Asia top stories – weekly summary
ICIS Editorial
19-Oct-2020
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.
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