s decree changing
natural gas regulations could potentially
overhaul the market and, along the way, benefit
the chemicals industry by providing it with
cheaper energy and eventually with ethane-based
feedstocks.
INSIGHT: LatAm
chemicals needs to be as plural as society to
reach full sales potential
For years, Latin American petrochemicals
companies have been trying to increase
diversity within to better represent the
consumers they want to sell their products to –
without much success.
Canada government
wobbles amid fallout from rail labor
dispute
Canada’s Liberal-led minority government under
Prime Minister Justin Trudeau is paying a heavy
price for its decision last month to
end the labor dispute at freight railroads
Canadian National (CN) and Canadian Pacific
Kansas City (CPKC) through binding arbitration.
SHIPPING: Union,
USWC ports at impasse as strike deadline looms;
container rates keep falling
A strike by union dock workers at East Coast
and US Gulf ports seems more likely after
International Longshoremen’s Association (ILA)
Wage Scale Delegates voted unanimously at the
end of their two-day meeting to support
leadership’s intentions to walk off the job if
a new labor deal is not agreed to when the
contract expires on 30 September.
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