Asia top stories – weekly summary

05 November 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 2 November 2012.

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Focus China’s acrylic acid, esters prices rising on tight supply
The domestic prices of acrylic acid (AA) and acrylate esters in China is expected to continue its uptrend in the near term as a result of tight supply, market players said on Monday.

Focus China annual methanol demand to spike on MTO, MTP projects
China’s annual methanol demand for non-traditional uses is expected to grow by more than 20% in the next three years if all its projects that aim to derive olefins from the coal-based chemical start up as originally planned, industry sources said on Tuesday.

Focus Asia ABS demand may pick up as premium over HIPS thins down
Demand for acrylonitrile-butadiene-styrene (ABS) in Asia may improve following a substantial weakening of its price spread over a competing product high impact polystyrene (HIPS), market sources said on Wednesday.

Focus Ailing solar market to drive down Asia polysilicon prices
Asia’s spot polysilicon prices look set to weaken further given an ailing solar market that is awash with raw material supply, market participants said on Thursday.

Focus Asia BD may extend falls as sellers offload excess stocks
Spot butadiene (BD) prices in Asia may continue falling in the coming weeks, as sellers are being forced to offload surplus stocks amid a slump in downstream automotive industry, industry players said on Friday.

Focus Iran halts PE exports clearing
Iran’s customs authorities stopped clearing exports of polyethylene (PE) this week as the government considers an export ban on selected commodities that include polymers, industry sources said.

By: Staff Reporter
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