Asia top stories: weekly summary
ICIS Editorial
29-Aug-2016
SINGAPORE (ICIS)–Here are some of the top stories from ICIS Asia and the Middle East for the week ended 26 August 2016.
GCC importers expect improved September polyolefin
demand
Polyolefin importers in the Gulf Cooperation Council (GCC)
are looking forward to improved demand in September after a
summer season lull, market sources said on Friday.
East Med polymer importers expect September price
rollover
Polyolefin importers in the East Mediterranean (East Med)
markets expect a rollover in the polymer prices for September
when offers are announced in the following week, market
sources said late on Thursday.
Asia SBR to face upward pressure in Sept on high
feedstock BD
Asia spot prices of styrene butadiene rubber (SBR) are likely
to face upward pressure in September because of eroded
margins from rising feedstock butadiene (BD) costs, market
sources said on Thursday.
Asia SM finds support from strong crude, lower China
inventory
Asia’s styrene monomer (SM) prices are likely to be propped
up in the near term by the recent strength in crude futures
and a drawdown of inventories in the key China market
although downstream demand has remained lacklustre, traders
said on Thursday.
China BG prices may extend gains on domestic price
run-up
Spot butyl glycol (BG) prices into China may extend recent
gains on the back of a domestic market rally and higher raw
material prices, market participants said on Thursday.
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