Asia top stories - weekly summary

Author: ICIS Editorial

2020/06/15

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.