24 January 2011 01:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the ?xml:namespace>
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Focus - China PE, PP to extend gains post-holidays on restocking
Surging Asian caprolactam prices are likely to remain firm in the months ahead due to tight supply and as downstream nylon makers scramble to secure the material to avert possible shortages, industry sources said on Thursday.
Focus - Asia BR to hit $4,000/t on tight supply, high rubber prices
Asia’s butadiene rubber (BR) prices are poised to breach the $4,000/tonne (€3,000/tonne) mark - highest since July 2008 - as tight supply and high natural rubber prices have spurred producers to hike offers for February, industry sources said on Wednesday.
Update - Most Yeosu petrochemical plants resume operations after outage
Petrochemical plants in
Asian naphtha prices are expected to succumb to downward pressure, if not for global Brent crude futures ticking at above $98/bbl (€73.5/bbl), as an armada of deep-sea supply found its way to this region, traders said on Tuesday.
Focus - Asia EPS demand may improve in second quarter
Demand for expandable polystyrene (EPS) in Asia is expected to remain weak until the second quarter, but prices are on the rise due to strong feedstock costs, industry sources said on Monday.
Hijacked chemical tanker is carrying methanol - agent
-A chemical tanker hijacked by pirates over the weekend some 2,000km from the
Saudi’s Sipchem Q4 net profit more than doubles to $33.4m
Saudi International Petrochemical Co (Sipchem) said on Sunday its fourth-quarter 2010 net profit more than doubled to Saudi riyals (SR) 125.1m ($33.4m) on the back of improved operational performance at plants, higher product prices and sales.
Freights for spot shipments from the Middle East to northeast (NE)
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