Asia top stories - weekly summary

17 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 14 September 2012.

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Focus - Asia’s naphtha prices to dwindle on weak petrochemical demand
Asia’s naphtha prices are likely to face downward pressure on the back of subdued petrochemical demand, traders said on Friday.

Focus - Asia isomer-grade xylenes seen firm on tight supply from US
Asia isomer-grade xylenes (IX) prices have gained by 7.36% since the start of the month and are likely to remain firm in the near term on tight supply from the US and strong upstream-downstream markets, industry sources said on Friday.

Focus - Asia benzene to stay firm on tight supply of prompt cargoes
Asia’s benzene prices have gained by 6.8% since the start of the month and look set to remain firm on limited supply of prompt cargoes, and strong values of upstream crude and naphtha, industry sources said on Thursday.

Focus - Asia’s adipic acid prices likely to rise further in Sept/Oct
Asia’s adipic acid (ADA) prices are likely to rise further in September and October on the back of higher feedstock prices and growing buying activity amid the traditional peak demand season, industry sources said on Thursday.

Focus - Asia liquid epoxy resin fourth-quarter 2012 demand to be flat
Asia’s liquid epoxy resins (LER) demand is expected to stay flat until the end of the year as its consumption by the downstream electronics and construction sectors is expected to remain soft, market sources said.

Italy’s Versalis enters Asia; plans €400m/year global investment
Italy’s Versalis, the chemicals division of energy firm Eni, expects to invest €400m/year ($513m/year) to expand its global business, with new operations in Asia to be focused on enhancing its elastomers business, a company executive said on Wednesday.

Focus - Asia etac prices may extend gain on ethanol supply shortage
Prices of ethyl acetate (etac) in Asia may extend a gain on the back of an ongoing ethanol supply shortage, market sources said on Tuesday.

S Korea’s LG Chem may delay start-up of new IPA plant to end-2012
South Korea’s LG Chem may start up its 50,000 tonne/year isopropanol (IPA) line in Yeosu at the end of the year, a source close to the company said on Monday.

Borouge eyes maintenance at PE, PP units in Dec '12, Feb '13
Borouge plans to shut its polyolefins facilities at Ruwais, Abu Dhabi, in December this year and in February 2013 for maintenance, a company source said on Monday.

By: Staff Reporter
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