Asia top stories - weekly summary

15 July 2013 04:59  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 12 July 2013

Focus: Oversupply to plague Asia BD market as demand stays weak
Asia’s butadiene (BD) prices may continue to fall, with supply being bloated by high run rates at regional crackers amid shrinking demand from downstream synthetic rubber sector

Focus: Asia SM prices back at all-time high amid tight availability
Asia’s styrene monomer (SM) prices recaptured the all-time high as persistently tight availability boosted prices

Focus: China PP makers suffer margin squeeze from C3 price spike
Some Chinese polypropylene (PP) producers have been incurring losses because of continued spike in feedstockpropylene (C3) prices since May, while poor domestic demand prevents sellers from raising offers by much

Focus: Asia SBR may extend falls on abundant China exports
Spot styrene butadiene rubber (SBR) values in Asia look set to fall further this month as regional supply is being bloated by Chinese exports that are available at competitive prices

Focus: China PE, PP price direction hinges on crude movement
China’s polyethylene (PE) and polypropylene (PP) import prices will likely track crude movement in the coming weeks, with no strong impetus from the domestic market to pull polyolefin prices in a definite direction

Focus: 'Wait and see' approach in African PE, PP markets
While high crude oil prices and logistical problems stemming from the unrest in Egypt have sparked some early buying of polyethylene (PE) and polypropylene (PP) in case conditions worsen, the overall feeling is of a “wait and see” approach


By: Staff Reporter
+44 20 8652 3214



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