Asia top stories- weekly summary

16 September 2013 02:55  [Source: ICIS news]

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 13 September 2013.
Focus: China’s amines prices peak out on rising supply, muted demand
China’s ethanolamines prices may have peaked out on prospects of rising supply, with demand for the fourth-quarter set to be muted in the world’s second-largest economy

Focus: Rising supply may stem feedstock-led Asian etac price increase
Competitive ethyl acetate (etac) offers from India and the Middle East may stem the feedstock-driven etac price increase proposed by Chinese producers in September

Focus: Asia Group I low-viscosity base oil to firm up on better demand
Spot prices of Group I low viscosity base oils in Asia may firm up in the weeks ahead, given an expected pick-up in demand, as well as high production costs on recent strong crude gains

Focus: India PE offers to rise on plant shutdowns, rupee rebound
Polyethylene (PE) offers to Indian are expected to rise, as regional supply will tighten owing to plant shutdowns, and amid the rupee’s rebound against the US dollar
Focus: Asia naphtha buoyant on healthy petchem demand, tighter supply
Asia’s naphtha prices may draw support from tightening supply in the Middle East and Europe, while healthy petrochemical demand proffers the market a booster

Focus: Middle East TDI seen firm in Sept on demand, margin recovery
Middle East toluene di-isocyanate (TDI) spot prices are likely to stay firm in September because of improved demand, output constraints, and sellers’ efforts to recover margin

Focus: Middle East Group I base oils to strengthen on firmer demand
Spot Group I base oil prices in the Middle East are likely to firm up from mid-September, with offers rising on the back of improving demand

By: Staff Reporter
+44 20 8652 3214

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