Asia top stories - weekly summary

11 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 8 February 2013.

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Update Japan's Teijin to set up PPS resins JV with SK Chemicals
Japan’s Teijin Chemicals and South Korean producer SK Chemicals are establishing a joint venture in July this year to build a new polyphenylene sulfide (PPS) resins plant in Ulsan, Teijin said on Monday.

Update Shell boosts Singapore polyols output to 360,000 t/yr in '14
Shell has decided to proceed with an investment that will boost its polyols production capacity in Singapore to 360,000 tonnes/year in 2014, the Anglo-Dutch energy major said on Tuesday.

Focus Pakistan polymer sector shrugs off Islamabad plastic bags ban
Pakistan’s mainstream polymer market is unlikely to be affected by a ban on plastic bags that will soon take effect in Islamabad as the country’s capital accounts for a small fraction of the overall industry, traders said on Wednesday.

Focus India acetone may extend gains on tight regional supply
Spot acetone prices in India may continue to increase through March on the back of limited availability of the product in Asia, market sources said on Thursday.

Focus Asia’s naphtha rally to persist on supply squeeze, firm demand
Asia’s naphtha prices are likely to stay robust even after the Lunar New Year having soared to an almost 10-month peak, on the back of tightening supply in the region and strong petrochemical demand, traders said on Friday.

Focus Asia ABS to stay weak throughout February on sluggish demand
Asia’s acrylonitrile-butadiene-styrene (ABS) trades may remain lacklustre for the rest of the month because of weak demand, and with the key China market closed for a whole week for the Lunar New Year holiday, industry sources said on Friday.

By: Staff Reporter
+44 20 8652 3214

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