Asia top stories – weekly summary
ICIS Editorial
25-Jan-2021
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 22 January 2021.
Mideast polyol supply to remain tight until H2
February
Supply of polyol cargoes in the Middle East is
expected to remain tight until the second half
of February, when the Lunar New Year holidays
end in Asia.
Singapore’s 2020 chemical fixed asset
investments fall; overall FAI grows
Singapore’s chemical fixed asset investments
(FAI) fell by 18.9% year on year to Singapore
dollar (S$) 4.11bn in 2020, but overall FAI
rose despite the challenges arising from the
coronavirus pandemic, official data showed on
Wednesday.
NE Asia C3 talks stall in China; output woes
spur Japan, Taiwan buying
Propylene import talks in northeast Asia were a
mixed bag in the week, as weak buying sentiment
continued to dominate the China market, while
production woes elsewhere in the region
generated some buying interest from Japan and
Taiwan.
Asian palm and liquid chemicals freight market
afloat but outlook dull
Freight talks in Asia for palm oil products
(POP) and liquid chemical cargoes held steady
on a flurry of prompt laycan requirements, but
the outlook is hazy on longer-term demand.
Mideast chemical supply tight on container
shortages, Asian plant shutdowns
Middle East’s petrochemical markets are facing
tight supply, mainly due to shortage of
containers, with shipment difficulties to last
until March.
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