Americas top stories - weekly summary

18 November 2013 15:00  [Source: ICIS news]

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 15 November 2013.

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US ethylene margins jump 7.9% on increase in spot prices
US ethylene margins climbed 7.9% week on week for the week ended 8 November, the ICIS margin report showed on Monday.

Traded volumes of Brazilian hydrous ethanol surge: CEPEA
Distributors are restocking diminished inventories of hydrous ethanol ahead of the long holiday weekend celebrating the Brazilian republic, research group CEPEA said on Tuesday.

US epoxy spot prices fall on long supply, aggressive selling
US epoxy resin spot prices fell on Tuesday on the back of long supply and aggressive selling.

Initial US Nov propylene contracts fall 1 cent/lb on lower spot
US November propylene contracts reached an initial settlement at a slight fall on Wednesday, sources said.

Prospects may brighten for chem M&A in 2014
The number of chemical deals could rebound in 2014 after closing what could be their worst year in a decade, an official with PricewaterhouseCoopers (PwC) said on Wednesday.

SABIC to shut W Virginia ABS plant, may sell US site
SABIC plans to close its plant in Washington, West Virginia, as part of a move to consolidate its acrylonitrile butadienestyrene (ABS) operations in the US, the company said on Thursday.

Brazil Odebrecht mulls ethane cracker, PE complex in W Virginia
Brazil-based construction firm Odebrecht is considering developing an ethane cracker and three polyethylene (PE) plants in West Virginia, the state's governor said on Thursday.

Ethane could be hurdle to Odebrecht PE complex in W Virginia
Securing long-term supplies of ethane will be the biggest challenge facing Odebrecht in developing an integrated polyethylene (PE) complex in West Virginia that would consume Marcellus shale gas in the northeast US, a consultant said on Thursday.

APLA '13: Weak reforms hurt Mexico's shale gas future – consultant
Mexico has “tremendous potential” to produce shale gas but current proposed government energy reforms may be insufficient to effect drastic changes that are needed, one consultant said on Friday.

US lowers biofuels mandate for 2014, draws praise and ire
The US on Friday proposed to lower its annual mandate for biofuels consumption for the first time, saying that refiners should blend 15.2bn gal of ethanol and other renewable fuels into the nation’s gasoline supply in 2014 instead of the scheduled 18bn gal.

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