The ongoing political turbulence in Egypt could affect import of fertiliser inputs for “some time”, says a note put up by the Ministry of Chemicals and Fertilisers. SEE MORE SINGAPORE (ICIS)--Asian polyethylene terephthalate (PET) bottle-grade chip prices have hit a 16-year high, supported by prevailing raw material purified terephthalic acid (PTA) and monoethylene glycol (MEG) prices, market sources said on Friday. SEE MORE HOUSTON (ICIS)--Rising ethylene spot prices and feedstock costs drove US February ethylene contracts up 3.75 cents/lb to 49.00 cents/lb ($1,080/tonne, €778/tonne), market sources said on Friday. SEE MORE Most Saudi petrochem producers use ethane because of government subsidies that mark it below market prices, and also at values cheaper than other feedstock such as propane and naphtha. SEE MORE Australia risks falling behind countries such as China in reducing greenhouse gas pollution without a price on emissions that will ensure the “health and prosperity” of the economy, Treasurer Wayne Swan said. SEE MORE