Asia top stories- weekly summary

09 September 2013 00:00  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 30 August 2013.
Focus:Asia export of epoxy resins to Europe set to grow on price gap
Shipments of Asian epoxy resins cargoes to Europe are likely to grow further through to the end of this year, as European buyers seek to capitalise on cheaper imports of the material from the Asia Pacific
Focus: India acetone market remains muted amid uncertain rupee
Spot discussions for acetone imports into India in September remains largely muted, as most importers continue to watch the slide of the local currency against the US dollar
Focus: Asia SM strengthens on positive economic data
Asia styrene monomer - on a decline last month - has recouped some losses as a result of recent upbeat manufacturing data out of Europe and China, with expectations of further gains in weeks ahead
Focus: Indian buyers shun spot base oils imports amid weak rupee
India buyers are shunning spot base oils imports for September to mitigate the impact of the sliding Indian currency
Focus: Asia naphtha may firm on less deep-sea Oct inflows, upbeat data
Asia’s prompt naphtha prices is likely to draw support from tightening deep-sea inflows from the West in October and upbeat economic data that signalled firm petrochemical demand
Focus: Asia adipic acid prices may rise on high feedstock costs
Asia’s adipic acid (ADA) prices may rise further in September on the back of firm feedstock costs and the expectation of improving off takes amid the traditional peak demand period
Africa PE producers target September price hikes
While some producers of polyethylene (PE) for the African markets are yet to announce their September offers, several are targeting a price hike

By: Staff Reporter
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