Asia top stories:weekly summary

27 January 2014 00:00 Source:ICIS News

Here are some of the top stories from ICIS Asia and the Middle east for the week ended 24 January 2014.

Focus: Asia SBR may weaken on new supply in key India market
Spot styrene butadiene rubber (SBR) prices in Asia may face some downward pressure, as competition in the key Indian market heats up as the country begins commercial production at its first synthetic rubber plant

Update: ExxonMobil boosts low-sulphur diesel output in Singapore
ExxonMobil has started operations at a new hydrotreater at its Singapore refinery, boosting the facility’s low-sulphur diesel capacity to around 25m litres per day

Asia naphtha breaches $960/tonne on strong crude gains overnight
Asia’s open-spec naphtha prices firmed up to more than $960/tonne at midday, supported by strong crude gains overnight

Focus: Cautious buying for China amines eyed post-Lunar New Year
Ethanolamines end-users in China are likely to adopt a cautious buying attitude after the Lunar New Year holidays, in view of the recent spike in cost of feedstock ethylene oxide (EO)

Toho, TASNEE, Cristal to produce titanium sponge in Saudi Arabia

Japan’s Toho Titanium Co Ltd and Saudi Arabia’s The National Industrialization Co (TASNEE) and The National Titanium Dioxide Co Ltd (Cristal) have agreed to build a $420m plant in the Middle Eastern country that will produce titanium sponge

By Staff Reporter