Asia top stories: weekly summary

14 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 11 October 2013.

 

Focus: Asia ABS weakens on subdued demand after China holiday 2013
Spot acrylonitrile-butadiene-styrene (ABS) prices in Asia fell by $10-20/tonne (€7-14/tonne) this week on tepid demand despite the return of players in the key China market after a week-long holiday

Focus: Buying momentum for Asia BD grows as China market re-opens
Asia’s butadiene market is likely to remain buoyant for the rest of October, with Chinese players joining in the regional buying frenzy for prompt material this week, while producers have mostly ran out of cargoes to sell

Focus: Asia naphtha may extend gains on renewed buying prospects
Asia’s naphtha prices may bounce higher after having risen in tandem with crude futures’ rally on Friday, on prospects of increased buying activity as regional crackers restart after completing maintenance

Africa PP market on hold on expectation of prices softening
Business in the African polypropylene (PP) market remains lacklustre, with buyers holding back on the expectation of prices softening

 


By: Staff Reporter
+44 20 8652 3214



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