SINGAPORE, September 24 /PRNewswire/ -- ICIS pricing, the world's leading price reporting service for the global chemical industry, has launched a new weekly price report for Asian polyethylene (PE) pipe grade resins covering China and Southeast Asia.

The release of the new report follows the successful launch of a similar report, Polyethylene Pipe Grade Middle East/South Asia report, last month. The Asia PE pipe grade price report adds much-needed clarity for industry players to underpin commercial contracts and to support key business decisions in this volatile market.

The report covers two industry-grade high density polyethylene (HDPE)-based pipe resins: natural and black compounded PE80 & PE100 grades. Price assessments include CFR China and CFR Southeast Asia, as well as insightful news and commentary.

"China currently fronts the demand surge, accounting for 30% of new global demand, with the majority of imports coming from the Middle East and Korea. China's estimated production rate was about 4.6m tonnes of plastic pipes last year, 28.18% higher than the previous year, according to the China Plastics Processor Industry Association," said ICIS Senior Editor, Chow Bee Lin.

Asia will be a major growth area with demand for water, irrigation and energy delivery of gas and oil requiring the need for a reliable pipeline system. Many industry players will be turning to PE pipe grade resins for its cost-effective installation and enhanced properties.

The new report brings exclusive transparency to the PE pipe grade resin market with up-to-date market data and vital price assessments in Asia.

Request a sample copy of the Asia Polyethylene pipe grade resin price report from ICIS pricing at http://tinyurl.com/r6wwsq or alternatively email your request to sales.ap@icis.com.

For more information on ICIS pricing, visit http://www.icispricing.com

Notes to Editors:

ICIS pricing

ICIS pricing, http://www.icispricing.com, an independent pricing and market intelligence service from ICIS, provides chemical and oil markets with reports published daily, weekly or monthly on more than 120 products. The pricing information is gathered by teams of experienced reporters in London, Houston, Singapore and Shanghai to offer the most complete, authoritative and up-to-the minute independent market information available. For further information on ICIS pricing and ICIS, please visit http://www.icis.com.

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    For further information please contact:

    Sheldon Chee
    ICIS pricing
    tel: +65-6780-4349
    email: sheldon.chee@icis.com

SOURCE ICIS Pricing

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