SINGAPORE, July 23 -- ICIS pricing, the world’s leading price reporting
service for the global chemical industry, has launched a new weekly price report
for polyethylene (PE) pipe grade resins covering the Middle East and South Asia.
The report arrives at a time of growth in the use of PE pipe grade in water
supply and irrigation, and delivery of oil and gas.

The report covers two industry-grade high density polyethylene (HDPE)-based
pipe resins: natural (PE80) for non-pressurised applications and black
compounded (PE100) for pressurised applications. Price assessments include CFR
Gulf Cooperation Council (GCC), CFR East Mediterranean and CFR India, as well as
news commentary.

Demand for plastic pipes globally is forecast to increase to 18.2 million
tonnes by 2012. Industry players expect consumption of plastic pipe grade in
India, Pakistan and the Middle East to grow by 20% from 2008 levels, with the
main push coming from the water supply and ducting segments, said ICIS Deputy
Managing Editor-Asia, Prema Viswanathan.

Price hikes in alternative materials such as metals have led to a sharp
increase in demand for PE pipe grade resins. This is most notably due to the
enhanced properties and inexpensive installation costs of PE pipes.

The new report brings exclusive transparency to the PE pipe grade resin market
with insightful commentary and vital price assessments.

Request a sample copy of the Middle East and South Asia PE pipe grade price
report from ICIS pricing at
http://www.icis.com/v2/registration/trialregistration.aspx?
comp=OTC-CHPRI-AsiaMEPipeLaunch-PRcp=OTC-CHPRI-AsiaMEPipeLaunch-PRsfid=
701200000002dgTmode=icispricing

(Due to the length of this URL, it may be necessary to copy and paste this
hyperlink into your Internet browser’s URL address field. Remove the space
if one exists.)

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,
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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

For further information please contact: Sheldon Chee, ICIS pricing, tel:
+65-6780-4349, email: sheldon.chee@icis.com