Asia top stories: weekly summary

18 August 2014 02:00 Source:ICIS News

SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle East for the week ended 16 August 2014.

Focus SE Asia anhydrous ethanol may gain on reduced US supply
Spot anhydrous ethanol prices in southeast Asia are likely to increase on tightening supply from the US, where corn prices and domestic ethanol demand are on the rise, industry sources said on Friday.

Focus - Rising cargo availability may curb upside to Indian phenol
The uptrend in spot phenol prices into India may be curbed by rising supply against a backdrop of easing raw material benzene and propylene prices, market sources said on Thursday.

Focus - Asia brightstock to remain firm on snug supply, healthy demand
Group I base oils’ brightstock in Asia is expected to remain firm throughout August on the back of snug spot availability and stable demand in China ahead of the gradual approach of the annual demand lull, market participants said on Thursday.

Focus - SE Asia PE seen stable; cautious buyers stay on sidelines
Spot polyethylene prices in southeast Asia for August loading are expected to remain stable as most buyers are wary of procuring cargoes amid continued lukewarm demand from downstream markets, industry sources said on Thursday.

Focus - Asia BD may extend falls on supply glut, softening demand
Spot butadiene (BD) prices in Asia may continue falling, with supply outstripping demand amid an influx of deep-sea cargoes and new capacity coming on stream in China, industry sources said on Wednesday.

Focus - Malaysia's PCG seen to post better H2 results on higher output
Malaysian producer PETRONAS Chemical Group (PCG) is expected to post better earnings in July to December 2014 on the back of increased production, after a dismal performance in the first half of the year, analysts said on Tuesday.

Japan's production of plastic feedstocks decrease 10% in June
Japan's production of plastic feedstocks decreased by 10% year on year to 688,000 tonnes in June, official data from the Japan Plastics Industry Federation (JPIF) showed on Monday.

By Staff Reporter