Asia top stories – weekly summary
ICIS Editorial
14-Sep-2020
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 11 September 2020.
India to implement ‘rules of origin’ norms for
imports from 21 September
India ‘rules of origin’ norms, which are
expected to come into force on 21 September,
will help reduce the dumping of goods and stop
imports of low quality products, a government
official said on Tuesday.
Israel-UAE peace deal to open trade
opportunities for polymers
The peace agreement between Israel and the UAE
could open up new opportunities for polymers
trade in the Middle East, but may have limited
impact on overall market dynamics in the
region.
Indonesia’s Jakarta lockdown reimposition
likely to affect PE demand
Indonesia’s move to reimpose a city-wide
lockdown in its capital Jakarta is likely to
affect polyethylene (PE) demand, which had
already been struggling to regain its footing
since the previous lockdown measures.
NE Asia polyester yarn gains on rising
feedstock cost, better
demand
Polyester yarn prices in northeast Asia are
rising on the back of higher feedstock cost and
better offtake amid seasonally strong demand.
Asia naphtha prices tumble 5% on losses in
crude oil futures
Asia’s naphtha prices yielded to falls in
global crude oil futures, even as market
fundamentals are being cushioned by steady spot
demand for October.
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