Asia's top stories - weekly summary

03 June 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 31 May 2013.

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Focus: Malaysia's PCG may post lower Q2 profit versus Q1
Malaysia’s Petronas Chemicals Group (PCG) is expected to post lower earnings in the second quarter compared with the first three months of the year, amid falling product prices

Focus: China to require more butane as downstream units proliferate
China’s overall butane consumption is expected to surge, given a projected 4.56m-tonne requirement of numerous deep-processing units that will come on stream this year and throughout next year

Focus: Asia BD may fall in June on surplus stocks, weak demand
Asia butadiene (BD) prices may continue to decline next month given a strong build-up of stocks because of prevailing sluggishness in the derivative styrene butadiene rubber (SBR) market

 Focus: Asia ABS-HIPS price parity weighs on trade of both resins
Spot prices of high impact polystyrene (HIPS) and acrylonitrile-butadiene-styrene resins have been trading at near parity since the start of the second quarter with situation unlikely to change in the near term

Focus: Asia polysilicon seen stable; EU, China trade policies  awaited
Asia’s polysilicon prices are expected to be stable ahead of trade policy moves by the EU or China over dumping of solar and photovoltaic products into their respective markets

Focus: Asia PME seen stable as low supply counters weak demand
Asia’s spot prices for palm methyl ester (PME), a type of palm oil-derived biodiesel, may remain at around $900/tonne (€693/tonne) in the near term as waning demand is being countered by low supply available in the market

Focus: S Africa polymers slow on seasonal lull, weak currency
A combination of the typical winter season lull in demand, the rand falling to a four-year low and concerns of strikes and associated violence in the mining sector spreading to other industries are all taking their toll on the South Africa's polyethylene (PE) and polypropylene (PP) markets

By: Staff Reporter
+44 20 8652 3214

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