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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