Asia top stories – weekly summary

SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 16 October 2020.

Singapore petrochemical exports shrinking for more than two years
Singapore’s petrochemical exports in September slumped by 23.8% year on year, shrinking continuously for more than two years.

Asia petrochemicals track strong post-holiday gains in China markets
Some petrochemical markets in Asia took the cue from strong post-holiday gains in China caused by restocking and tight supply, with the sudden price surge likely to cool off buying appetite in the near term.

China petrochemical markets gain in active post-holiday trade
China’s domestic petrochemical markets are registering strong post-holiday gains on the back of tightened supply and robust restocking demand.

Asian epoxy resins supported on cost pressure; demand outlook upbeat
Asian export offers for epoxy resins are firm as sellers sought to protect margins, and might be under further upward pressure if feedstock prices do not ease soon.

China petrochemical shares gain; yuan weakens post-holiday
China’s petrochemical shares were higher on Monday, leading gains in Asia, while the yuan (CNY) weakened after the central bank tweaked its foreign exchange policy.