Asia top stories- weekly summary

22 July 2013 03:07  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 19 July 2013

Focus: Asia benzene derives strength solely from SM; spot demand weak
Asia's benzene players are taking a more cautious stance on the market over the past two weeks, with prices largely tracking the strong downstream styrene monomer (SM) market, without support from spot demand

Focus: Asia MIBK may extend falls on easing feedstock, supply overhang
Spot methyl isobutyl ketone (MIBK) prices in Asia may track easing feedstock acetone prices and decline further in August

Focus: China gas pricing reform to weed out smaller LNG players
Producers of liquefied natural gas (LNG) in China are facing thinning margins following the implementation of a nationwide gas pricing reform in the country on 10 July, raising concerns that smaller players may not survive for long

Focus: China LDPE may rise as supply tightens on Thai plant shutdown
China’s linear low density polyethylene (LDPE) import prices may rise in the coming weeks on tighter supply caused by the outage of a 300,000 tonne/year plant in Thailand

Focus: China ethanolamines to skid on weaker EO prices, soft demand
Spot prices of ethanolamines in China, the world’s second biggest economy, may extend losses in the coming weeks, weighed down by weaker values of feedstock ethylene oxide (EO

Focus: Asia naphtha to move sideways on balanced supply-demand
Asia’s naphtha prices are expected to move sideways amid a balanced market, as strong demand for gasoline blending is met by rising naphtha supply from the Middle East and amid ample cargo availabilities from the West

August Africa PP prices likely to roll over or increase slightly
August prices for African polypropylene (PP) are likely to roll over or maybe increase slightly

By: Staff Reporter
+44 20 8652 3214

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