Asia top stories: weekly summary

11 November 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 8 November 2013

Focus: Asia PET to stay weak on poor demand; plants run at low rates
Polyethylene terephthalate (PET) prices in Asia are expected to remain weak, weighed down by poor demand and falling prices of purified terephthalic acid (PTA) and paraxylene

Focus: European ECH market could shrink on Asian competition
European epichlorohydrin (ECH) producers, especially smaller ones producing for the epoxy resins market, could go out of business in 2014 as they struggle to compete against cheap Asian imports,

Focus: China amines may extend falls on weak EO costs, dull demand
China’s amines prices are likely to continue falling in the coming weeks, following recent declines in the cost of feedstock ethylene oxide (EO), and as the approaching winter is dampening demand from downstream sectors

Focus: Asia ABS stabilises after recent sell-off; demand to stay soft
Spot acrylonitrile-butadiene-styrene (ABS) prices in Asia appeared to have stabilised after last week’s sell-off, but weak demand may continue to weigh on the market for the rest of the year

Focus: SE Asia-to-China palm oil freight rates may fall on weak demand
Palm oil freight rates from southeast Asia to China may soften in the coming weeks amid weak demand for the vegetable oil and bearish sentiment from end-users

November Africa PP prices steady to softer on buyers’ resistance
While several producers are aiming to hold African PP prices steady for November, some prices are facing downward pressure

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