Asia top stories: weekly summary

28 July 2014 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 25 July 2014.

Focus: India acetone import prices rise on China market gains
Spot acetone import prices in India increased this week, largely tracking the uptrend in the key Chinese market, industry sources said.

Focus: China triethanolamines to stay weak on supply glut, poor demand
Ethanolamines trading in China has remained subdued as downstream demand is still weak amid a deluge of supply, market sources said.

Focus: China BPA hits 1-year high; may extend gains on tight supply
Spot bisphenol-A (BPA) prices in China may continue rising after hitting a one-year high, driven by a persistent lack of cargoes in the domestic market, industry sources said.

Focus: Indonesia president-elect Jokowi seen as boon to investments
Indonesia has declared Joko “Jokowi” Widodo as the winner of its recent presidential elections, clearing political uncertainties that should encourage more foreign investments into the country, analysts said.

Focus: Asia Group II base oils may extend falls on demand lull
Group II base oil spot prices in Asia are likely to come under further downward pressure in the weeks ahead amid a seasonal lull in demand and ample supply in the market, industry sources said.

Focus: China may boost TiO2 exports on rising prices, better demand
China may continue beefing up its titanium dioxide(TiO2) exports in the months ahead on the back of rising prices of the product and improving demand from India, industry sources said.

Focus: Asia etac prices may extend gains on feedstock cost rebound
The prices of ethyl acetate (etac) in Asia may extend recent gains on the back of a supply-driven rebound in the prices of feedstock acetic acid in China, market sources said.

Focus: India PVC demand softens on monsoon, August offers resisted
Spot polyvinyl chloride (PVC) demand in India has started showing signs of softening with the onset of monsoon in several parts of the country, and higher offers for August shipments were firmly resisted by local buyers, market sources said.

Focus: Asia isomer-grade xylene hits nine-month high on PX surge
Spot discussions for second-half August isomer-grade xylene parcels in Asia rose to their highest level in more than nine months, tracking the uptrend in downstream paraxylene (PX) market, industry sources said.

Focus: Tepid demand to temper Middle East polymer price gains
Polymer producers in the Middle East are expected to hike offers for August cargoes because of tight supply, but sluggish demand may limit any price gains for polyethylene (PE) and polypropylene (PP), industry sources said.

By Staff Reporter