Asia top stories - weekly summary

04 February 2013 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 1 February 2013.

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Maharashtra drought may curtail India petchems ops/demand
India’s production of petrochemicals may be curtailed by the drought afflicting its major industrialised state of Maharashtra, which is also the biggest sugarcane producer in the country, industry sources said on Monday.

Interview DSM Dyneema sees strong growth for high-strength fibres
The overall growth potential for high-strength fibres globally is projected to remain high in the future, buoyed by growing demand from the Asia-Pacific, a senior executive at Netherlands-based DSM Dyneema said on Monday.

Focus Asia BD to halt spike until mid-Feb as China demand winds down
Spot butadiene (BD) prices in Asia may stabilise at around $1,850/tonne (€1,369/tonne), as buying activities start to wind down in the weeks leading to the Lunar New Year holiday, industry sources said on Tuesday.

Asia’s EPS prices stable at record levels despite waning demand
Asia’s producers of expandable polystyrene (EPS) kept their offers steady in the week despite waning demand in the region.

Focus India IPA import market to stay subdued on high inventory
India’s isopropanol (IPA) market is likely to remain quiet in the next two months as the country's current high inventory of the material is more than sufficient to cover its import requirement through end-March, industry sources said on Thursday.

Focus Asia gasoline blenders shun MTBE; seek alternative solvents
Gasoline blenders in Asia have been shifting away from methyl-tertiary butyl ether (MTBE) to boost their fuel’s octane level, preferring to seek alternative solvents that could be procured at cheaper costs, industry sources said on Thursday.

Focus Asia’s spot naphtha premiums find support from tight supply
Asia’s spot naphtha premiums are expected to be shored up by tightening supply of the petrochemical feedstock and strong demand from the end-users amid high cracker run rates, traders said on Friday.

Focus NE Asia propylene traders take long position on rally hopes
Olefins traders are going long on propylene and buying March cargoes at higher prices in anticipation of a market rally after the Lunar New Year holiday, market sources said on Friday.

Saudi Kayan eyes 3-week shutdown at olefins plant from 5 Feb
Saudi Kayan plans to shut its olefins facility in Al Jubail on 5 February for about three weeks of scheduled maintenance, the Saudi Arabian producer said over the weekend.

Middle East PVC February offers rise on feedstock costs
Polyvinyl chloride (PVC) producers in the Gulf Cooperation Council (GCC) region announced February offer prices at $10-20/tonne (€7.4-14.8/tonne) higher than their January prices, industry sources said on Thursday.

By: Staff Reporter
+44 20 8652 3214

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