Asia top stories - weekly summary

20 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 17 May 2013.

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Focus : Asia ABS rebounds on buoyant feedstock, demand weak
Asia acrylonitrile-butadiene-styrene (ABS) prices trended higher in the first half of May gaining up to $50/tonne (€39/tonne) to the relief of suppliers though demand remains weak amid slow end-user orders.

Focus : Surplus Asia SBR stocks head to US on open arbitrage window
Asia's styrene butadiene rubber (SBR) producers are shipping out surplus stocks to the US market, where prices are  higher, while regional demand is still weak.

S Korea’s SK Innovation revamp neutral to credit ratings
South Korean producer SK Innovation (SKI)’s proposed reorganisation is not expected to affect the company’s ‘BBB’ credit ratings, as a direct ownership of the Incheon refinery complex and trading business will facilitate funding for the planned upgrade of the refinery.

China Coal Energy plans $3bn Shaanxi engg plastics project
China Coal Energy is planning to invest yuan (CNY) 19.3bn ($3.1bn) to construct a 600,000 tonne/year engineering plastics project at Yulin in Shaanxi province.

Outlook for Egypt PE, PP markets uncertain
Despite some improvement in business following a $2bn bailout from Libya last month, the outlook for the polyethylene (PE) and polypropylene (PP) markets in Egypt remains uncertain.

 


By: Staff Reporter
+44 20 8652 3214



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