Asia top stories – weekly summary
ICIS Editorial
13-May-2024
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 10 May 2024.
PODCAST: APIC ‘24: Asia recycled plastics sees
sustainable finance focus
By Damini Dabholkar 10-May-24 12:22
SINGAPORE (ICIS)–Sustainable finance is a key
interest for companies seeking to enter the
recycled plastics market in Asia or to expand
their current capacities. Despite the various
financial instruments available, the absence of
a clear entry point often results in
uncertainty for firms. In this podcast, ICIS
analysts Chua Xin Nee and Joshua Tan explore
the different types of sustainability-related
loans available and their successful use cases.
China-SE Asia arbitrage flow for MTBE
unworkable on oil price falls
By Keven Zhang 10-May-24 11:50
SINGAPORE (ICIS)–The arbitrage of methyl
tertiary butyl ether (MTBE) from China to
southeast Asia can be reopened, after blenders
in southeast Asia finish consuming their
existing inventory.
PODCAST: Weak demand expected for Asia
propylene and downstream PO
By Damini Dabholkar 09-May-24 15:02 SINGAPORE
(ICIS)–Asia’s propylene market will continue
to see weak demand, although potential curbs in
plant run rates in China amid weak margins
could lend support.
China exports return to growth in April amid
signs of improving demand
By Nurluqman Suratman 09-May-24 14:31
SINGAPORE (ICIS)–China’s April exports rose by
1.5% year on year to $292.5 billion in April,
reversing the 7.5% contraction in March
supported by signs of improved global demand,
customs data showed on Thursday.
China petrochemical market edges up in Apr,
demand outlook remains weak
By Yvonne Shi 08-May-24 13:20 SINGAPORE
(ICIS)–China’s petrochemical market edged up
in April, with the ICIS China Petrochemical
Index – which tracks 17 key products in the
domestic market – rising slightly by 1.60% to
1267.60 by the end of the month as compared
with March.
Singapore April manufacturing slows amid
persistent external headwinds
By Nurluqman Suratman 07-May-24 11:59
SINGAPORE (ICIS)–Singapore’s manufacturing
activity fell in April as a result of decreased
export orders triggered by external demand
headwinds and high global interest rates.
NE Asia C3 talks to kick off, but supply
concerns weigh on buyers
By Julia Tan 06-May-24 12:02 SINGAPORE
(ICIS)–Discussions for June arrivals will kick
off as China returns from the Labour Day
holidays, even with the potential headwinds of
poor downstream demand and ample supply from
Southeast Asia.
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