Asia top stories – weekly summary
ICIS Editorial
10-Jan-2022
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 7 January 2022.
OUTLOOK ’22: Asia butyl glycol Q1 import
sentiment to stay weak
Poor sentiment for butyl glycol (BG) imports in
Asia will likely persist in the first quarter
of 2022, even as overall supply may tighten due
to a few upcoming plant turnarounds.
OUTLOOK ’22: India, Mideast PVC supply to
improve; market sentiment turns
better
Polyvinyl chloride (PVC) supply to India and
the Middle East, particularly from the US, is
expected to improve this year following tight
availability in 2021.
OUTLOOK ’22: Asia PX faces oversupply
challenges amid continual capacity
expansions
Asia’s paraxylene (PX) market is likely to stay
in an oversupplied situation in 2022, with new
capacities scheduled for commercial operations
starting from the second quarter of the year.
OUTLOOK ’22: Asia acetic acid face Q1 supply
pressure barring unplanned plant
outages
Asia’s acetic acid near term outlook was
overall downbeat on expectations of mounting
supply ahead of the impending recovery from
unplanned outages in China, barring any major
unplanned plant outages.
OUTLOOK ’22: Asia SM activity hinges on plant
run rates, reverse arbitrage in H1
rading activity and overall fundamentals in
Asia’s styrene monomer (SM) market will likely
hinge on plant utilisation rates across the
region and the ability to sustain a reverse
arbitrage in the first half of the year.
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