Asia top stories – weekly summary
ICIS Editorial
14-Jun-2021
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.
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