Asia top stories – weekly summary

12 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 9 November 2012.

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Interview AkzoNobel eyes strong sales growth in Asia, emerging markets
Netherlands’ coatings and specialty chemicals group AkzoNobel expects to see strong revenue growth in Asia, as well as in other emerging markets, in the coming years, backed by the region’s resilience amid the global economic slowdown, a senior company executive said on Monday.

Focus Tight supply, likely PE upside to boost Asia naphtha prices
Spot open-spec naphtha values in Asia are expected to be buoyed by tight supply and a possible price uptrend in downstream polyethylene (PE) market, traders said on Tuesday.

Focus Asia ACN producers cut output to stem price slide
Asia’s acrylonitrile (ACN) producers are cutting output on hopes of stemming the continuous decline in values of their product amid an influx of deep-sea cargoes, which are competitively priced, industry sources said on Wednesday.

Focus China’s polysilicon prices down on oversupply, weak demand
The spot prices of polysilicon in China fell on the back of overcapacities of solar panels and extremely weak demand for Chinese-manufactured solar products, according to market participants.

IFFCO to scrap 1.4m tonne/year urea project in Kalol, India
Indian Farmers Fertiliser Cooperative (IFFCO) may no longer pursue expansion of its urea production at Kalol in western India after three years of delay and failing to secure the government’s support on the project, a company official said on Thursday.

Focus Iran PE shipments to resume soon; export licenses to be issued
Overseas shipments of polyethylene (PE) from Iran will likely resume progressively late this week, as domestic producers are in the process of securing export licenses, market players said on Wednesday.

Interview Thai petchem sector to leverage on ecological awareness - PTIT
Thailand’s petrochemical industry needs to maintain a high level of environmental awareness in order to be at the forefront of competitiveness in the Southeast Asian region, a senior industry executive said on Friday.

By: Staff Reporter
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