Asia top stories - weekly summary

Source: ICIS News


SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle East for the week ended 2 March 2018.

S Korea's exports to be supported by global economic recovery - analysts South Korea’s exports growth will continue to be supported by the global economic recovery this year despite the sharp slowdown seen in February, according to analysts.

Asia SBR faces upward pressure from rising BD, SM prices Styrene butadiene rubber (SBR) prices in Asia are facing upward pressure from rising costs of feedstocks butadiene (BD) and styrene monomer (SM).

India’s robust HDPE pipe demand to keep film, blow moulding supply tight Buoyant demand for high density polyethylene (HDPE) pipes in India will likely keep supply of film and blow moulding tight, lending support to import prices in the near-term.

India plastics industry eyes 3% of global export market by 2025 India’s plastics industry is targeting at least a 3% share of the global polymer export market by 2025, to be achieved by a combination of capacity expansion and technology upgrades, industry executives said.

Asia SBR makers seek higher prices in India on firm BD, SM costs Asia’s styrene butadiene rubber (SBR) producers are seeking higher spot prices in India on the back of rising costs of feedstocks butadiene (BD) and styrene monomer (SM), despite sluggish demand from downstream tyre makers.

S Korea January exports of most petrochemicals grow year on year South Korea’s export volumes of most major petrochemical items in January increased on a year-on-year basis, in line with spikes in value of its overall shipments abroad, with strong trade growth expected for the whole of 2018 on the back of a healthy global economy, according to analysts.

Indian ACN prices spiked under strong buying but outlook mixed India spot prices for acrylonitrile (ACN) rose on good demand last week, but this uptrend may not sustain if the buying interest falters in near term, market participants said on Monday.