Asia top stories – weekly summary
ICIS Editorial
13-Jul-2020
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 10 July 2020.
INSIGHT: Changing global
methanol trade flows places China at
centre
China has become the main destination of
methanol from Iran and Venezuela, both key
exporters forced to rethink trade flows as they
face ramped-up US sanctions.
NE
Asia propylene indicative prices rise on snug
supply
Propylene indicative prices in northeast Asia
were higher with limited firm discussions in
the Chinese import market as supply was snug in
the region.
Asia
BDO stable while renewed demand remains out of
sight
Asia’s butanediol market held steady again this
week, extending the stable trend that started
several weeks back.
Asia
PA steady for three weeks; demand outlook
grim
Asia’s phthalic anhydride (PA) import prices
have been steady for some weeks now but the
outlook on downstream demand is grim.
Asia
naphtha poised to stay afloat on demand
support; margins up
Asia naphtha markets are poised to stay buoyant
on steady end-user demand that could keep spot
cargo premiums and prices afloat, even as
rising coronavirus cases in the world rattle
fuel demand.
Asia
MTBE retreats to one-month low on oversupply
fears
Asia’s methyl tertiary butyl ether (MTBE) fell
to a one-month low, ending a five-week rally,
on growing fears of an oversupply in the
region.
Asia
benzene gets support from oil rebound; long
supply a concern
Asia benzene market slumped in the first half
of the week with concerns of a long supply
weighing on sentiment.
SE
Asian SBR demand may rise as economies
reopen
Demand for styrene butadiene rubber (SBR) is
expected to pick up in southeast Asia as
economies in this region reopen, amid tightened
supply and rising feedstock costs.
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