Asia top stories – weekly summary
ICIS Editorial
21-Sep-2020
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 18 September 2019.
INSIGHT: Asia’s key petrochemical markets
expect supply to pile up in Q4
The year 2020 has been roasted by the pandemic
hitherto, with the petrochemical outlook for
the fourth quarter being no exception as supply
exceeding demand expected to be the case for
major products.
Asia benzene buoyed by firm crude; arbitrage
window to US still shut
Asia’s benzene market was bolstered by firm
crude oil futures, following US offshore
production shutdowns from Hurricane Sally.
China EPDM demand slows down ahead of week-long
October holiday
China’s demand for ethylene propylene diene
monomer (EPDM) has started to slow down as
buyers have mostly completed procurements ahead
of the country’s week-long holiday in October.
Asia MTBE to be buoyed by arbitrage flows,
supply cutback
Asia’s methyl tertiary butyl ether (MTBE)
prices were supported by stronger demand as
buyers were attracted to low prices, while the
near-term market is expected to stay buoyed by
arbitrage flows and supply disruption.
Asian ECH firm, but sentiment may shift on
impending restarts
Asian spot discussions for epichlorohydrin
(ECH) continued to edge up this week, supported
by ongoing tightness in prompt supplies.
Asia butac/etac prices near six-month highs on
supply constraints
Asia’s butyl acetate (butac) prices touched a
near six-month high, buoyed by supply
constraints in China amid plant maintenance,
with an expected uptick in demand set to liven
up the market.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.