Asia top stories – weekly summary
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
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
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.
Speak with ICIS
Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.
Want to learn about how we can work together to bring you actionable insight and support your business decisions?