Asia top stories – weekly summary

ICIS Editorial

12-Sep-2022

SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 9 September 2022.

Asia naphtha market in limbo on thin demand, ample supply
By Melanie Wee 08-Sep-22 13:39 SINGAPORE (ICIS)–Asia’s naphtha prices are being weighed down by thin demand and ample supply, with its forward market structure languishing at parity.

INSIGHT: Depreciating yuan, plunging freight rates may boost China PP exports
By Lucy Shuai 08-Sep-22 22:10 SINGAPORE (ICIS)–Activities in China’s polypropylene (PP) export market may get a boost in the near term from the persistently depreciating Chinese yuan against the US dollar, plunging freight rates to move cargoes out of China and supply drops amid hefty operational cutbacks overseas.

VIDEO: China BPA supply to increase on plant restarts, new capacities
By Zimeng Li 08-Sep-22 16:32 SINGAPORE (ICIS)–Watch industry analyst Zimeng Li discuss China’s bisphenol A (BPA) market amid expectations of increasing supply.

Indonesian recyclers brace for tight margins post fuel subsidy cut
By Arianne Perez 06-Sep-22 13:48 SINGAPORE (ICIS)–Plastics recyclers in Indonesia are bracing for tighter margins following Jakarta’s announcement of fuel subsidy slash, which hikes fuel costs by as much as 30%.

Oil rises $1/bbl on possible OPEC supply cuts; China lockdowns cap gains
By Nurluqman Suratman 05-Sep-22 11:19 SINGAPORE (ICIS)–Oil prices rose by more than $1/bbl on Monday morning as investors fret over a possible production cut by OPEC and its allies later in the day to support the market.

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