Asia top stories – weekly summary
ICIS Editorial
05-Jul-2021
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 2 July 2021.
OUTLOOK: Asia naphtha poised for rosy demand
support in H2
Asia’s naphtha demand will be buoyed in the
second half by greater downstream capacity,
with new crackers starting up in South Korea,
while sustained curbs in refinery output will
keep supply in check.
Vietnam GDP growth accelerates in Q2 on strong
industry output
Vietnam’s economic expansion accelerated in the
second quarter on an annualized basis, backed
by strong performance from the manufacturing
sector.
Malaysia industries reel from indefinite
extension of full lockdown
Manufacturing constraints in Malaysia will
continue indefinitely with the extension of the
full lockdown in the country, which is battling
a third wave of COVID-19 infections.
PODCAST: Divergent trends ahead for Asian and
US PC markets
Market sentiment in Asian polycarbonate (PC)
spot markets have been bearish lately amid weak
demand and upstream market declines,
particularly in the Chinese bisphenol A (BPA)
spot markets. However, the US PC market
continues to be relatively strong on tight
supply and good demand.
Asia’s fatty acids market lacklustre despite
cut in India’s crude palm oil import
duty
Asia’s fatty acids market remained lacklustre
as players stayed on the sidelines despite news
that India will cut its import duty for crude
palm oil and that Indonesia will reduce its
export tax and levy for the palm oil complex
markets.
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