Americas top stories: weekly summary

Source: ICIS News


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 Virginia
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.

US November propylene contracts begin settling up 1 cent/lb
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 hike
US November contracts for polypropylene (PP) were assessed higher on Thursday following upward movement in propylene feedstock contracts.

US November ethylene contracts begin settling down 1.5 cents/lb
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.

US December benzene contracts settle higher on tight supply
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.