Asia top stories – weekly summary

ICIS Editorial


SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 17 November 2023.

Singapore Oct petrochemical exports rise 3.4% in Oct, first expansion since Aug 2022
By Nurluqman Suratman 17-Nov-23 11:32 SINGAPORE (ICIS)–Singapore’s petrochemical exports rose by 3.4% year on year to Singapore dollar (S$) 1.24bn in October, marking the first expansion since August last year, official data showed on Friday.

Japan’s October chemical exports fall 7.9% on weakening global demand
By Nurluqman Suratman 16-Nov-23 12:04 SINGAPORE (ICIS)–Japan’s chemical shipments abroad in October fell by 7.9% year on year to yen (Y) 957bn ($6.3bn), weighing on overall exports, whose growth slowed amid tepid external demand.

Asian synthetic rubber import trades muted amid buy-sell differences
By Ai Teng Lim 15-Nov-23 10:10 SINGAPORE (ICIS)–Discussions for Asian imports of synthetic rubbers, from styrene-butadiene-rubber (SBR) to polybutadiene rubber (PBR), are losing steam as most buyers continued to stay away.

PODCAST: China gasoline, gasoil prices fall after rising in early Nov
By Floria Dai 14-Nov-23 15:53 SINGAPORE (ICIS)–China’s domestic wholesale prices for gasoline and gasoil rose and then declined in early November.

Hyundai starts building $1.5bn electric vehicle plant in South Korea
By Nurluqman Suratman 14-Nov-23 14:51 SINGAPORE (ICIS)–Hyundai Motor Co has started construction of a new electric vehicle (EV) manufacturing plant in Ulsan, South Korea, whose total project cost is Korean won (W) 2tr ($1.5bn).

NE Asia C3 snaps three-week price rally amid lower crude, weak demand
By Julia Tan 10-Nov-23 21:40 SINGAPORE (ICIS)–The average weekly price for spot propylene (C3) imports in northeast Asia fell, snapping a three-week-long price rally. Weaker demand weighed on discussions, resulting in slightly lower viable trading levels for imports overall, with the market’s outlook continuing to be pessimistic amid recent crude declines.


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