Asia top stories - weekly summary

Source: ICIS News


SINGAPORE (ICIS)--Here are some of the top stories from ICIS Asia and the Middle East for the week ended 24 August 2018.

China Group II base oils firm in absence of FPCC supply
China’s Group II high viscosity base oils prices are expected to remain firm amid short availability of spot cargoes due to a prolonged shutdown of Formosa Petrochemical Corp’s (FPCC) plant in Taiwan.

China shuns US petchems as trade war escalates; eyes Asian supply
China's petrochemical importers have been actively looking for new sources of supply within Asia to minimize their reliance on US cargoes amid the escalation of the US-China trade war.

China petchems players calm on new tariffs, seek alternative suppliers
Chinese petrochemicals players appear calm ahead of the tariffs to be implemented on several US goods this week while speeding up the search for alternative suppliers.

APIC '18: Asia petchem execs call for strong action vs plastic waste
Asia’s petrochemical industry executives have called for a strong collective action against plastic waste, which ends up polluting oceans.

APIC '18: SE Asia PE under pressure; US cargoes inundate Vietnam
Southeast Asia’s polyethylene (PE) import prices were largely under pressure in the week amid additional volumes from displaced US cargoes in the region, which are likely to lengthen the market further, particularly in Vietnam.

APIC '18: SE Asia to soon see new wave of downstream start-ups
Further expansion into several downstream chemicals is well underway in southeast Asia, underpinned by mega projects in Malaysia and Vietnam.