Asia top stories: weekly summary

28 October 2013 00:00 Source:ICIS News

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle east for the week ended 25 October 2013

Focus:Southeast Asia PP may gain on tight supply
Spot polypropylene (PP) prices in southeast Asia are likely to increase in the near term, on the back of strong buying momentum towards year end amid tight supply

Focus: Southeast Asia ‘green fuel’ mandates, US to buoy up PME demand
Demand for palm methyl ester (PME) in the medium-term will mostly come from Asia as countries in the region are at different stages of adopting government-mandated use of environmentally friendly fuel, and from the US following the reinstatement of the $1/gal tax credit on biofuel blending

Saudi YANSAB Q3 net profit almost doubles on improved sales
Saudi Arabia's Yanbu National Petrochemical Co (YANSAB) on Tuesday posted a third-quarter net profit of Saudi riyal (SR) 864.8m ($231m), up by 98.5% year on year

Africa PE market awaits November price announcements
Business in the African polyethylene (PE) market is muted as buyers await the announcement of producers' November price offers in the coming days

By Staff Reporter