Asia top stories - weekly summary

08 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 5 July 2013
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Focus: Asia BD may fall further on surplus supply, weak demand
Asia's butadiene (BD) prices are expected to fall further this month as additional capacities will come on stream while demand is still weak

Focus: Nationwide gas pricing reform in China raises demand concerns
China will start implementing a market-orientedgas pricing mechanism nationwide on 10 July, a year and a half after conducting pilot tests in Guangdong province and in the Guangxi Zhuang autonomous region

Focus: Asia ABS slips as end-users keep inventory lean; BD fall drags
Spot acrylonitrile-butadiene-styrene (ABS) prices in Asia are softening as end-users are not beefing up stocks, anticipating continued weakness in resins demand for the rest of the year

Focus: S Africa PE, PP importers finding business conditions tough
A combination of a frequently fluctuating rand, poor demand, high prices and increased costs continues to make business difficult for importers of polyethylene (PE) and polypropylene (PP) to the South African market

By: Staff Reporter
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