Asia top stories – weekly summary
ICIS Editorial
26-Feb-2018
SINGAPORE (ICIS)–Here are some of the top stories from ICIS Asia and the Middle East for the week ended 23 February 2018.
Middle East PS importers
wait for upstream SM market clarity
Polystyrene (PS) importers in the Middle East
were waiting for a clear price direction for
upstream styrene monomer (SM) market before
making any procurement decisions.
China
domestic PP price downtrend may ease
post-holiday
Polypropylene (PP) prices
in China’s domestic market may slow down their
downtrend post-Lunar New Year as downstream
demand is expected to pick up.
But general market uncertainties will likely
prevent prices from reversing direction.
US
slaps higher anti-dumping duties on Indonesia,
Argentina biodiesel
The US Department
of Commerce has affirmed higher anti-dumping
duty rates to be imposed on imports of
biodiesel from Indonesia and Argentina,
according to a statement by the department late
on Wednesday.
Shell, ExxonMobil welcome
Singapore carbon tax with
reservations
Global energy giants Shell and ExxonMobil
welcome the Singapore government’s decision to
impose a carbon tax to combat climate change,
but with some reservations.
India’s HMEL gets green
nod for petrochemical complex
India’s HPCL-Mittal Energy Ltd (HMEL) recently
received clearance from India’s ministry of
environments for the polymer addition project
at its Guru Gobind Singh refinery and
Petrochemical complex, a government source
said.
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