Asia top stories - weekly summary

13 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 10 August 2012.

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Focus-Asia soap noodle price gap may prevail in Q4 on uncertainty
Asia’s soap noodle market may continue to see a gap between buyers’ and sellers’ prices into the fourth quarter of this year, market sources said on Friday.

Focus-Asia naphtha set on a wild ride; crack gains seen limited
Asia’s naphtha prices are likely to go on a roller-coaster ride, with gains in crack spreads expected to be capped by weak petrochemical demand and healthy supply, traders said on Friday.

Focus-China BD may extend falls as imports boost domestic supply
China's butadiene (BD) spot prices may fall further as demand remains weak while supply is being augmented by imports, industry sources said on Thursday.

Focus-PME Exports from Indonesia will fall during Ramadan - sources
Biodiesel exports from Indonesia, the major source of palm methyl ester (PME) worldwide, are expected to decline in August because of slower manufacturing activities during the ongoing Muslim fasting month of Ramadan, market participants said on Monday.

Focus-China PE, PP import prices to fluctuate in tight range
China’s polyethylene (PE) and polypropylene (PP) import prices are likely to stay within a tight range up to end-September as low inventory of the polymers coincided with weak downstream demand, industry sources said on Monday.

Fire at Iran's Bandar Imam complex kills one, shuts units -report
A fire broke out at Iran’s Bandar Imam petrochemical complex on 3 August, killing one and injuring 15 others, and prompted the shutdown of some facilities at the site, Shana news agency reported over the weekend.

Iran's Bandar Imam Petchem delays restart of PE, PP units
Bandar Imam Petrochemical Company (BIPC) has delayed the restart of its polyethylene (PE) and polypropylene (PP) units in Iran, following an unscheduled shutdown on 3 August, a source close to the company said on Thursday.

By: Staff Reporter
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