Asia top stories – weekly summary
ICIS Editorial
23-Jan-2023
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 20 January 2023.
China ethylene buyers’ price ideas edge
up ahead of holiday
By Yeow Pei Lin 20-Jan-23 11:14 SINGAPORE
(ICIS)–Northeast Asia’s spot ethylene prices
rebounded slightly in recent days, aided by
limited offers, improving prices for certain
derivatives in China and strong feedstock
naphtha costs.
Asia BDO rebounds as buyers pin hopes on
renewed post-holiday demand
By Clive Ong 19-Jan-23 11:38 SINGAPORE
(ICIS)–Asia’s 1,4-butanediol (BDO) market
surged this week as buying momentum for
February cargoes picked up on expectations of
firmer demand post-Lunar New Year.
Japan’s Toyota targets record ’23 car output of
10.6m units, with caveat
By Pearl Bantillo 18-Jan-23 13:21 SINGAPORE
(ICIS)–Global automotive giant Toyota is
targeting to produce 10.6m units in 2023,
subject to a possible downward adjustment of
10% if problems with supply of semiconductors
persist.
China 2022 GDP growth slows to 3%; re-opening
to drive 2023 recovery
By Nurluqman Suratman 17-Jan-23 16:21 SINGAPORE
(ICIS)–China’s economy grew by 3% in 2022,
marking its slowest pace of expansion in
decades, highlighting the impact of the
country’s long-standing zero-COVID strategy.
INSIGHT: Asia petrochemicals to rebound in
January amid demand recovery – ICIS
analysts
By Jenny Yi 17-Jan-23 21:45 SINGAPORE
(ICIS)–The Asia petrochemical market is
expected to rebound from January in view of
demand recovery in the coming months with
China’s abandonment of its strict zero-COVID
policy. The appreciation of Asia currencies
against the US dollar should also support the
outlook.
Qatar’s $6bn Ras Laffan project to boost
Mideast PE exports, shift trade
flows
By Nurluqman Suratman 16-Jan-23 13:49 SINGAPORE
(ICIS)–Qatar’s $6bn joint venture Ras Laffan
petrochemicals complex is expected to boost the
Middle East’s polyethylene (PE) exports and
could result in a major shift to global trade
flows once it comes on stream, according to
ICIS analysts.
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