Asia top stories - weekly summary

30 July 2012 02:00  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 27 July 2012.

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Focus-Asia PMMA to extend declines on weak downstream markets
Spot prices of general purpose (GP) polymethyl methacrylate (PMMA) in Asia may soften further in August given a supply glut as consumption stays languid, market players said on Friday.

Focus-Asia soda ash caught in a continuous wide buy-sell gap
Asia soda ash spot price discussions have been in a deadlock since early July on a wide buy-sell gap, with no significant improvement expected in the near-term, industry sources said on Thursday.

Focus-Asia BR under pressure as BD prices look set to fall
Spot butadiene rubber (BR) prices in Asia are likely to be under pressure in August, with values of feedstock butadiene (BD) expected to come off soon after spiking by more than 30% in just a month, market sources said on Thursday.

Focus-Asia SM dips from recent high on weak crude futures, demand
Asian styrene monomer (SM) prices retreated this week after reaching a high of $1,410/tonne (€1,156/tonne) for the week ended 20 July on the back of weak US crude futures and slow demand, market sources said on Tuesday.

Saudi Aramco in discussions to sell second September naphtha cargo
Saudi Aramco is currently in discussions to sell a second 55,000 tonne naphtha cargo for September delivery, to be priced on Japan CFR (cost & freight) quotes, a source close to the company said on Thursday.

Thai PTTEP extends takeover offer for UK's Cove Energy to end-July
Thailand’s PTT Exploration and Production (PTTEP) said on Thursday it has extended the closing date of its £1.22bn ($1.91bn, €1.56bn) takeover offer for Cove Energy, which has operations in east Africa, to the end of July.


By: Staff Reporter
+44 20 8652 3214



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