Asia top stories – weekly summary
ICIS Editorial
26-Nov-2012
SINGAPORE (ICIS)–Here are some of the top stories from ICIS Asia and the Middle east for the week ended 23 November 2012.
(Please click on the link to read the full text)
Asia ABS hits parity with HIPS at about
$1,850/t on weak demand
Asia
acrylonitrile-butadiene-styrene (ABS) values continued to
weaken this week, with price quotes for the resins now at the
same levels as those for rival product, high impact
polystyrene (HIPS), market sources said on Monday.
Focus China gas pricing reform a must to
ensure sustainable supply
China’s
strong natural gas consumption is requiring a nationwide
implementation of a market-oriented pricing reform to reflect
the true value of the clean energy, which is in scarce
supply, and help ensure sustainable long-term import supply
for the country, industry sources said on Wednesday.
Focus China MTBE buyers shun imports as
prices spike on strong
crude
Importers of methyl tertiary
butyl ether (MTBE) in China have retreated from the market as
prices of the product has been tracking the sharp increase in
crude values, industry players said on Thursday.
Focus Asia naphtha may fall on weak plastics
demand, rising supply
Asia’s
open-spec naphtha prices could face downward pressure from
persistently weak petrochemical demand at a time of rising
deep-sea supply, traders said on Thursday.
Focus Asia ECH may rebound after 16% fall
over six months
Spot epichlorohydrin
(ECH) prices in Asia may soon increase after shedding about
16% since late May, with current values now almost at parity
with main feedstock propylene, market sources said on
Friday.
Focus Asia faces lighter cracker turnarounds
in 2013-sources
Asia will face a
much lighter cracker turnaround next year, with around 2.82m
tonnes/year of ethylene capacities to be taken off line,
company and industry sources said on Friday.
Focus Mideast base oils may extend falls on
weak demand, supply glut
Spot base
oil prices in the Middle East may continue falling, as weak
buying interest amid ample inventories is forcing sellers to
lower their offers, market sources said on Tuesday.
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