Asia top stories – weekly summary
ICIS Editorial
19-Feb-2024
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 16 February 2024.
Singapore Jan petrochemical exports rise 8.7%,
NODX up 16.8%
By Nurluqman Suratman 16-Feb-24 09:55 SINGAPORE
(ICIS)–Singapore’s petrochemical exports in
January rose by 8.7% year on year to Singapore
dollar (S$) 1.11bn ($822m), with non-oil
domestic exports (NODX) posting a 16.8% growth
for the month, official data showed on Friday.
Asia fatty acids market faces cost pressures on
strong palm oil prices
By Helen Yan 15-Feb-24 13:10 SINGAPORE
(ICIS)–Asia’s fatty acids market is likely to
face costs pressures from recent spikes in
upstream crude palm oil (CPO) prices, while
demand is expected to stay tepid.
PODCAST: Asia R-PE, R-PET see slow 2023;
legislations, waste management to shape
future
By Damini Dabholkar 15-Feb-24 14:07 SINGAPORE
(ICIS)–Asia recycled polymers markets were
sluggish for the most part in 2023. In early
2024 too, challenges that dim the short-term
outlook persist.
INSIGHT: Indonesia polls raise questions over
Nusantara, import curbs
By Pearl Bantillo 13-Feb-24 19:27 SINGAPORE
(ICIS)–Indonesia, southeast Asia’s biggest
economy, will go to the polls on 14 February to
elect a new president, posing uncertainties on
continuity of economic policies, from import
restrictions coming into effect in March to
incumbent President Joko Widodo’s flagship
project of building a new capital called
Nusantara in Kalimantan province.
Asian EPDM market quiet amid holidays; demand
outlook mixed
By Ai Teng Lim 13-Feb-24 17:22 SINGAPORE
(ICIS)–Discussions for Asian spot imports of
ethylene propylene diene-monomer (EPDM) ground
to a halt this week, with much of Asia out of
action on extended Lunar New Year holidays.
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