Asia top stories – weekly summary
ICIS Editorial
25-Sep-2017
SINGAPORE (ICIS)–Here are some of the top stories from ICIS Asia and the Middle East for the week ended 22 September 2017.
Asia BD may fall as China domestic market
weakens pre-holiday
Spot butadiene (BD) prices in Asia may fall in
the near term as sentiment has turned bearish
amid a weakening domestic market in China ahead
of the country’s week-long holiday in October.
GCC PMDI at record highs; may extend gains on
tight supply
Spot import prices of polymeric methyl
di-p-phenylene isocyanate (PMDI) in the Gulf
Cooperation Council (GCC) rose to fresh record
highs after rising for four straight weeks amid
a shortage of available spot cargoes.
Asian SAN prices up on upstream gains; upside
potential limited
Asia styrene-acrylonitrile (SAN) prices hit
3-month high, supported by strong upstream
gains during the period, although thin buying
interest may dampen upside potential, market
participants said on Friday.
China BD under pressure on unexpected supply,
softening demand
China’s butadiene (BD) spot prices suddenly
fell on an unexpected supply from a major local
producer and the trend is likely to be bearish
ahead of national day holidays in the first
week of October, market sources said on
Thursday.
Asia SBR may be near peak as NR falls; China
retreats before holidays
Asia styrene butadiene rubber (SBR) spot prices
may be near peak because of falling natural
rubber (NR) price and weakened SBR domestic
prices in the key China market.
Asia R-PET under pressure from oversupply as
China restricts imports
Recycled polyethylene terephthalate (R-PET)
prices in Asia are under pressure from
oversupply, stemming from China’s decision to
ban imports of waste plastics by the end of the
year.
Asia caustic soda seen stable-to-firm; supply
to stay tight
Caustic soda prices in Asia are expected to be
stable-to-firm in the near term due to
continued tightness in spot cargo supply in the
region.
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