Asia top stories: weekly summary

12 May 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 9 May 2014

Focus: Asia BDO may extend falls on weak demand, China supply glut
Spot butanediol (BDO) prices in Asia are expected to head further south in the near term because of increasing supply in the key China market, industry sources said. On 6 May,  import bulk BDO prices in the region fell to $1,800-1,820/tonne CFR (cost and freight) China, down by an average of $20/tonne from early April, according to ICIS data.

Focus: India's amines prices seen subdued amid election, ample supply
India's prices of monoethanolamines (MEA) and diethanolamines (DEA) are poised to remain subdued amid election period and ample cargo availability, market participants said. The general election in India began on 7 April and will end on 12 May. Vote counting will take place on 16 May.

Focus: Asia styrenic resin prices steady on SM rebound, demand up
Asia styrenic prices held steady this week as a result of a rebound in upstream styrene monomer (SM) and an expected growth in demand as third quarter export season approaches, market sources said.Prices of polystyrene (PS) and acrylonitrile-butadiene-styrene (ABS) resins came under downward pressure last week when SM prices fell to $1,580/tonne CFR (cost & freight) China on 30 April

Focus: China benzene import window reopens after five months
Import activity for benzene spot cargoes entering China has resumed, following five straight months of closure of arbitrage window because of cheaper domestic material, market players said

Focus: China's local amines prices to firm on tight feedstock supply
China's domestic ethanolamines prices are likely to firm on prospects of price hikes in feedstock ethylene oxide (EO), whereby a slate of EO plant turnarounds will take place next month, market participants said

Custom management key to secure supply chain: DHL official
Companies must take a more proactive approach in customs management to secure their supply chains, according to a senior official from global logistics provider DHL on Thursday

By Staff Reporter