Americas top stories – weekly summary
ICIS Editorial
21-Oct-2013
HOUSTON (ICIS)–Here are some of the top stories from ICIS Americas for the week ended 18 October 2013.
(Please click on the link to read the full text.)
US ethylene margins fall
9.4% on declining spot
prices
US ethylene margins
fell 9.4% week on week for the week ended 11 October, the
ICIS margin report showed on Monday.
US high court agrees to hear
challenge to EPA greenhouse
rules
The US Supreme Court
said on Tuesday that it will consider a challenge to the
Environmental Protection Agency’s (EPA) rule that limits
emissions by power plants, refineries, chemicals facilities
and other industrial sites.
N America Q1 TiO2 price
hikes given slim to even odds of
success
North American
titanium dioxide (TiO2) customers said on Tuesday that the
three first-quarter price-hike initiatives that have surfaced
so far have somewhere between 0 and a 50/50 chance of
success.
US Senate leaders announce
deal to end debt crisis,
shutdown
Senate leaders
said on Wednesday that they have reached agreement on
legislation that will raise the US debt ceiling limit until
early February and fund federal government spending through
mid-January and end the shutdown.
US October acrylates roll
over on feedstock, seasonal
softness
US freely
negotiated acrylic acid and acrylate esters prices rolled
over for October on flat feedstock and seasonally soft
conditions, sources confirmed on Wednesday.
Obama says US will bounce
back from shutdown, debt
crisis
The US government
and the nation’s economy will bounce back from negative
effects of the federal shutdown and debt limit crisis,
President Barack Obama said on Thursday, as he assured other
nations that “the full faith and credit of the United States
is not threatened”.
US October PP contracts fall
2.5 cents/lb on lower
propylene
US polypropylene
(PP) contracts for October generally settled lower by 2.5
cents/lb ($55/tonne, €41/tonne), despite ongoing efforts by
some producers to expand margins, sources said on
Thursday.
US refiners to file suit
against federal biofuel
standard
US refiners plan
to file suit soon against federal environmental officials for
their anticipated failure to issue biofuel consumption
requirements for 2014, according to documents circulated on
Friday.
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