Asia top stories - weekly summary

09 January 2012 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 6 January 2012

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OUTLOOK ’12: Asia petrochemical market to see rising competition
Petrochemical markets in Asia are likely to see increasing competition in 2012, amid low levels of economic growth in developed nations, as product flows are being redirected towards emerging regions.

OUTLOOK ’12: Asian base oils may stay soft amid fewer turnarounds
The surge in Asian base oil prices that occurred in the first half of 2011 is unlikely to be repeated in the same period this year amid a lighter refinery turnaround schedule and an uncertain global economic climate, market participants said.

OUTLOOK ’12: Volatile feedstocks to affect Asia oleochem prices
Asia’s oleochemical prices are likely to remain volatile in 2012 because of the unpredictable fluctuations in feedstock crude palm oil (CPO) and crude palm kernel oil (CPKO) prices and uncertain economic outlook, industry sources said.

OUTLOOK '12: Asia PET output may fall in H2 2012 on oversupply
Asia’s increasing oversupply of 'polyethylene terephthalate (PET) bottle chips may force producers in China to operate their plants at reduced rates in 2012, market sources said.

OUTLOOK ’12: Asia liquid epoxy resins to be soft on weak demand
Asia’s liquid epoxy resin (LER) prices will likely be soft in the first quarter of 2012 because of weak demand from China and a slowdown in exports to Europe and the US, traders and sellers said.

OUTLOOK ’12: Asia phenol margins under pressure on new capacities
Asian 'phenol makers’ margins will be under increasing pressure because of new capacities that are scheduled to come on stream and poor derivative demand amid an uncertain global economic outlook, market sources said.

OUTLOOK ’12: Asia titanium dioxide to stay high on firm feedstocks
Asia’s 'titanium dioxide (TiO2) market is likely to remain firm in 2012 as increasing raw material prices continue to pressure producers and supply is expected to remain tight, industry sources said.

OUTLOOK ’12: Asia MEG prices to rise as demand grows
The prices of 'monoethylene glycol (MEG) in Asia are set to rise in 2012 because of growing demand and limited capacity expansion, said producers, traders and buyers.

OUTLOOK ’12: Mideast PE, PP margins still good amid low growth
Middle East polyethylene (PE) and 'polypropylene (PP) producers will enjoy good margins because of stable feedstock costs in 2012, but prices will likely remain stable-to-soft as a result of competition and weak demand, industry players said.

OUTLOOK '12: Asia SBR prices to rise in Jan, may fall for rest of Q1
Styrene butadiene rubber (SBR) prices are under pressure to increase in January because of soaring feedstock 'butadiene (BD) costs but the price uptrend may not be sustainable after the Lunar New Year because of weak demand, industry sources said.

OUTLOOK ’12: Asia acetone trade flow to shift on new capacities
Asian 'acetone trade flow is set to shift, with imports of deep-sea cargoes expected to drop in 2012, in line with new capacities that are scheduled to come on stream in China, market sources said.

By: Staff Reporter
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