Asia top stories: weekly summary

01 July 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 28 June 2013

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Focus - Asia’s Group II base oils to stabilise in Q3
Asia’s spot prices of Group II base oils are expected to stabilise in the third quarter as low supply from heavy turnaround schedules is expected to be countered by falling demand from downstream lubricants companies, industry sources said on Friday.

Focus - Asia PS under pressure; weak demand to persist throughout '13
Spot polystyrene (PS) prices in Asia may remain under pressure with no demand recovery imminent, particularly in the key China market, industry sources said on Thursday.

Focus - Asia MIBK prices may stem fall as producers cut output
Spot methyl isobutyl ketone (MIBK) prices in Asia may end a seven-month decline and stabilise in July after weak margins prompted several regional producers to curtail output in June, market sources said on Thursday.

Focus - China’s ACN prices may drop slightly in July on ample supply
China’s acrylonitrile (ACN) prices may drop slightly in July given ample supply and weak demand, market sources said on Thursday.

Focus - China butyl-A to gain further on Shanghai Huayi plant blast
China's butyl acrylate (butyl-A) prices look set to continue rising as domestic supply tightened because of a prolonged shutdown of a major facility owned by Shanghai Huayi Acrylic Acid following a blast at its plant site over the weekend, industry sources said on Wednesday.

Focus - Asia petrochemical players wary of China credit development
Petrochemical players in Asia are keenly eyeing credit developments in China that can sway market sentiment and drive down product prices, industry sources said on Tuesday.

Focus - Strong deep-sea naphtha inflows to worsen Asia supply glut
Asia is expected to receive close to a million tonnes of deep-sea naphtha supply from the western markets in July, further compounding the heavy supply situation that has been weighing on regional prices, traders said on Monday.

Saudi Butanol receives ministry approval for new butanol plant
Saudi Butanol Co (Sabuco) has received approval from Saudi Arabia’s ministry of commerce and industry to build a new butanol plant at Tasnee’s petrochemical complex in Jubail Industrial City, parent firm SABIC said over the weekend.

By: Staff Reporter
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