Asia top stories - weekly summary

Author: ICIS Editorial

2019/11/04

SINGAPORE (ICIS)--Here are the top stories from ICIS News Asia and the Middle East for the week ended 1 November 2019.

GCC TDI market still bearish; demand remains soft
The Gulf Cooperation Council’s (GCC) spot toluene diisocyanate (TDI) import market is expected to remain in a bearish environment in coming weeks with no sign of any improvement in demand to provide relief.

Asia's benzene sentiment remains under pressure amid year-end lull
Sentiment for Asian benzene remained under downward pressure as market activity tapered off amid the year-end lull period. Market players have started to negotiate next year’s contract with trading activity in a low ebb.

SE Asia SBR demand stable from shoe industry; weak from auto sector
Demand for styrene butadiene rubber (SBR) in southeast Asia is expected to remain stable from downstream footwear sector, while likely to stay weak in the automotive sector.

Epoxy resins demand vibrant in China; dull in rest of Asia
Epoxy resins demand in China is boosted by firm requirements from newer applications in wind energy and advance electronics sectors. But elsewhere in Asia, where epoxy resins usage is still centered on traditional applications, demand continues to languish alongside poorer showing in industries such as automobiles and construction, market participants said.

Asia phenol sentiment gloomy on subdued demand, regional holidays
Asia’s phenol market outlook remains gloomy on the back of tepid demand and public holidays across the region.
Several China-based buyers said that they had stocked up before the Golden Week holiday, which started on 1 October. They remained sufficiently stocked and were not in a hurry to seek fresh discussions.