Asia top stories: weekly summary

28 April 2014 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 18 April 2014

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 Focus: Asia BD uptrend may taper off on weak China demand, new supply
Spot butadiene prices in Asia may halt their uptrend soon amid prevailing weak Chinese demand and with new supply coming on stream in the next few months

China March imports of most petrochemicals fall on high prices
China’s imports of most petrochemicals in March showed year-on-year declines in volume – notably, dioctyl phthalate (DOP), isopropanol (IPA) and methanol – because of higher prices, industry sources said on Thursday

Focus: China crude glycerine downtrend to persist on weak demand 
Crude glycerine prices in China may remain on a downtrend because of continued weakness in downstream demand

Mideast PMDI falls for third straight week on soft buying interest 
Spot polymeric methyl di-p-phenylene isocyanate (PMDI) prices in the Middle East declined for the third consecutive week because of soft buying interest, and in line with losses in the Asian market

Indian Oil rules out refinery-petchem project in southern India  
Indian Oil Corp (IOC) has turned down an offer from Hindustan Petroleum Corp Ltd (HPCL) to construct a refinery cum petrochemical project in southern Indian province of Andhra Pradesh

By Staff Reporter