Asia top stories - weekly summary

29 April 2013 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 26 April 2013.

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Focus Asia BD rebounds on arbitrage trades to US, SBR conversion
Spot butadiene (BD) prices in Asia rebounded and look set to continue heading north in the near term, with regional supply being whittled down, partly by sellers taking advantage of an open arbitrage window to the US, market sources said on Monday.

Focus Asia naphtha prices seen stable post-wild crude swings
Asia’s naphtha prices are expected to be largely stable following an unnerving and volatile trading in the previous week, which saw prices tumbling to nine-month lows, traders said on Tuesday.

Focus Asia’s TiO2 prices likely to remain stable in Q2 – sources
Asia’s rutile-grade titanium dioxide (TiO2) prices are likely to remain stable in the second quarter on the back of range-bound discussions as prices are expected to have bottomed out after a year of decline, market sources said on Tuesday.

India to impose antidumping duties on Turkey, Russia soda ash
India will impose antidumping duties on imports of soda ash from Russia and Turkey within the next 60 days, an official from the Indian Ministry of Finance said on Wednesday.

Focus China’s polysilicon prices slide on weak demand, rising supply
China’s solar polysilicon prices are expected to slide further because of rising supply and weakening demand as a result of  trading uncertainty over the country’s repeated delays on penalty tariff legislation on imports, market participants said on Thursday.

Focus China benzene imports surge; downstream start-ups to sap supply
China needs to continue importing strong volumes of benzene throughout the year, with a massive downstream capacity starting up that will soak up the country’s supply of the aromatics product, industry sources said on Friday.

Japan's Cosmo, Idemitsu to build refinery in Qatar with partners
Cosmo Oil and three other Japanese firms – Idemitsu Kosan, Marubeni and Mitsui & Co – have agreed with Qatar Petroleum (QP) and France’s Total to invest in a new condensate refinery to be built at Ras Laffan Industrial City in Qatar.

By: Staff Reporter
+44 20 8652 3214

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