22 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 19 October 2012.
(Please click on the link to read the full text)Focus Asia naphtha to draw support from tight supply, firm demand
Focus - Asia PBT may remain stable in near-term on snug supply
Spot prices of natural grade polybutylene terephthalate (PBT) in Asia may remain supported at current levels as producers run plants at reduced rates amid continued weakness in demand, market players said on Tuesday.
Focus - Asia polycarbonate likely to be stable throughout Q4
Spot values of polycarbonate (PC) in Asia are likely to remain largely stable in the fourth quarter despite producers’ attempts to implement price hikes because of ample supply and sluggish downstream demand, market sources said on Wednesday.
Focus - Asia benzene may stay firm through to early Nov on tight supply
Asia’s benzene prices will be supported at current levels and could even rise as supply of the aromatics material remains tight in the northeastern and southeastern parts of the region, market participants said on Thursday.
Saudi’s SABIC Q3 net profit falls 23% on lower product prices
SABIC had a 23% year-on-year decline in its third-quarter net profit to Saudi riyal (SR) 6.31bn ($1.68bn) as product prices declined, the Saudi Arabian petrochemical giant said on Wednesday.
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