Asia top stories: weekly summary

19 August 2013 02:00 Source:ICIS News

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 16 August 2013.

(Please click on the link to read the full text)

Focus: Asia, Mideast LAB, LAS may rise in tandem on better demand
Spot prices of linear alkyl benzene (LAB) and downstream LAB sulphonate (LAS) in Asia and the Middle East are expected to increase in tandem next month, on the back of improving demand from the detergents segment, industry sources said late on Thursday.

Saudi's SABIC raises September MEG ACP nomination by $100/tonne
Saudi Arabia’s petrochemical major SABIC hiked its Asian Contact Price (ACP) nomination for September monoethylene glycol (MEG) by $100/tonne (€75/tonne) from August on the back of higher spot prices, a company source said on Thursday.

Focus: China boosts domestic MTBE output; may turn net exporter in '15
China’s domestic production of methyl tertiary-butyl ether (MTBE) has risen significantly in recent years thanks to a new technology that may see the country turn into a net exporter of the material by 2015, industry sources said on Wednesday.

Qatar’s Tasweeq issues Al Shaheen tender for October
Qatar International Petroleum Marketing (Tasweeq), the state-owned oil marketer, has issued a tender offering six 600,000bbl cargoes of Al Shaheen crude oil for October loading, industry sources said on Tuesday.

Focus: PTTGC to see better Q3 on higher crude, plant rates: analysts
Thailand’s PTT Global Chemical (PTTGC) is expected to post better earnings in the third quarter of the year on the back of higher crude oil prices and increased plant utilisation rates, analysts said on Tuesday.

India’s BPCL firms up $500m to build new PU plant in Kochi
India’s Bharat Petroleum Corporation Limited (BPCL) has firmed up an investment plan of about $500m (€375m) to build a polyurethane (PU) plant at its refinery located at Kochi in southern India, a company official said on Monday.

By Staff Reporter