Asia top stories – weekly summary
ICIS Editorial
13-Nov-2017
SINGAPORE (ICIS)–Here are some of the top stories from ICIS Asia and the Middle East for last week.
China etac snaps 16-week surge after hitting
near three-year highs
China’s export prices for ethyl acetate (etac)
snapped 16 weeks of steady increase after
hitting near three-year highs, but further
losses are likely to be limited in the near
term, market players said.
NE Asia ethylene gains as China buyers build up
year-end stocks
Spot import prices of ethylene in northeast
Asia are up for the first time in seven weeks,
amid healthy Chinese demand ahead of the 2018
term discussions and due to higher downstream
styrene monomer (SM) and monoethylene glycol
(MEG) values.
China BPA hits 35-month high; may extend gains
on tight supply
China’s bisphenol A (BPA) prices surged to a
35-month high and look set to continue rising
on the back of strong downstream demand and
tight availability of spot supply in the
domestic market, industry sources said.
Asia PS suppliers target higher prices amid
upstream spikes
Asian polystyrene (PS) makers are targeting
higher prices for remaining November shipments
following sharp increases in upstream markets,
but whether such ambitious selling expectations
can materialise will hinge on demand, market
participants said on Friday.
China gasoil prices hit year-to-date highs on
tight supply, strong crude
China’s gasoil prices have been fluctuating
upwards since July and may rise further during
the rest of the year, driven by continuing
tight spot availability and robust
international crude markets, industry sources
said on Thursday.
Asia R-PET seen stable amid shrinking China
imports
Recycled polyethylene (R-PET) prices in Asia
may remain stable in the near term amid
shrinking imports of the material in the key
China market.
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