Asia top stories - weekly summary

24 June 2013 03:29  [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: Iran chem players see int'l sanctions easing after Rohani win
Players in Iran’s petrochemical markets are hopeful that international sanctions on the Middle Eastern country will eventually ease following the election of its former top nuclear negotiator – Hassan Rohani – as president.

Focus: Asia C3 hits 15-week high; may extend gains on tight supply
Asia’s propylene (C3) prices are currently trading at a 15-week high and may continue heading north in the near term on the back of China’s strong buying appetite and tight regional supply

Focus: Asia naphtha prices may dip as supply outpaces demand
Asia naphtha prices may slide on the back of a regional supply glut and modest demand from crackers

Focus: Asia ABS prices firmer on buoyant styrene costs
Asia acrylonitrile-butadiene-styrene (ABS) prices were higher this week as suppliers raised offers but the long-term outlook is bearish amid lacklustre end-user demand

Focus: China polysilicon prices rising on import penalty tariff hopes
Spot prices of polysilicon in China increased as market players anticipate the country to announce its own penalty tariffson imports of the solar products’ feedstock soon, in response to EU’s recent trade move,

Focus: Asia EPDM to extend falls on Europe surplus stocks, weak rupee
Ethylene propylene diene monomer (EPDM) prices in Asia are likely to fall further with surplus stocks in Europe being offloaded into the region at cheaper prices, while demand in the key downstream automotive sector remains weak

Focus: Legal, infrastructure framework key in lifting Iraqi oil exports
Well-established legal and infrastructure frameworks will help support Iraq's oil and petrochemical exports by ensuring stability and attracting investors

By: Staff Reporter
+44 20 8652 3214

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