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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