Asia top stories - weekly summary

Author: ICIS Editorial

2019/11/18

SINGAPORE (ICIS)--Here are the top stories from ICIS News Asia and the Middle East for the week ended 15 November 2019.

Asia’s plastics in limbo amid stalled progress in US-China trade war
Asia’s petrochemical markets remain weak amid stalled progress in the US-China trade feud, as sentiment has devolved into bearishness particularly at the end of the year when buyers are also keen to keep lean stocks.

INSIGHT: India IPA safeguard duty probe begins, surprising exporters
In a move that has surprised several exporters, India’s Ministry of Commerce and Industry has launched the investigation for safeguard measures against isopropanol (IPA) imports.

China phenol/acetone makers forced to cut ops again on rising losses
Some phenol/acetone producers in China are forced to cut production again towards the end of the year due to increasing losses since the second quarter of 2019.

Asia suppliers withdraw C12-14 alcohols offers on feedstock uptrend
With feedstock palm kernel oil (PKO) prices maintaining an uptrend, some C12-14 alcohols suppliers in Asia are withdrawing their offers as they look to maximise their margins.

Asia SAN steady after recent slippages while demand expected to stay soft
Asia styrene-acrylonitrile (SAN) prices held steady this week after recent declines though going forward demand is unlikely to pick up.