Asia top stories – weekly summary
ICIS Editorial
15-Jun-2020
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 12 June 2020.
Asia petrochemical shares, oil prices tumble as
US virus cases surge
Asian petrochemical shares tumbled along with
oil prices on Friday, following a plunge in US
stocks overnight on concerns that a second wave
of coronavirus infections is hitting the
world’s biggest economy as it emerges from
lockdown.
VIDEO: Asia glycerine market slowly rebalancing
amid improving demand
Watch ICIS editor Jackie discuss the Asian
glycerine market, which has been rebalancing
after a sharp surge in demand amid the ongoing
coronavirus pandemic.
Asia PX, PTA underperforms against upstream,
outlook uncertain
Amid the recent upstream crude oil and naphtha
price rebound, Asian paraxylene (PX) and
purified terephthalic acid (PTA) prices reacted
at a slower pace, with the outlook weighed on
by weak fundamentals.
Budding demand in India, firmer costs may drive
Asia’s acetic acid market
Asia’s acetic acid market may find support from
demand recovery in the key India market with
buyers replenishing inventory for July, and
higher upstream coal costs in China.
Asia melamine market to stay stable amid
unchanging fundamentals
Asia’s melamine is expected to follow a stable
trend in the near future as market fundamentals
are unlikely to experience significant changes
soon.
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