Asia Chemical Industry Outlook for 2010

06 January 2010 08:31  [Source: ICIS news]

SINGAPORE (ICIS news)--The following OUTLOOK '10 stories were published by ICIS news between Thursday 24 December 2009 and Tuesday 5 January 2010. Please click on the headlines to read the full versions.

OUTLOOK '10: Stronger Asia EVA prices likely on better demand
Firmer prices of ethylene vinyl acetate (EVA) in Asia will be well supported this year by recovering demand from downstream footwear and packaging film sectors amid a lack of new capacities, industry sources said.

OUTLOOK ’10: Asia ADA to rise on supply curbs, strong benzene
SINGAPORE (ICIS news)--Asian adipic acid (ADA) values look set to increase this year on the back of supply controls and rising feedstock costs, industry sources said on Tuesday.

OUTLOOK ‘10: Asia caustic soda sees greater price flexibility
The Asian caustic soda industry will see greater pricing flexibility in 2010 as buyers and sellers expect to face continued market uncertainties, traders and producers said.

OUTLOOK '10: Asia base oils market to shake off volatility
Stable demand and ample regional supply will support the Asian base oils market this year, although softer prices can be expected amid weaker crude values, industry sources said.

OUTLOOK '10: Chinese demand to drive up SBR price in early 2010
Chinese demand for styrene butadiene rubber (SBR) is expected to remain robust in January as tyre makers and traders build up inventories ahead of the Lunar New Year in mid-February, market players said.

OUTLOOK ’10: Asia methanol prices seen firming up next quarter
Asia methanol prices are expected to stay firm in the first quarter of 2010 on strong demand, low inventories and tight feedstock supply, but are likely to dip from the second quarter because of new capacities, market players said.

OUTLOOK '10: Asian PVC prices to remain firm on feedstock costs
Asian polyvinyl chloride (PVC) prices are likely to remain firm at the start of next year due to high feedstock costs despite a seasonal lull in demand, markets players said.

OUTLOOK ‘10: China and US demand recovery to fuel butac market
Asia’s butyl acetate (butac) solvent market is poised for a recovery in the second half of 2010, fuelled by robust growth in China and an improving US property market, producers said.

OUTLOOK ‘10: Mideast-S Asia PE, PP makers see lower margins
The year 2010 could prove a challenge for polyolefins players in the Middle East and India compared to 2009, with a massive oversupply situation looming, industry sources said.

OUTLOOK ‘10: Asia MPG market to stay healthy on firm upstream costs
Mono propylene glycol (MPG) spot prices are expected to firm on a gentle gradient in first quarter in 2010 on high raw material costs, snug supply and better market expectation from the global economic recovery, industry sources said.

OUTLOOK '10: Asian styrenics off to a slow start in 2010
Asian demand for styrenic resins, especially expandable polystyrene (EPS), is expected to be weak in the first quarter of next year amid a seasonal lull, market players said.

OUTLOOK ’10: Asian ethylene poised to touch new high in 2010
Asian ethylene spot prices are poised to hit fresh highs in 2010, underpinned by prevailing tight supply in the region and from the Middle East, market players said.

OUTLOOK '10: Styrene Monomer to remain bullish in Q1 next year
Prices of styrene monomer (SM) are expected to continue an uptrend in the first quarter of next year as expectations of a global economic recovery continue to bolster sentiment, market participants said.

OUTLOOK ‘10: Chinese demand to support firmer Asia toluene
Asian toluene prices are likely to scale new highs next year, driven by strong buying interests from China and firmer energy values, industry sources said.

OUTLOOK ‘10: Asia benzene to gain on healthy demand, tight supply
Spot benzene prices in Asia may strengthen in 2010 on the back of healthy demand from downstream styrene market, although gains will likely be more tempered compared to a near-tripling of values this year, industry sources said.

OUTLOOK ’10: China, SE Asia PE, PP trade off to a weak start
Polyethylene (PE) and polypropylene (PP) trade in China and southeast Asia looks set on a weak start next year and may only pick up momentum starting the second quarter due to restocking, industry sources said.

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By: Staff Reporter
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