Iran was the largest exporter of PS, excluding EPS, to Turkey in December 2017, surpassing Belgium, which was the largest exporter of PS, excluding EPS, to Turkey in both October and November
In Asia, petrochemical sources who actively conduct business with Iran were not so optimistic
WTI crude oil futures climbed almost $6 on a monthly comparison to $71.36/barrel on May 10 while ICE Brent crude increased around $6.5 over the same period to close at $77.47/barrel on May 10. In the meantime, spot naphtha prices in Asia and Europe have followed suit, recording cumulative gains of $65-70/ton since early April to recently hit their highest levels since November 2014
In the short term, Iranian sellers were trying to remain optimistic, having dealt with similar trade restrictions only a few years ago
The Advanced PP is designed for tough automotive parts, rigid containers, cups and tubs, comfortable nonwovens and eye-catching appliances
Iran is facing a major deadline in mid-May, when the US is due to decide whether or not to continue to waive sanctions that were suspended as part of its nuclear deal with Western powers
The signing of the MoU followed the agreement between the presidents of Iran and China in 2015 on the expansion of bilateral cooperation in the energy sector
SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle East for the week ended 20 April 2018.
The conference opened with a presentation entitled “Macroeconomic Risks and Rewards Ahead” by Mrs. Ozlem Derici Sengul, co-founder of SPINN Training & Consulting. Mrs. Sengul started her speech by analyzing the political and economic outlook across the board that will play a significant role in global growth this and next year. Later on, she focused on Turkey’s position in the global economy.