Americas top stories - weekly summary

11 November 2013 15:00 Source:ICIS News

HOUSTON (ICIS)--Here are some of the top stories from ICIS Americas for the week ended 8 November 2013.

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US Oct ethylene contracts expected to fall on lower spot prices
US October ethylene contracts appeared set for a fall on the back of the lowest spot prices in more than a year, sources said on Monday.

Brazil could raise mandatory biodiesel blend rate by January
Brazil may raise the biodiesel blend required in diesel fuel as early as January as producers contend with a soybean bumper crop expected for the 2013-2014 season, players in the sector said on Tuesday.

US November propylene contracts expected to fall slightly
US November propylene contracts are expected to settle at a slight decline despite a nomination for a rollover, sources said on Tuesday.

US propane spot prices reach 18-month high as exports strip supply
US spot propane spot prices reached an 18-month high early on Wednesday, as supply statistics showed propane consumption rose by 15.9% for the week ending 1 November, while inventories fell by 4.2%.

LyondellBasell may restart methanol plant by mid-December: sources
LyondellBasell’s restart of a mothballed Texas methanol plant should be completed by mid-December and possibly sooner, sources said on Wednesday.

US Q3 GDP rose by 2.8%, improving over the Q2 pace of 2.5%
The US economy expanded in the third quarter at an annual pace of 2.8%, the Commerce Department said on Thursday, marking a slight but definite improvement from the 2.5% growth rate seen in the second quarter this year.

US October ethylene contracts reach initial settlement down 2.2%
US October ethylene contracts reached an initial settlement at a decline of 2.2%, sources said on Thursday.

Wait on decision in Tronox, Anadarko $19bn lawsuit nears a year
Nearly a year after closing arguments had ended, a decision is still pending in a $19bn (€14bn) lawsuit pitting Tronox creditors against Anadarko and the pigment-producer's former corporate parent, Kerr-McGee.

US October ethylene contracts fully settle down 2.2%
US October ethylene contracts reached a full settlement down 2.2%, sources confirmed on Friday.

By Staff Reporter