Asia top stories – weekly summary
ICIS Editorial
29-Jan-2018
SINGAPORE (ICIS)–Here are some of the top stories from ICIS Asia and the Middle East for the week ended 26 January 2018.
Asia
styrene prices at four-month high amid US plant
woes
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.
Asia
EPS sellers raise offers amid firm styrene
costs
Expandable polystyrene (EPS) sellers raised
their offers for the resins in view of elevated
feedstock styrene monomer (SM) costs.
SE
Asia HDPE pipe prices stable to firm amid tight
supply
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.
China
economic growth to moderate in 2018-2019 –
IMF
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).
India’s Reliance
Industries shares up 1.88% after strong Q3 net
profit
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.
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