Asia top stories – weekly summary
ICIS Editorial
21-May-2018
SINGAPORE (ICIS)–Here are some of the top stories from ICIS Asia and the Middle East for the week ended 18 May 2018.
Iran petchem players shrug off US pullout from
nuclear deal
Iran petrochemical players have learned to
adapt to difficult business conditions over the
years and were generally shrugging off US’
plans to re-impose sanctions.
SE Asia MA hits three-year high on tight
supply, strong demand
Southeast Asia’s maleic anhydride (MA) spot
prices have reached three-year highs amid tight
supply and strong demand from Europe and India,
with the market condition expected to extend
into June.
SE Asia IPA market bearish; demand weakens
ahead of Ramadan
Southeast Asia’s isopropanol (IPA) market has
been bearish amid weakness in downstream
demand, ahead of the month-long Muslim fasting
month of Ramadan.
Asia SBR makers hike offers on surging BD;
buyers resist
Asia’s styrene butadiene rubber (SBR) producers
continued to hike their offers this week on the
back of surging costs of feedstock butadiene
(BD), while buyers were posing a stronger
resistance to any further price increase.
China PE import supply from Iran may tighten on
plant turnarounds
China’s supply of imported polyethylene (PE)
from Iran may tighten over the next three
months due to scheduled maintenance at major
Iranian facilities.
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