PODCAST: Asia and Europe oxo-alcohols brace for weak demand in 2024

Julia Tan

29-Nov-2023

SINGAPORE (ICIS)–The ICIS forecast underlines that average prices of Asia oxo-alcohols are expected to decline by 25-28% in 2024, largely caused by new supply from the China capacity expansion plans in 2024.

Demand recovery is expected to face some challenges because of the weak global economy and geopolitical instabilities.

  • Tight import supply lends support to Asia, Panama Canal logistics issues compound snug supply
  • Demand recovery for oxo-alcohols and plasticizers in 2024 to remain sluggish in Asia, Europe
  • European contract discussions commence; market participants cautious

In this podcast, ICIS editors Nicole Simpson and Julia Tan discuss the 2024 outlook for oxo-alcohols and plasticisers in Asia and Europe.

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