Asia top stories – weekly summary
ICIS Editorial
30-Oct-2017
SINGAPORE (ICIS)–Here are some of the top stories from ICIS Asia and the Middle East for the week ended 27 October 2017.
Asia
BD may fall further near term on China surplus
stocks
Asia’s butadiene (BD) prices look set to fall
further in the near term as regional supply is
being bloated by China’s exports of surplus
domestic volumes.
GCC
PE market seen stable-to-soft on weak
demand
Spot polyethylene (PE) prices in the Gulf
Cooperation Council (GCC) are expected to be
stable-to-soft on weak demand, despite
continued bullishness in the Chinese markets.
China
BPA nears eight-month high; may extend gains on
tight supply
China’s domestic bisphenol A (BPA) prices have
surged to near eight-month highs and look set
to continue rising on the back of strong
downstream demand and tight availability of
spot cargoes, industry sources said.
China
gasoil to stay unaffected amid November quality
upgrade
China’s domestic gasoil wholesale market is
likely to stay largely unaffected by the
expected gasoil quality upgrade in November, as
market players have been well braced for such
change, industry sources said on Wednesday.
China
import mixed aromatics may remain under
pressure in Nov
China domestic mixed aromatics prices continue
in a narrow range since the past one month on
weak demand even though the Brent crude oil
price firmed up and inventories remained
relatively low, market source said on
Wednesday.
China
import PP block co-polymer grade prices seen
stable
China’s import prices for polypropylene (PP) PP
block co-polymer grade are expected to be
stable as sufficient domestic supply can help
cover the seasonal uptick in demand.
China’s domestic MOP
prices to rise on decreasing supply
China’s domestic muriate of potash (MOP) prices
are expected to climb in the near term on the
back of tight supply, market sources said.
China
MMA prices to remain firm in Q4 amid tight
supply
China domestic methyl methacrylate (MMA) prices
are expected to remain firm in the fourth
quarter of this year amid persistent tight
supply conditions, industry sources said on
Tuesday.
China
domestic MEG to feel pressure from mounting Q4
supply
Domestic monoethylene glycol (MEG) prices in
China are expected to come under pressure from
mounting supply in the fourth quarter as good
production margins are encouraging producers to
ramp up output.
Middle East PS spot
import prices may fall on weak demand
Polystyrene (PS) spot import prices in the
Middle East may fall on weak buying interest,
market players said.
China
domestic HDPE film prices at 2017 highs on
tight supply
Spot prices of high density polyethylene (HDPE)
film in China are at their highest so far this
year and look set to continue rising in the
near term on the back of tight supply, industry
sources said.
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