Asia top stories - weekly summary

Author: ICIS Editorial

2021/06/14

SINGAPORE (ICIS)--Here are the top stories from ICIS News Asia and the Middle East for the week ended 11 June 2021.

VIDEO: Asia C2 to remain on downtrend on rising supply, weak demand
Analyst Amy Yu discusses Asia's ethylene (C2) market outlook for the rest of 2021.

Asia BDO remains on downtrend as demand wavers, feedstocks slump
Asia’s butanediol (BDO) market has remained on a downtrend due to prevailing weakness in China’s domestic market amid ample supply and tepid demand, which could persist in the near term.

East Asia, Pacific growth to rebound to 7.7% in 2021 – World Bank
Economic growth in the east Asia and Pacific region is projected to strengthen to 7.7% in 2021 from 1.2% last year, primarily reflecting the strong rebound in China, the World Bank said late on Tuesday.

China petrochemical markets weaken in end-May as demand wanes
China’s petrochemical markets ended May on a weak note, weighed down by weakening demand following the government’s move late in the month to quell speculation-driven price surge across commodities.

Indian HDPE, PP list prices net reductions amid inventory pileup
Indian polyolefin producers have cut list prices for key grades due to a pileup in domestic stocks following a continued weakness in demand.