Asia top stories - weekly summary

15 October 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 12 October 2012.

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EPCA '12: Songwon to build US, Mideast polymer additives plants
South Korea’s Songwon Industrial group is planning to build new polymer additives plants in the US and the Middle East, along with its joint venture partners, a company executive said on Sunday.

Focus Asia styrene stays firm on tight supply; may ease in near term
Styrene monomer (SM) prices in Asia are being supported this week by snug availability of prompt cargoes, but may soon come under downward pressure as demand from downstream styrenics sector remained weak, market sources said on Tuesday. 

Focus Asia SBR may rise in November as tyre makers ramp up output
Spot prices of styrene butadiene rubber (SBR) in Asia may gain in November as demand is expected to pick up from downstream tyre makers, with further support from firm values of natural rubber (NR) – a substitute product – and feedstock butadiene (BD), industry sources said on Wednesday.  

India PE, PP to stay soft on high inventory of finished goods
Spot prices of polyethylene (PE) and polypropylene (PP) in the Indian domestic open market are expected to remain soft, weighed down by mounting stockpiles of finished goods given ample availability of locally-produced resins, market players said on Thursday.

Taiwan's Nan Ya extends No 3 MEG unit shutdown; No 4 unit under repair
Taiwan’s Nan Ya Plastics expects to keep its 360,000 tonne/year No 3 monoethylene glycol (MEG) plant at Mailiao shut until end-October as the unit needed additional engineering work, a company source said on Friday.

Focus Mideast PE, PP shipments suffer longer delays on port woes
Shipments of polyethylene (PE) and polypropylene (PP) in the Middle East are being delayed by up to two months on worsening congestion at Saudi Arabian ports – a condition that may persist through yearend, industry sources said on Friday.



By: Staff Reporter
+44 20 8652 3214

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