Asia's top story: weekly summary

17 June 2013 04:00  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 13 June 2013.

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Focus: India’s acetone prices to rise in June on tight supply
Spot acetone prices in India are likely to rise in June on the back of limited availability of July-shipping cargoes.

Focus: Asia lures deep-sea methylene chloride on weak EU, US markets
Asia looks set to attract more deep-sea flows of methylene chloride, as demand in the region is relatively stable compared with declining consumption in Europe and the US, raising concerns of a possible supply glut.

Focus: Asia naphtha price differentials may worsen on long supply
Excessive cargo availability will continue to weigh on the Asian naphtha market, raising the possibility of a further decline in premiums on spot transactions, and a swing to discounts on some deals.

Focus: Vietnam mulls 3% PP import tariff; Mideast, India to take hit
Vietnam is looking at introducing a 3% duty on polypropylene (PP) imports, raising concerns among domestic converters of a potential supply shortage as the country is a net importer of the polymer.

Focus: Poor demand, ample supply to cap Asia benzene upside
Spot benzene prices in Asia are likely to move sideways or even soften in the near-term, weighed down by a lack of physical demand while regional supply is building up.

Focus: Asia toluene outlook bleak on high inventory at end-markets
Asia's spot toluene market is on its seventh trading day of price decline on Friday, with no recovery expected in the near term as most end-markets are saddled with high inventory.

Focus: India SBR tumbles on rupee plunge, dismal auto sales
India’s import prices of styrene butadiene rubber (SBR) fell below the $2,000/tonne (€1,500/tonne) psychological mark this week, mainly on poor demand, with price pressures aggravated by the rupee’s plunge to  record low against the US dollar.

By: Staff Reporter
+44 20 8652 3214

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