HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 1 December:
M&G seeks to
sell two US PET plants in Texas, W
A US subsidiary of Mossi & Ghisolfi (M&G) filed a motion in bankruptcy court to begin the sales process for some of its assets in the US, including its polyethyleneterephthalate (PET) plants in Texas and West Virginia.
US Dec BD fully
settles down 13%
US December butadiene (BD) contracts reached a full settlement at a decline of 13%, sources confirmed on Tuesday.
propylene contracts begin settling up 1
US November propylene contracts began settling on Wednesday at an increase of 1 cent/lb from the previous month, although the settlement is not yet marketwide.
US Nov PP
contracts rise with propylene
US November contracts for polypropylene (PP) were assessed higher on Thursday following upward movement in propylene feedstock contracts.
ethylene contracts begin settling down 1.5
US November ethylene contracts have begun settling at a decrease of 1.5 cents/lb from the prior month, market sources said on Friday, but the settlement is not yet marketwide.
benzene contracts settle higher on tight
US benzene contracts for December settled higher as supply limitations kept spot prices at elevated levels throughout the month of November, ICIS confirmed on Friday.