Asia top stories- weekly summary

29 July 2013 03:34  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 26 July 2013

Focus: Asia BD to halt fall; run rate cuts/LPG switch at crackers eyed
Spot butadiene (BD) prices in Asia may stop falling on prospects of lower supply, with cracker operators eyeing production cuts or a switch to using liquefied petroleum gas (LPG) as feedstock to yield lesser output of the olefin

Focus: Asia PVC may decline on weak demand across markets
Spot polyvinyl chloride (PVC) prices in Asia are likely to decline in the coming weeks on soft demand across all markets, with buying sentiment in the southeastern part of the region seasonally weak because of Ramadan

Focus: India acetone under pressure; massive imports to arrive in Aug
India is expecting massive volumes of imported acetone in August that will likely weigh down on market prices of the material

Focus: Ethanolamines sellers to keep offers despite weak China prices
Ethanolamines sellers are set to maintain their offer levels, shrugging off overall weaker local prices in China because of tight regional supply in Asia

Focus: Asia ABS may fall on BD pull; premiums over PS disappear
Spot acrylonitrile-butadiene-styrene (ABS) values in Asia may weaken, dragged down by slumping values of feedstock butadiene (BD), and may wipe out the resin’s price premiums over polystyrene (PS)

Focus: Turkish PE PP prices flat, demand slow
 Polyethylene (PE) and polypropylene (PP) demand in Turkey is slow as holidays, political instability, higher interest rates and cash flow problems affect markets





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