Asia top stories - weekly summary

06 August 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 03 August 2012.

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Focus-Asia BD may extend falls; tight Taiwan supply to temper decline
Asia’s butadiene (BD) prices are likely to fall further on continued weakness in downstream demand, but declines may be tempered on expectations of tightening supply from Taiwan, industry sources said on Friday.

Focus-Asia caustic soda to stay in tight range on buy-sell discord
Asia’s caustic soda prices are unlikely to experience substantial fluctuations in the near term as firm offers from suppliers were met with stiff resistance from buyers, industry sources said on Wednesday.

Focus-Asia PBT consumption slows; China to export excess supply
Asia’s demand for natural grade polybutylene terephthalate (PBT) in Asia will continue to grow but at a more moderate pace over the next two years, with China looking to ship out its excess supply, industry sources said on Wednesday.

Focus-Asia VAM may rebound on firmer feedstock costs
Spot prices of vinyl acetate monomer (VAM) in Asia may have troughed and look set to rebound in the near term, on the back of firmer values of feedstocks ethylene and acetic acid, market sources said on Tuesday.

Focus-Asia methanol market shrugs off Malaysia supply disruption
Spot methanol prices in Asia are unlikely to move up by much as weak demand outweighs any impact from a recent supply disruption in Malaysia, industry sources said on Monday.

Focus-Mideast PE, PP buying slows on high offers amid Ramadan
Buying activities in the Middle East spot polyethylene (PE) and polypropylene (PP) resins market have slowed down during observance of the Muslim fasting month of Ramadan, with regional converters deeming the current August offers as too high, industry sources said on Tuesday.

Qatar’s Tasweeq offers full-range naphtha, plant condensate, GTL
Qatar International Petroleum Marketing Co (Tasweeq) offered by tender late on Thursday spot full-range naphtha, plant condensate and gas-to-liquids (GTL) naphtha for September delivery, traders said on Friday.


By: Staff Reporter
+44 20 8652 3214



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