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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