Asia top stories – weekly summary
ICIS Editorial
13-Jan-2025
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 10 January.
China to accelerate hydrogen use in
transportation, industrial sectors after
2035
By Patricia Tao 06-Jan-25 14:32 SINGAPORE
(ICIS)–China is aggressively promoting
hydrogen in transportation and industrial
sectors as part of its transition from fossil
fuels.
Vietnam Q4 GDP expands 7.55%, full-year ’24
growth at 7.09%
By Jonathan Yee 06-Jan-25 16:39 SINGAPORE
(ICIS)–Vietnam’s economy expanded by 7.55%
year on year in the fourth quarter on
recovering global demand even amid heavy
losses from Typhoon Yagi, official
preliminary data showed.
Malaysia’s ADDs on China’s PET exports weigh
on spot discussions
By Judith Wang 08-Jan-25 15:09 SINGAPORE
(ICIS)–Malaysia’s announcement of
provisional antidumping duties (ADDs) on
polyethylene terephthalate (PET) imports from
China and Indonesia has cast a shadow on spot
discussions.
PODCAST: Asia ethylene to be impacted by US
turnarounds, supply from northeast
Asia
By Damini Dabholkar 08-Jan-25 16:17 SINGAPORE
(ICIS)–Asia ethylene editor Josh Quah and
analyst Aliena Huang talk about the Asia
outlook for ethylene arbitrage cargoes for
2025 with markets editor Damini Dabholkar.
INSIGHT: China govt summit emphasises
stabilising growth, sets tone for 2025
petchems demand
By Joey Zhou 08-Jan-25 17:25 SINGAPORE
(ICIS)–The Central Economic Work Conference
(CEWC) held in Beijing from December 11th to
12th provided a general direction for China’s
economic development in 2025.
China’s Shandong Port bars entry of
US-sanctioned vessels
By Fanny Zhang 08-Jan-25 21:04 SINGAPORE
(ICIS)–China’s Shandong Port Group has
stopped US-sanctioned vessels from calling
into ports under its control, according to a
company notice.
India acetic acid supply tightens; prices on
rebound
By Hwee Hwee Tan 09-Jan-25 14:06 SINGAPORE
(ICIS)–India’s spot market for acetic acid
imports staged a surprise recovery from late
December, buoyed by fears of curtailed
supplies from China into January.
China’s PPI deflation persists; more economic
stimulus expected in 2025
By Fanny Zhang 09-Jan-25 16:10 SINGAPORE
(ICIS)–China is expected to announce more
stimulus policies in 2025 to boost lackluster
growth and reverse a prolonged deflation in
wholesale prices, according to analysts.
INSIGHT: China’s polyolefin industry seeks
higher-end products amid structural
overcapacity
By Zhibo Xiao 09-Jan-25 19:11 SINGAPORE
(ICIS)–China’s rapid expansion in PP and PE
production has led to structural overcapacity
in PP and a shrinking supply-demand gap for
PE. Meanwhile, the shifting consumption
landscape has driven a surge in demand for
high-end polyolefin materials, creating a
substantial market gap.
Weak demand, stiff competition prompt Asia
rPET producers to cut prices
By Arianne Perez 10-Jan-25 10:51 SINGAPORE
(ICIS)–Majority of recycled polyethylene
terephthalate (rPET) flakes and pellets
producers cut spot cargo prices as January
opens in attempts to stoke buying interest
from downstream buyers.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
