Asia top stories: weekly summary

07 October 2013 00:00  [Source: ICIS news]

Here are some of the top stories from ICIS Asia and the Middle east for the week ended 4 October 2013.

Focus: Asia BD may gain further; crackers’ LPG use to constrain supply
Spot butadiene (BD) prices in Asia may continue rising in the weeks ahead amid tight supply, which may be aggravated if more cracker operators switch to using liquefied petroleum gas (LPG) as feedstock for production,

Focus: Asia SBR uptrend may continue on restocking, surging BD costs
Spot styrene butadiene rubber (SBR) prices in Asia look set to rise further on restocking activities when market players in China return after a week-long holiday, amid spikes in cost of feedstock butadiene (BD), industry

Asia petrochemical shares mixed on concerns over US economys
 Shares of major petrochemical firms in Asia were mixed on Friday as the US government entered its fourth day of partial shutdown, fuelling fears that the political impasse over the US budget could lead to a recession in the world’s biggest economy

Focus: GCC petchems to wrestle gas shortage, threat from US shale boom
The Gulf Cooperation Council’s (GCC) petrochemical industry may face a severe shortage of gas feedstock in two years’ time as demand is scaling up against diminishing supply, while the US shale gas boom is threatening to carve a sizeable slice in its export market

By: Staff Reporter
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