Asia top stories - weekly summary

24 December 2012 01:00  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 21 December 2012.

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Singapore November petrochemical shipments at S$1.1bn - govt data
Singapore exported about S$1.1bn ($902m) worth of petrochemicals in November, largely unchanged from October, while the country’s overall non-domestic oil exports declined 2.5% year on year, official data showed on Monday.

China’s MEG prices rise on increased speculative trade
Monoethylene glycol (MEG) prices in east China rose by 6.4% in the past two weeks, as speculative trading activity increased because of encouraging signs of global economic growth, industry sources said on Tuesday.

Focus Asia BD prices may rise in Jan if more Europe cargoes go to US
Asia butadiene (BD) prices may rise further in January 2013 on speculative trades as deep-sea cargoes from Europe are diverted to the US, but gains may be capped by lacklustre end-user demand, industry sources said on Wednesday.

Focus China bitumen prices likely to fall on ample supply, weak demand
Bitumen prices in the domestic Chinese market are expected to trend lower in the coming weeks because of ample supply and relatively weak demand due to the cold winter months, market sources said on Thursday.

OUTLOOK '13: Asia jet kerosene demand seen modestly growing in 2013
Asian jet-kerosene demand is expected to continue to grow modestly in 2013, along with price volatility, with growth principally centred on China as the region remains a key area of expansion in the global airline industry.

By: Staff Reporter
+44 20 8652 3214

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