TOPIC PAGE: Coronavirus, oil price direction – impact on chemicals

Will Beacham

19-Jan-2022

Tune in to the ICIS Think Tank podcast as supply chain crisis is delaying an inevitable downturn for chemicals.

Early January lockdowns in two cities which are home to some of China’s busiest container shipping ports, plus long delays at US ports, spell more trouble for global supply chains at the start of 2022.

Recent coronavirus resurgences in the Ningbo region of China have disrupted the movements of both propylene imports and domestic propylene, although market sentiment is slightly mixed as regards the extent of the disruption.

Northeast Asia’s acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) markets were stable, tracking subdued momentum amid feedstock support.

An upbeat mood hardly prevails in Asian palm methyl ester (PME) biodiesel markets during the winter, when there is a seasonal demand lull in key export outlets Europe and China. But this year is anomalous, ipso facto, triggered by bullish feedstock crude palm oil (CPO) futures in Asia. Biodiesel prices have been on an uptrend, tracking those of CPO, according to ICIS data.

Spreads between US spot styrene and benzene continue to narrow into new year on elevated upstream cost pressures and strengthening fundamentals.

NYMEX WTI crude futures for February delivery finished up for the second consecutive session, settling at $82.64/bbl, up $1.42, hitting two-month highs in response to a much greater than forecast drawdown in crude oil inventories revealed by the weekly supply statistics from the Energy Information Administration (EIA).

Updated on 14 January with news story links

On this topic page we analyse the impact of coronavirus and oil price dynamics on chemical markets and bring together the latest news reported by ICIS. 

Scroll down to see the latest interactive graphics, podcasts and videos. 

Click here to register for regular updates to help you navigate these challenging times.

LATEST HEADLINES

NE Asia ABS, SAN declines halt on feedstock support, momentum flat
By Angeline Soh 14-Jan-22 13:24 SINGAPORE (ICIS)–Northeast Asia’s acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) markets were stable, tracking subdued momentum amid feedstock support.

INSIGHT: Buoyant Asia biodiesel sentiment atypical on bullish palm oil futures
By Felicia Loo 13-Jan-22 18:52 SINGAPORE (ICIS)–An upbeat mood hardly prevails in Asian palm methyl ester (PME) biodiesel markets during the winter, when there is a seasonal demand lull in key export outlets Europe and China.

US spot styrene-benzene spreads narrow on stronger crude, fundamentals
By Adam Burkin 13-Jan-22 06:44 HOUSTON (ICIS)–Spreads between US spot styrene and benzene continue to narrow into new year on elevated upstream cost pressures and strengthening fundamentals.

US crude futures surge $1.42/bbl on tight supplies and rising demand
By Ignacio Sotolongo 13-Jan-22 05:31 HOUSTON (ICIS)–NYMEX WTI crude futures for February delivery finished up for the second consecutive session, settling at $82.64/bbl, up $1.42, hitting two-month highs in response to a much greater than forecast drawdown in crude oil inventories revealed by the weekly supply statistics from the Energy Information Administration (EIA).

INSIGHT: China lockdowns, US congestion threaten more trouble for global supply chains
By Will Beacham 13-Jan-22 00:37 BARCELONA (ICIS)–Early January lockdowns in two cities which are home to some of China’s busiest container shipping ports, plus long delays at US ports, spell more trouble for global supply chains at the start of 2022.

PODCAST: Supply chain crisis delaying inevitable downturn for chemicals
By Will Beacham 11-Jan-22 22:54 BARCELONA (ICIS)–Congested global supply chains are masking a downturn in demand for chemicals, driven by China’s slowing economy, high energy prices plus falling consumer confidence and spending.

New COVID outbreaks in new year likely to impact cargo movement – Maersk
By Adam Yanelli 11-Jan-22 13:49 HOUSTON (ICIS)–The container shipping industry is continuing to battle with congested ports and labour issues, including outbreaks of COVID-19 in the area surrounding one of China’s largest ports that are making it harder to move product from region to region.

Ningbo lockdown creates C3 logistics issues
By Julia Tan 11-Jan-22 12:23 SINGAPORE (ICIS)–Recent coronavirus resurgences in the Ningbo region of China have disrupted the movements of both propylene imports and domestic propylene, although market sentiment is slightly mixed as regards the extent of the disruption.

OUTLOOK ‘22: Asia EVA demand driven by China’s PV, supporting capacities
By Helen Lee 07-Jan-22 10:47 SINGAPORE (ICIS)–Asia’s ethylene vinyl acetate (EVA) market faces near-term headwinds on rising supply, but demand growth driven by the renewable energy and photovoltaic (PV) industry is poised to support capacity expansions longer term in 2022.

OUTLOOK ’22: Europe ABS supply shortage into H1, potential recovery by H2
By Stephanie Wix 07-Jan-22 00:03 LONDON (ICIS)–The supply shortage in the European acrylonitrile-butadiene-styrene (ABS) market is expected to continue until Q2 2022 at least due to ongoing pressures including production issues and low imports amid strong demand trends.

OUTLOOK ’22: Mideast polyols Q1 demand uncertain amid Omicron spread, shipping woes
By Damini Dabholkar 06-Jan-22 13:45 SINGAPORE (ICIS)–Middle East polyols market outlook is somewhat uncertain in the first quarter of 2022 as a result of raging spread of Omicron variant of COVID-19 in the world and still very high freight rates making shipment costs expensive.

US PET market conditions remain stable despite surge in Omicron infections
By Luly Stephens 06-Jan-22 17:00 HOUSTON (ICIS)–US polyethylene terephthalate (PET) market fundamentals remain strong amid robust demand and stable pricing for virgin resin while prices for recycled PET increased.

OUTLOOK ’22: Asia’s FAE to see Chinese interest in early January despite Omicron concerns
By Helen Yan 05-Jan-22 11:47 SINGAPORE (ICIS)–Asia’s fatty alcohol ethoxylates (FAE) market is expected to see emerging Chinese spot interest in early January, despite concerns over the impact of the highly infectious Omicron coronavirus variant on the global economic recovery.

OUTLOOK ’22: Middle East base oils market faces uncertain outlook
By Izham Ahmad 05-Jan-22 13:35 SINGAPORE (ICIS)–The Middle East base oils spot market faces an uncertain outlook in 2022, with supply of most grades expected to be largely sufficient but demand expected to remain stable to soft due to sluggish economic growth and global automotive sales.

CRUDE SUMMARY: Oil up as Omicron optimism offsets US demand slump
By Richard Price 05-Jan-22 14:29 LONDON (ICIS)–Crude futures extended their ascent on Wednesday, as investors continued to focus on price supportive developments. US crude stockpiles fell for the sixth consecutive week on Wednesday, confirming industry reports released late on Tuesday.

OUTLOOK ’22: Asia nylon shaken by pessimistic automotive projections amid Omicron fears
By Angeline Soh 04-Jan-22 11:04 SINGAPORE (ICIS)–Asia Nylon 6, or polyamide (PA) resins 6, is set to start the year on shaky ground, on the back of gloomy derivative automotive projections as several lockdowns have been imposed due to Omicron, the latest COVID-19 variant.

OUTLOOK ’22: Europe PVC expectations driven by pandemic trends, global weakness
By Chris Barker 28-Dec-21 19:00 LONDON (ICIS)–European polyvinyl chloride (PVC) is expected to remain tight in 2022 on high underlying demand. Global developments, however, point in a longer direction and the impact on feedstock prices is as yet unclear. The challenges presented by the coronavirus pandemic have dominated discussions since early 2020, with the market potentially reverting towards the mean if the disease recedes across Europe.

OUTLOOK ’22: Omicron surge dampens Europe investor confidence but chems M&A to continue
By Tom Brown 30-Dec-21 20:00 LONDON (ICIS)–Portfolio optimisation, private equity interest, and the intensifying pressure of sustainability targets are likely to continue to drive the chemicals mergers and acquisitions (M&A) market, despite the battering that investor confidence took in late 2021 when the Omicron COVID-19 variant emerged.

OUTLOOK ’22: US chemical equities likely to continue on upswing on strong demand
By Janet Miranda 29-Dec-21 23:12 HOUSTON (ICIS)–Chemical equities are on track to end 2021 higher, as demand in key end markets continues, the upswing may likely continue into the new year as post-pandemic demand accelerates. But several factors such as ongoing high inflation rates, the US Federal Reserve’s new monetary policy tilt, including the acceleration of the reduction of its monthly bond purchases, and the rise of the Omicron COVID-19 variant increase volatility. Not to mention the supply chain and logistics challenges that have left no sector of the economy untouched.

OUTLOOK ’22: Europe PVC expectations driven by pandemic trends, global weakness
By Chris Barker 28-Dec-21 19:00 LONDON (ICIS)–European polyvinyl chloride (PVC) is expected to remain tight in 2022 on high underlying demand. Global developments, however, point in a longer direction and the impact on feedstock prices is as yet unclear. The challenges presented by the coronavirus pandemic have dominated discussions since early 2020, with the market potentially reverting towards the mean if the disease recedes across Europe.

OUTLOOK ’22: Asia ADA outlook mixed on supply cuts, slowing demand
By Judith Wang 24-Dec-21 13:07 SINGAPORE (ICIS)–The outlook for the Asian adipic acid (ADA) market is mixed in the first quarter of 2022 as producers in north China will be forced to cut operations in January and February, but slowing demand may mitigate the supply cuts.

OUTLOOK ’22: Seasonal demand likely for US IPA, but Omicron a caveat
By Larry Terry 24-Dec-21 05:23 HOUSTON (ICIS)–Softer propylene will continue to exert downward pressure on US isopropanol (IPA) early in 2022, but the solvent is expected to see typical demand patterns next year, albeit with the Omicron variant of the coronavirus remaining a significant caveat.

Feedstock costs of US glycol ethers decline in December, as Omicron variant looms
By Deniz Koray 24-Dec-21 00:35 HOUSTON (ICIS)–US glycol ethers have loosened from their tightest points of 2021, back in the late winter and early spring, which followed multiple producer disruptions in the aftermath of winter storm Uri. Demand remains strong among end users, but the sudden rise of the Omicron variant of the coronavirus could test market fundamentals if cases continue to rapidly increase.

PODCAST: Europe oxo-alcohols, acrylates and butac markets stable despite production limitations
By ICIS Editorial 24-Dec-21 00:21 LONDON (ICIS)–The European oxo-alcohols chain is largely quiet due to seasonal low demand, although Arkema and INEOS declared force majeures during December. Butyl acetate (butac) report editor Nick Cleeve examines the impact of these limitations with oxo-alcohols editor Nicole Simpson and acrylate esters editor Mat Jolin-Beech.

PODCAST: UAN market eyes 2022 with high prices and US import duty concerns
By Sylvia Traganida 23-Dec-21 19:22 LONDON (ICIS)–The UAN market in 2021 had it all – from high nitrogen and natural gas prices to tight supply and countervailing duties in the US. It has certainly been a bumpy year. Senior UAN editors Sylvia Traganida and Mark Milam discuss the factors affecting the market this year and look ahead to what to expect in 2022.

PODCAST: China benzene in downtrend amid gradually increasing inventories
By Sam Liang 23-Dec-21 14:45 SINGAPORE (ICIS)–Listen to ICIS analyst Jady Ma and Sam Liang discuss the current state and outlook of China’s benzene market.

INSIGHT: Omicron, China slowdown, supply chains and energy prices pose 2022 chems demand risks
By Will Beacham 22-Dec-21 22:16 BARCELONA (ICIS)–The rampant spread of the Omicron coronavirus variant, a slowdown in the world’s largest chemical market China, continued supply chain disruption and elevated energy prices add risks to economic growth and demand for chemicals in 2022.

OUTLOOK ’22: Global oil braced for tighter supply and demand balance
By Cecilia Barreiro 22-Dec-21 18:15 LONDON (ICIS)–Global crude oil markets face a new faster-spreading coronavirus variant and increasing output, while geopolitics could take centre stage next year.

VIDEO: China PE faces ample supply, weak demand in Q1 2022
By Joanne Wang 16-Dec-21 17:56 SINGAPORE (ICIS)–Watch industry analyst Joanne Wang discuss the polyethylene (PE) market in China which is currently weakening.

Asia biodiesel offers fall on CPO losses, thin demand
By Felicia Loo 16-Dec-21 13:31 SINGAPORE (ICIS)–Selling indications for palm methyl ester (PME) biodiesel continued to decline, tracking persistent losses in feedstock crude palm oil (CPO) futures at a time of weak demand and market uncertainty.

INSIGHT: Logistics woes intensify as Omicron variant rocks Europe
By Tom Brown 16-Dec-21 00:11 LONDON (ICIS)–The supply chain pressures that have dogged the European chemicals sector since the onset of the COVID-19 pandemic are hitting harder than ever in the run-up to the holiday season, as governments respond to rising infection rates.

Zhejiang COVID-19 outbreak hits east China petrochemical logistics
By Fanny Zhang 14-Dec-21 15:16 SINGAPORE (ICIS)–Tightening restrictions at factories and ports in Zhejiang following a fresh COVID-19 outbreak are causing delays in transportation of petrochemicals in China’s eastern province.

PODCAST: Economy, chemicals may switch from inflation to deflation in 2022
By Will Beacham 14-Dec-21 21:54 BARCELONA (ICIS)–The global economy may reverse from price inflation to deflation next year as supply chains unblock amid tepid underlying demand.

VIDEO: China BG sentiment may remain weak; import supply to tighten
By Bonnie Yin 14-Dec-21 12:57 SINGAPORE (ICIS)–Watch ICIS editor Bonnie Yin discuss China’s butyl glycol (BG) market developments and outlook.

INSIGHT: Omicron variant is driving deterioration in business sentiment
By Nigel Davis 13-Dec-21 22:49 LONDON (ICIS)–The fear of rising infections from the Omicron variant of COVID-19 is grabbing news headlines this week as governments react by raising coronavirus risk levels. Some further national lockdowns might be expected for early next year as the fast spread of the variant causes greater concern. Additional travel restrictions are already being introduced.

OPEC revises down 2021 global GDP estimates, Omicron hits Q4 crude demand
By Tom Brown 13-Dec-21 23:00 LONDON (ICIS)–Q4 crude oil demand is likely to be weaker than expected as a result of European countries’ response to the emergence of the Omicron COVID-19 variant, OPEC said on Monday, while full-year GDP growth is also likely to come in below forecasts.

Indian SBR, PBR import trades under pressure on slowing demand
By Ai Teng Lim 09-Dec-21 10:51 SINGAPORE (ICIS)–Softer demand is taking a toll on discussions this week on India-bound import cargoes of synthetic rubber grades like styrene butadiene rubber (SBR) and polybutadiene rubber (PBR).

PODCAST: GCC eyes stronger PP demand in 2022
By Jasmine Khoo 09-Dec-21 12:10 SINGAPORE (ICIS)–The Gulf Cooperation Council (GCC)’s polypropylene (PP) market has had a volatile run in 2021, with vast contrasts and swings in PP prices rendering buyers unclear on what 2022 is set to bring.

VIDEO: Asia benzene rebounds; volatile SM may extend into 2022
By Angeline Soh 08-Dec-21 18:02 SINGAPORE (ICIS)–Watch pricing editors Angeline Soh and Trixie Yap discuss current developments and outlook for Asia’s benzene and styrene monomer (SM) markets.

China November petrochemical markets slump as supply disruptions ease
By Yvonne Shi 07-Dec-21 14:45 SINGAPORE (ICIS)–China’s petrochemical markets slumped in November following a sharp surge in the previous month, as energy consumption curbs that caused heavy production disruptions have eased.

PODCAST: As China moves to PP self-sufficiency, expect scramble for global market share
By Will Beacham 07-Dec-21 22:05 BARCELONA (ICIS)–China may become self-sufficient in polypropylene (PP) from 2022, raising the prospect of a scramble for market share globally and a possible price war.

Europe glycerine supply to remain tight until year-end despite easing feedstock pressures
By Samantha Wright 06-Dec-21 23:38 LONDON (ICIS)–European glycerine availability is expected to remain very short for the rest of the year, despite improvements in upstream biodiesel production.

INSIGHT: Europe PP 2022 contracts discussed as security of supply vies with new output
By Linda Naylor 06-Dec-21 23:50 LONDON (ICIS)–Many polypropylene (PP) buyers in Europe are still discussing 2022 volume and pricing contracts, mindful of product shortages in 2021, but also of the swathe of new capacity coming on-stream next year.

Crude rises more than $1/bbl on demand optimism after Saudi price hike
By James Dennis 06-Dec-21 16:02 SINGAPORE (ICIS)–Benchmark crude prices rallied on Monday, rising by more than $1/bbl or over 2% on the previous close, amid a more optimistic demand outlook after Saudi Arabia raised its January Official Selling Prices (OSP) for customers in Asia.

Crude prices rise further following OPEC+ decision
By James Dennis 03-Dec-21 16:45 SINGAPORE (ICIS)–Benchmark crude prices rose by more than $1/bbl on Friday following on from gains made in the previous session, OPEC and its allies (OPEC+) announced that they will maintain plans to raise production by 400,000 bbl/day in January 2022.

Global chemical sentiment bearish on Omicron spread
By Felicia Loo 03-Dec-21 13:15 SINGAPORE (ICIS)–Global chemical sentiment has become bearish amid the rise of the Omicron variant of the coronavirus, with buyers sidelined at a time of uncertainty and as several countries undertook imposed travel restrictions and temporary border closures.

INSIGHT: SE Asian IPA Q1 market sentiment weak on shipping woes
By Julia Tan 03-Dec-21 11:00 SINGAPORE (ICIS)–Southeast Asian isopropanol (IPA) markets are expected to see bearish sentiment in the first quarter of 2022, as upstream acetone and propylene are unlikely to provide significant support to a market that is already struggling with weak seasonal demand and supply chain disruptions.

US crude futures finish up 93 cents/bbl on rollercoaster action
By Ignacio Sotolongo 03-Dec-21 06:01 HOUSTON (ICIS)–NYMEX WTI crude futures experienced another wild intra-day low/high swing of $5.00/bbl before showing a preference for the upside and settling at $66.50/bbl for January delivery. It was a day of headline trading, with concerns that the Omicron coronavirus variant would result in lockdowns and travel restrictions adversely impacting global economic growth.

US Q1 glycerine contract negotiations ongoing amid major cost pressures
By Lucas Hall 03-Dec-21 07:50 HOUSTON (ICIS)–US Q1 glycerine contract negotiations are ongoing. Most major contracts are finalised, with freely negotiated settlements largely heard at least 15-20% higher from their Q4 levels.

Northeast Asian C3 bearish despite healthier margins
By Julia Tan 02-Dec-21 20:57 SINGAPORE (ICIS)–Despite healthier margins amid falling feedstock prices, bearish sentiment continues in the northeast Asian propylene spot markets, with participants anticipating limited support from derivative sectors.

INSIGHT: Omicron variant may further erode US PE margins
By Al Greenwood 02-Dec-21 09:09 HOUSTON (ICIS)–The Omicron variant of the coronavirus could further erode US margins for polyethylene (PE) if travel restrictions imposed to limit the spread of the disease lead to a sustained decline in oil prices.

INSIGHT: Energy crisis in Europe intensifies as weather takes its grip
By Nigel Davis 01-Dec-21 23:23 LONDON (ICIS)–The uncertainties surrounding energy price direction in December and through the winter months in northern Europe weigh heavily on regional petrochemical producers.

Influx of US ethylene supply on the way as demand remains strong
By Michael Sims 01-Dec-21 07:58 HOUSTON (ICIS)–US ethylene supply is set to loosen as the year comes to a close, with plant turnaround completions and two new steam cracker start-ups approaching.

Europe capro demand weaker in December on downstream slowdown
By Marta Fern 30-Nov-21 22:35 LONDON (ICIS)–The European caprolactam (capro) market faces weaker buying interest for December, ample supply and ongoing pressure from high production costs.

INSIGHT: Omicron variant, Fed’s hawkish tilt point to slower US and global economic growth
By Joseph Chang 30-Nov-21 16:25 NEW YORK (ICIS)–The emergence of the Omicron variant and the US Federal Reserve’s new hawkish tilt point to slower US and global economic growth going forward, putting pressure on the outlook for economically sensitive sectors such as chemicals.

US crude futures plunge $3.77/bbl on vaccine effectiveness
By Ignacio Sotolongo 30-Nov-21 15:44 HOUSTON (ICIS)–NYMEX WTI crude futures experienced another round of length liquidation, settling at $66.18, down $3.77, for January delivery on concerns that COVID-19 vaccines may not be as effective against the Omicron variant.

PODCAST: Omicron risks further chemicals supply chain and demand disruption
By Will Beacham 30-Nov-21 09:22 BARCELONA (ICIS)–The Omicron coronavirus variant may further disrupt supply chains while impacting demand for chemical markets around the world.

VIDEO: China toluene flips into backwardation as prompt prices rise
By Veronica Zhang 30-Nov-21 16:20 SINGAPORE (ICIS)–Watch industry analyst Veronica discuss China’s toluene which is currently in backwardation amid unusually buoyant prompt prices.

INSIGHT: New coronavirus variant concerns slam oil, raise new woes
By Nigel Davis 27-Nov-21 00:42 LONDON (ICIS)–A concerted effort by major consuming nations to cap the run up in crude oil prices this week, on the face of it, failed miserably – prices rose after the US, China, India, South Korea, Japan, and the UK agreed to release reserves. Concerns over fuel and energy price inflation are pitted against the reluctance of the OPEC+ producing nations to pump significantly more crude.

Crude falls sharply amid oversupply fears and new coronavirus threat concerns
By James Dennis 26-Nov-21 17:08 SINGAPORE (ICIS)–Crude fell sharply during Asian trading with ICE Brent futures falling by close to 5% amid heightened concerns of a potential oversupply of crude in first quarter of 2022 resulting from US-led inventory release plans by leading consumers, and heightened demand worries following the emergence of new coronavirus variant.

NE Asia C2 supply to rise in Dec/early ‘22 on increased S Korea output
By Yeow Pei Lin 26-Nov-21 12:58 SINGAPORE (ICIS)–Northeast Asia’s spot ethylene (C2) supply is expected to rise in December and January on the back of increased output and weak downstream conditions in South Korea.

PODCAST: Europe oxo-alcohols chain stabilises in November
By Eashani Chavda 26-Nov-21 00:53 LONDON (ICIS)–European oxo-alcohols availability has improved in Q4 following the lifting of force majeures by BASF and OQ. ICIS Editors Eashani Chavda, Nicole Simpson, Nick Cleeve and Mathew Jolin-Beech discuss the latest for the oxo-alcohols chain including; glycol ethers, butyl acetate (butac) and acrylate esters.

Arbitrage window opens slightly for Asia and Europe propylene
By Julia Tan 25-Nov-21 19:42 SINGAPORE (ICIS)–The arbitrage window has opened slightly between Asia and Europe for propylene, with some Asian suppliers hoping to send cargoes to European buyers with better netbacks.

US glycerine markets to remain bullish into Q1 as demand outpaces supply
By Lucas Hall 25-Nov-21 07:00 HOUSTON (ICIS)–US glycerine markets are expected to remain bullish well into Q1 as demand continues to outpace supply because of ongoing disruptions globally.

PODCAST: China’s dual control policy – what now?
By Jasmine Khoo 25-Nov-21 12:00 SINGAPORE (ICIS)–China has pledged to achieve peak carbon emission by 2030 and carbon neutrality by 2060, and the dual control policy is part of this movement towards an environmentally-friendly future. In this episode of the ICIS Podcast, Markets Editor Julia Tan speaks with Jimmy Zhang, ICIS analyst to delve into the policy; looking at what it is, how it has broadly affected the markets, and how long its effects can be expected to last.

High US TEG prices attract Europe imports; DEG stabilising
By Antoinette Smith 24-Nov-21 08:51 HOUSTON (ICIS)–High US triethylene glycol (TEG) spot prices have attracted imports from Europe, as domestic demand continues to significantly outpace supply.

US ABS faces continued tight supply through year-end
By John Donnelly 22-Nov-21 22:50 HOUSTON (ICIS)–US acrylonitrile-butadiene-styrene (ABS) supplies will remain tight through the end of the year but the resumption of two plants and falling auto demand could offer relief in Q1.

PODCAST: Latest global ACN supply improved but costs a concern for US and Europe
By ICIS Editorial 24-Nov-21 19:06 LONDON (ICIS)–The global acrylonitrile (ACN) markets are calmer than in recent months but there are many factors still to take into account. In this podcast, ICIS pricing editors Jane Massingham (Europe), Lucas Hall (US) and Li Li Chng (Asia) discuss the latest developments in the market and what can be expected in the short-term.

German states urged to adopt compulsory COVID-19 vaccinations, US warns against travel
By Stefan Baumgarten 23-Nov-21 11:38 LONDON (ICIS)–Germany’s state governments must consider compulsory vaccination to contain the unrelenting rise in infections from the coronavirus’ fourth wave, the head of the country’s prosperous Baden-Wurttemberg state said on Tuesday.

Europe methanol downtrend pauses on firmer demand in late Q4
By Eashani Chavda 22-Nov-21 19:13 LONDON (ICIS)–European methanol demand is expected to remain robust heading into December, supporting spot prices after a rapid decline.

US MA slightly less firm as supply-and-demand balance improves
By Tarun Raizada 19-Nov-21 07:00 HOUSTON (ICIS)–US maleic anhydride (MA) is trending up in November, but is a little less firm than the previous few months as the supply-and-demand balance has improved.

US benzene receiving support from crude going into December while demand weakens
By Adam Burkin 19-Nov-21 05:50 HOUSTON (ICIS)–US benzene continues to receive support from rising crude costs despite weakening downstream demand.

China’s VAM supply tightness to persist, demand mixed
By Zimeng Li 18-Nov-21 17:30 SINGAPORE (ICIS)–China’s vinyl acetate monomer (VAM) market is expected to remain in short supply in the near term despite a slight ease in tightness amid import inflows, while performance in downstream demand will likely remain mixed.

EU’s definitive ADD measures may further weigh on Asia MEG discussions
By Judith Wang 18-Nov-21 14:39 SINGAPORE (ICIS)–The definitive antidumping (ADD) measures for US and Saudi Arabia imports to Europe may further weigh on Asia’s monoethylene glycol (MEG) market, which has been plagued by rising new supply and dwindling demand.

VIDEO: Asian melamine set to remain bearish amid slow demand
By Joson Ng 18-Nov-21 11:15 SINGAPORE (ICIS)–Watch ICIS editor Joson Ng discuss the latest developments in the Asian melamine market.

VIDEO: China’s PP exports may increase on weak domestic market
By Lucy Shuai 17-Nov-21 14:06 SINGAPORE (ICIS)–In this video, ICIS industry analyst Lucy Shuai shares her insight thoughts on China’s polypropylene market, which heavily swung this year.

Europe November epoxy resins firm on growing costs, snug supply
By Heidi Finch 17-Nov-21 23:38 LONDON (ICIS)–Escalating costs and largely snug Europe epoxy resins supply have led to firmer talks for domestic product in November.

PODCAST: Asia ABS gains capped by sluggish demand for Q4
By Jasmine Khoo 16-Nov-21 16:42 SINGAPORE (ICIS)–Asia acrylonitrile butadiene styrene (ABS) prices did not climb to earlier highs during the traditional peak of October and November, reflecting comparatively softer demand. In this podcast, Jasmine Khoo speaks with editor Angeline Soh about recent developments in the Asian ABS market.

Strong demand, feedstock costs continue to pressure US etac
By Anna Matherne 16-Nov-21 05:36 HOUSTON (ICIS)–US ethyl acetate (etac) spot prices continue to see pressure from high upstream acetic acid prices, heading into the year’s end.

ANALYSIS AND RESOURCES

READ MORE

ICIS Premium news service

The subscription platform provides access to our full range of breaking news and analysis

Contact us now to find out more

Speak with ICIS

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?