Asia top stories - weekly summary

13 May 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 10 May 2013.

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Focus: Asia SBR may extend gains on BD, NR price increase
Spot styrene butadiene rubber (SBR) prices rebounded in Asia and may continue to increase in the near term, in line with rising values of feedstock butadiene (BD) and of rival product natural rubber.

Focus: Economic uncertainties cloud Asia petrochemical sector outlook
Demand recovery for petrochemicals in Asia remains uncertain as fragile economic conditions in the US and the eurozone continue to drag down growth in the key China market.

Focus: Asia polysilicon to stay soft on weak demand, solar wafer glut
Asia’s polysilicon prices are getting depressed by weakening downstream wafer values and falling demand for the solar feedstock.

Focus: India raises import duties on all polymers; price hikes likely
India implemented a 2.5-percentage point increase in duties on imports of all polymers and ethylene vinyl acetate (EVA) to 7.5% on Thursday, drawing cheers from domestic producers, but converters are likely to be hit by higher costs.

South African base oil buyers look for lower prices on firmer rand
Base oil buyers in South Africa are hoping for lower prices in reflection of the firmer rand.

By: Staff Reporter
+44 20 8652 3214

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