Asia top stories: weekly summary

25 November 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 15 November 2013

Focus: India SBR may fall further on poor demand, BD price slump
Spot styrene butadiene rubber (SBR) values in India look set to fall further with traders rushing to offload stocks following the recent price plunge of feedstock butadiene 


Focus:India acetone may resist China market pull on ample supply

Spot acetone prices in India may not track the sharp gains seen in the key Chinese market, as supply will increase given a hefty volume of imported material hitting its shores by the end of the month


Focus: Asia naphtha tops $970/t on crude rally, shut arbitrage window
Asia’s open-spec naphtha prices rose to near nine-month highs on Friday, topping $970/tonne (€728/tonne) in response to robust overnight gains in crude futures


Focus: Asia EPS offers rise on SM rebound but demand remains soft
Offers for expandable polystyrene (EPS) in Asia increased by $10-20/tonne (€8-16/tonne) this week, following a recent price rebound of feedstock styrene monomer (SM), but weak demand continues to weigh on the market


GPCA ’13: Success requires constant innovation – ExxonMobil exec
Sustained innovation across the board and supporting free trade are key to the development and growth of the petrochemical industry