Daily Chemical News Recommendation (Aug 23 2018)

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>> Turkey submits formal World Trade Organization complaint over US metals tariffs

 Turkey has formally requested dispute consultations with the World Trade Organization over the additional import duties the US has imposed on Turkish steel and aluminum imports, the WTO said Monday.

President Donald Trump on August 10 announced the US would double Turkey's tariff rate on steel imports to 50% and on aluminum to 20%, effective August 13. Turkey previously had been subject to the US Section 232 25% tariff on steel imports and 10% tariff on aluminum imports since taking effect March 23.  [More] 

 >> European styrene backwardation narrows following Maasvlakte production issue

 The backwardation between August and September in the European styrene market has narrowed this week following a production issue in the market. 

August was assessed at $19/mt above September on Thursday, narrowing significantly from $38.50/mt a week earlier as September prices climbed faster than August.No further news was available regarding the production issue at LyondellBasell and Covestro's jointly owned Maasvlakte propylene oxide/styrene monomer facility. Covestro declared force majeure on supplies from the unit in early August. [More]