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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