Asia top stories: weekly summary

24 February 2014 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 21 February 2014.

Focus: China benzene imports muted on low-priced domestic cargoes
China benzene import prices will remain at a standstill, following a second reduction in the local major’s list price in 2014

Focus: India resists March acetone price hike on ample import arrivals Acetone buyers in India are resisting a proposed $20-30/tonne price hike for March-shipping cargoes, expecting substantial volume of imported material to arrive in the country this month

Focus: Asia naphtha to get boost from firming blending economics
Asia's naphtha prices are likely to be bolstered by improving gasoline blending economics in the region, as well as in Europe, which could potentially soak up heavy deep-sea supply that has been flowing into the region

Focus: Asia SM finds support at $1,600/tonne after recent plunge
Spot styrene monomer (SM) prices in Asia appear to have found support at $1,600/tonne this week after a recent plunge, with some market players bent on covering their short positions

Focus: India's amines prices decline on higher imports, weak demand
India's domestic ethanolamines prices are likely to fall further amid high import volumes which are outpacing consumption

Focus: Asia EPS may fall further; sellers cut prices to entice buyers
Spot expandable polystyrene (EPS) prices in Asia may stay under pressure in the near term, as sellers have been cutting offers to draw in buyers amid continued weakness in demand

By Staff Reporter