Asia top stories – weekly summary
ICIS Editorial
08-Apr-2024
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 5 April 2024.
Oil at six-month highs; Brent crude at above
$91/bbl on Mideast tensions
By Nurluqman Suratman 05-Apr-24 11:00 SINGAPORE
(ICIS)–Oil prices were extending gains, with
Brent crude hitting past the $91/barrel mark on
Friday, fueled by escalating geopolitical
tensions in the Middle East which could disrupt
supply amid output cuts by OPEC and its allies
(OPEC+).
INSIGHT: NE Asia C2 shipments slower for May,
arb narrowing for SE Asia
By Josh Quah 04-Apr-24 21:35 SINGAPORE
(ICIS)–With spot discussions now turned to May
arrivals, Asia ethylene markets are in a
wait-and-see moment.
Taiwan petrochemical operations normal despite
7.7-magnitude quake
By Nurluqman Suratman 03-Apr-24 15:18 SINGAPORE
(ICIS)–Operations at most petrochemical plants
in western Taiwan were unaffected by a major
quake that struck off the eastern coast of the
island early on Wednesday, but the port at
Formosa Petrochemical Corp’s (FPCC) Mailiao
refinery was reportedly shut.
Singapore March manufacturing improves;
external headwinds persist
By Nurluqman Suratman 03-Apr-24 12:12 SINGAPORE
(ICIS)–Manufacturing activity in Singapore
improved in March, boosted by higher export
orders, but may remain weighed down in the near
term by global economic weakness.
INSIGHT: India’s PVC in the eye of the storm;
ADD inquiry launched, BIS regulation
looms
By Damini Dabholkar 02-Apr-24 16:00 SINGAPORE
(ICIS)–India’s polyvinyl chloride (PVC) market
was active over the past two weeks, with April
offers being announced, and notifications being
released for two regulations.
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