Asia top stories - weekly summary

11 July 2011 01:00  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 8 July 2011.

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Focus - India PE, PP rebound on firmer domestic, China markets
Import prices of polyethylene (PE) and polypropylene (PP) into India increased by $20-60/tonne (€14-42/tonne) this week, bolstered by improved buying sentiment in the domestic, as well as in the Chinese, markets, industry sources said on Friday.

Focus - Possible arbitrage for China methanol to southeast Asia
The tight methanol supply in southeast Asia may lead to the opening of a short arbitrage window for Chinese suppliers as prices look set to shoot beyond $390/tonne (€273/tonne), market participants in Asia said on Friday.

Focus - Asia polysilicon to extend gains on higher Europe demand
Asia polysilicon prices strongly rebounded from lows and are expected to continue rising in the weeks ahead, supported by higher demand from Europe and gains in downstream photovoltaic values, industry players said on Friday.

Focus - Asia BR producers raise offers as feedstock BD prices soar
Asia butadiene rubber (BR) prices are expected to rise in July and August as regional producers are raising their offers in line with soaring feedstock butadiene (BD) costs, industry sources said on Friday.

Focus - Asia ABS prices rebound on firmer feedstocks, may rise further
Asian acrylonitrile-butadiene-styrene (ABS) resin prices have rebounded this week on the back of stronger sentiment and firmer feedstock costs, producers and traders said on Thursday.

Focus - China's acetic acid prices rebound amid plant shutdowns
Acetic acid prices in China are on the rebound for the third week running as spot cargoes have dried up amid a spate of plant shutdowns that is expected to keep supply tight through August, market participants said on Thursday.

Focus - Asia olefins market may see price recovery on tight supply
Asia
’s ethylene and propylene prices may recover from current lows on tightening supply, with a slew of turnarounds at regional crackers kicking in next month.

Focus - Asia phenol hits one-year low, may extend fall on poor demand
Phenol spot prices in Asia fell to a one -year low of $1,550-1,600/tonne (€1,070-1,104/tonne), plunging 24% from late May, with further declines expected in the weeks ahead on the back of sluggish demand in the key China market, industry sources said on Tuesday.

Focus - Asia BD may rise further as producers tap arbitrage window
Soaring Asia butadiene (BD) prices may still have room to go up in July as suppliers continue to export to the US on a lucrative arbitrage window, industry sources said on Tuesday.

Update - Thailand on road to political stability, petchems to benefit
Thailand may finally achieve political stability following the overwhelming victory of the Puea Thai Party in a peaceful general election on 3 July, which bodes well for future investments in the petrochemical industry, analysts said on Monday.


By: Staff Reporter
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