Asia top stories - weekly summary

Author: ICIS Editorial

2021/01/25

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.