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Updated to Q3 2019
BG supply in Asia would likely remain stable to soft as a southeast Asian producer plans a two months turnaround from mid-August. As China has few spot suppliers due to existing antidumping duties on deepsea cargoes, supply to China would likely be lean. In southeast Asia, the supply structure will likely remain slightly long, as deepsea and Middle East cargoes are readily available.
In China and northeast Asia, demand is expected to decrease on the traditional summer lull. With high temperatures, downstream plants tend to reduce operation rates due to safety concerns. Also, construction activities will slow down, leading to slowing demand from the paint and coating downstream sectors. In southeast Asia, some market will experience rainy season, bad for paint and coating demand.
We offer the following regional Glycol ethers coverage to keep you informed of factors and developments affecting prices in the Asia Glycol ethers marketplace.
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Glycol Ethers Methodology
A large proportion of glycol ethers goes into the paints and coatings industry, though other uses include inks, cleaning products, plasticisers, brake fluids, pharmaceuticals, cosmetic and personal care products.
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ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
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