Asia top stories - weekly summary

10 September 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 7 September 2012.

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Focus - China MTBE may stabilise; buying interest low, supply tight
Prices of methyl tertiary butyl ether (MTBE) in China are expected to be largely stable in September, as a reduction in supply coincides with low buying interest, market sources said on Friday.

Focus - India demand for HDPE/PP woven sacks to grow through October
India’s demand for woven sacks made of high density polyethylene (HDPE) or polypropylene (PP) may increase this harvest season with the proposed relaxation of strict rules on raw materials used in food grains packaging, a government official said on Thursday.

Focus - China SBR may extend falls as sellers offload surplus stocks
Spot styrene butadiene rubber (SBR) values in China may continue falling as sellers offload surplus stocks at lower prices, while demand has remained weak amid the global economic slowdown, market players said on Thursday.

Focus - Asia PVC to extend gains on tight supply, high feedstock costs
Polyvinyl chloride (PVC) prices in Asia may strengthen further in the near term, driven by restricted cargo availability and escalating prices of feedstock ethylene, industry sources said on Wednesday.

Focus - Weak demand weighs on Asia styrenics prices, outlook weak
Asian styrenic resin prices are stagnating despite suppliers’ efforts to boost them amid persistently poor demand with outlook for the next few weeks remaining bearish, industry sources said on Tuesday.

Focus - India PE, PP domestic trades pick up on higher list prices
Trading activity in India's domestic polyethylene (PE) and polypropylene (PP) open market gained momentum this week, as local producers hike list prices by an average of rupee (Rs) 1.00-2.00/kg ($18.00-36.00/tonne), industry sources said on Tuesday.

Interview - France's Total supports Asia-Pac lubes business via India
French oil and gas major Total aims to develop lubricants products that will suit the needs of its Asia-Pacific customers via its recently opened technical centre in India, a company official said on Monday.

Focus - Asia C3 hits four-month high on firm crude, derivatives prices
Spot propylene (C3) prices in Asia increased to a four-month high, and may continue rising in the coming weeks on the back of higher crude and derivative product values, as well as concerns about tight supply, industry sources said on Monday.

Focus - SE Asia IPA to strengthen on tight supply, high feedstock costs
Isopropanol (IPA) prices in southeast Asia are likely to surpass August’s four-month high on tightening supply and high costs of feedstocks propylene and acetone, market players said on Monday.

Iran’s Jam Petchem to switch to LLDPE film, HDPE pipe output
Iran’s Jam Petrochemical plans to switch its production at its two plants in Asaluyeh to high density polyethylene (HDPE) pipe and linear low density PE (LLDPE) production in October, a company source said on Tuesday.

By: Staff Reporter
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