Asia top stories – weekly summary
ICIS Editorial
26-Sep-2022
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 23 September 2022.
Japan bucks global monetary tightening trend;
yen slumps to new 24-year low
By Nurluqman Suratman 22-Sep-22 17:54
Japan’s central bank decided on Thursday to
keep its ultra-low interest rates unchanged,
bucking the global monetary policy tightening
trend in the fight against rising inflation,
causing the yen to slump to a fresh 24-year
low.
Asian petrochemicals shares tumble after US Fed
interest rate hike
By Nurluqman Suratman 22-Sep-22 11:36
Asian petrochemical shares fell on Thursday as
fears of a global recession grew after the US
Federal Reserve (Fed) raised interest rates by
75 basis points (bps) to the highest level
since early 2008.
VIDEO: China’s phenol spikes on tight supply,
increasing demand
By Yoyo Liu 22-Sep-22 16:47
Watch ICIS senior industry analyst Yoyo Liu
discuss the recent rise China’s domestic phenol
prices amid improving demand and falling
supply.
SE Asian EPDM languishing with lacklustre
demand, outlook dull
By Ai Teng Lim 21-Sep-22 11:08
Weak demand is stifling spot trade for ethylene
propylene diene-monomer (EPDM) in southeast
Asia. End-users continue to shy away from fresh
spot EPDM procurement, wary of holding on to
raw material when offtake rate of finished
products remains slow.
Asia polyester sees weaker-than-expected buying
despite peak season
By Judith Wang 20-Sep-22 13:09
SINGAPORE (ICIS)–Spot polyester discussions in
Asia were stable to soft as buying appetite was
weaker than expected despite it being the peak
manufacturing season in September and October.
INSIGHT: Changes on China polyolefins trade
flows
By Joey Zhou 19-Sep-22 18:49
SINGAPORE (ICIS)–China polyolefins continue to
see decreasing imports and increasing exports
in 2022 amid its fundamental changes.
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