Americas top stories – weekly summary
ICIS Editorial
11-Nov-2013
HOUSTON (ICIS)–Here are some of the top stories from ICIS Americas for the week ended 8 November 2013.
(Please click on the link to read the full text.)
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.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
