Americas top stories - weekly summary

07 January 2013 15:00  [Source: ICIS news]

Americas top stories - weekly summary

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 4 January 2013.

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US ethylene for December settles at 44.50 cents/lb, down 1.7%
US ethylene contracts dropped by 1.7% for December, market sources said on Friday, as lower production costs last month outweighed an increase in spot prices.

US propylene producers seek hefty January contract increases
US propylene producers nominated increases of up to 23% for January, market sources said on Wednesday, seeking to capitalise on a surge in spot prices in the last few weeks of 2012.

OUTLOOK '13: US methanol big moves will continue
Look for more big moves in US methanol in 2013, as producers continue to follow the lure of cheap natural gas in North America and the shift toward methanol as a fuel source and additive.

By: Staff Reporter
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