Asia top stories - weekly summary

Source: ICIS News

2018/02/26

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle East for the week ended 23 February 2018.

Middle East PS importers wait for upstream SM market clarity
Polystyrene (PS) importers in the Middle East were waiting for a clear price direction for upstream styrene monomer (SM) market before making any procurement decisions.

China domestic PP price downtrend may ease post-holiday
Polypropylene (PP) prices in China’s domestic market may slow down their downtrend post-Lunar New Year as downstream demand is expected to pick up.
But general market uncertainties will likely prevent prices from reversing direction.

US slaps higher anti-dumping duties on Indonesia, Argentina biodiesel
The US Department of Commerce has affirmed higher anti-dumping duty rates to be imposed on imports of biodiesel from Indonesia and Argentina, according to a statement by the department late on Wednesday.

Shell, ExxonMobil welcome Singapore carbon tax with reservations
Global energy giants Shell and ExxonMobil welcome the Singapore government’s decision to impose a carbon tax to combat climate change, but with some reservations.

India’s HMEL gets green nod for petrochemical complex
India’s HPCL-Mittal Energy Ltd (HMEL) recently received clearance from India’s ministry of environments for the polymer addition project at its Guru Gobind Singh refinery and Petrochemical complex, a government source said.