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China petrochemical trade slowing down

Focus Asia petrochemical trade slows; China on week-long holiday

Focus story by Pearl Bantillo

SINGAPORE (ICIS)--Petrochemical trades in Asia have slowed down in recent weeks, and might come to a virtual standstill in early October, when the key Chinese market goes on a week-long holiday, industry sources said on Tuesday.

Depending on the chemical product, prices may either continue to fall or stabilise, they said, citing no demand support from China on 1-7 October – dubbed the country’s Golden Week as it celebrates its National Day.

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