Asia top stories: weekly summary

09 December 2013 01:00 Source:ICIS News

SINGAPORE (ICIS)-- Here are some of the top stories from Asia and the Middle East for the week ended 6 December 2013.

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China LDPE import prices at near three-year high on tight supply
China’s import prices for low density polyethylene (LDPE) hit their highest in nearly three years this week  - at an average of $1,710/tonne (€1,248/tonne) - because of reduced local production and imports, industry sources said on Friday.

Focus - Asia propylene surges on firm demand, strong crude and naphtha
Spot propylene prices in Asia rose to a 20-month high this week on the back of strong crude and naphtha values, with further support coming from the firm downstream polypropylene (PP) demand, industry sources said on Friday.

Isu Chem-Dong Ming China MEK plant starts commercial ops end-Dec
South Korea's Isu Chemical and China-based Dong Ming Petrochemical will start commercial operations at their joint venture (JV) methyl ethyl ketone (MEK) plant at Shandong province in China by the end of the year, a source from their joint venture entity said on Thursday.

Focus - China methyl-A may fall as tight supply eases, demand weakens
Methyl acrylate (methyl-A) prices in east China are likely to fall in the near term, as the tight supply that drove up prices last week should ease soon as major facilities resume production, industry sources said on Wednesday.

Focus - Asia ABS prices rise as China strengthens buying momentum
Asia acrylonitrile-butadiene-styrene (ABS) prices gained ground this week as some buying interest emerged out of China though long-term prospects remain unclear, traders and producers said on Tuesday.

Focus - Asia jet kerosene prices may rise on increased Chinese demand
Jet kerosene prices in Asia may strengthen in tandem with Chinese import demand, as China Aviation Oil (CAO) gears up its buying needs ahead of the Lunar New Year in January next year, traders said on Tuesday.

Focus - Asia naphtha to weaken on rising supply; crack spread shrinks
Asia’s naphtha prices are likely to face downward pressure from rising supply, as reflected in the shrinking values of the crack spread and intermonth backwardation, traders said on Monday.

By Staff Reporter