SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle East for the week ended 26 January 2018.
styrene prices at four-month high amid US plant
Plant troubles in the US Gulf region pushed Asian styrene monomer (SM) prices to a four-month high this week as market participants eyed possible arbitrage trades.
EPS sellers raise offers amid firm styrene
Expandable polystyrene (EPS) sellers raised their offers for the resins in view of elevated feedstock styrene monomer (SM) costs.
Asia HDPE pipe prices stable to firm amid tight
Spot high-density polyethylene terephthalate (HDPE) pipe prices in southeast Asia were stable-to-firm this week, shrugging off the weakness in feedstock ethylene market, because of tight supply.
economic growth to moderate in 2018-2019 –
China’s economic growth is expected to moderate in the next two years, after ending six years of slowdown in 2017, based on the projections of the International Monetary Fund (IMF).
Industries shares up 1.88% after strong Q3 net
Reliance Industries Ltd’s (RIL’s) shares were trading 1.83% higher on Monday after reporting a 25.1% year-on-year increase in its third-quarter net profit to Indian rupees (Rs) 94.2bn ($1.5bn), backed by the Indian conglomerate’s investment in petrochemicals.