SINGAPORE (ICIS)--Here are the top stories from ICIS News Asia and the Middle East for the week ended 29 November 2019.
Jan-Sept PE imports rise 18%; Mideast remains
China’s polyethylene (PE) imports in January-September 2019 rose by 17.8% year on year, with the Middle East likely to remain as the country’s biggest supplier of the polymer in the coming years.
Deep-sea BD supply to
Asia to dwindle after US plant blasts
Deep-sea butadiene (BD) supply to Asia will dwindle following explosions that hit a major US plant, with shipments to the region in December likely to be affected.
PP capacity expansion poses challenges to
Significant polypropylene (PP) capacity expansion in Asia could squeeze the market share of Middle East suppliers in the region.
Asia’s caustic soda
market to remain well-supplied into
Asia’s caustic soda market is expected to remain well-supplied into December amid sluggish demand and global economic slowdown.
naphtha crack spread at six-week high; demand
Asia’s naphtha crack spread rose to six-week highs, as steady demand helps to absorb supply, which is expected to be sustained in the near term.
TiO2 December outlook bearish as Chinese demand
Asia’s titanium dioxide (TiO2) market outlook in December remains bearish, with demand in China expected to taper down in the weeks ahead.