Americas top stories - weekly summary

16 September 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 13 September 2013.

(Please click on the link to read the full text.)

US economy to grow 1.9% this year, 3% in 2014: analysts
The US economy likely will grow at a modest 1.9% this year but then ramp up to normal gross domestic product (GDP) expansion of 3% in 2014, leading business economists said on Monday, with next year’s growth driven chiefly by improving consumer spending, housing starts and employment.

US spot PGP drops 3.1% to start week in divided market
US spot polymer-grade propylene (PGP) traded 3.1% lower on Monday from the close of the previous week despite sources saying the market is expecting higher prices soon.

Kronos, Millennium reach settlements in US TiO2 price fixing suit
Pigment producers Kronos and Millennium Inorganic Chemicals have reached settlements in a titanium dioxide (TiO2) price-fixing lawsuit, joining DuPont and Huntsman in bringing the litigation to a close, according to court documents.

US September maleic anhydride contracts settle at rollover
US September maleic anhydride (MA) contracts settled at a rollover, sources confirmed on Tuesday.

Cristal to pay $50m, Kronos $35m to end US TiO2 price-fixing suit
Cristal has agreed to pay $50m (€38m) and Kronos $35m to settle a class-action lawsuit in the US that accused the companies of fixing prices for titanium dioxide (TiO2), according to court documents filed on Tuesday.

NR market's 'structural imbalance' could weigh on SBR
China has 500,000 tonnes of surplus natural rubber (NR), or about 5% of annual world production, sitting in warehouses, up from 200,000 tonnes of backlog a year ago, a consultant said on Wednesday.

Completion of Mexichem, Pemex JV to secure VCM supply for PVC
The joint venture (JV) for vinyl chloride monomer (VCM) production between Mexican petrochemical company Mexichem and Pemex's petrochemical business unit PPQ will secure the long-term supply of VCM needed for Mexichem’s polyvinyl chloride (PVC) operations, a source at Pemex said on Thursday.

LyondellBasell declares force majeure at US HDPE plant
LyondellBasell declared force majeure on Thursday at its biggest high density polyethylene (HDPE) plant in North America and for all its products there because of mechanical difficulties, the company said in a letter sent to customers.

US PVC August contract prices settle flat
US polyvinyl chloride (PVC) contract prices settled flat in August for the fourth consecutive month, while producers focused their efforts on pushing price initiatives to September, sources confirmed on Friday.

First contracts from Mexican energy reform by 2014: analyst
Mexico will likely adopt the energy reforms proposed earlier this year by President Enrique Pena Nieto, and the first contracts could be awarded by the end of next year, a director of a think tank said on Friday.

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index