Asia's top stories - weekly summary

10 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 7 June 2013.

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Focus: Asia naphtha spreads to weaken on softer petrochemical demand

Asia’s naphtha intermonth spreads are expected to weaken amid renewed concerns over weaker petrochemical demand and ample cargo availabilities.

Focus: Chemical producers seek certainty about China’s rate of growth
China’s slowing growth rate has companies doing business there concerned about a lack of certainty upon which they can build.

Focus: Asia ACN prices may bottom out on lower output, rising costs
Asia acrylonitrile (ACN) prices may bottom out on the back of regional reduced supply and the recent rising feedstock of propylene.

Focus:Asia SM inches up on short supply; weak demand weighs on market
Asia’s spot styrene monomer (SM) inched up this week, with a July fixture done at $1,680/tonne (€1,277/tonne) on concerns about tightening supply, but downward pressures remain given continued weakness in demand for downstream styrenics resins.

Focus: China surplus stocks to aggravate pressure on Asia BD market
Asia’s spot butadiene (BD) prices may face strong downward pressure this month, with Chinese producers saddled with surplus stocks competing for buyers in the regional market.

Focus:China polysilicon to rise in wake of EU’s penalty tariff
China’s polysilicon prices may increase in the coming weeks in the wake of the EU’s announcement of provisional penalty tariffs on Chinese solar imports into the region.

Focus: Middle East TDI faces downward pressure from weak demand
Spot toluene di-isocyanate (TDI) prices in the Middle East are likely to come under further pressure, in line with softening values.

By: Staff Reporter
+44 20 8652 3214

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