Asia Chemical Industry Outlook for 2014

09 January 2014 06:43 Source:ICIS News

SINGAPORE (ICIS)--The following OUTLOOK '14 stories were published by ICIS news between Thursday 23 December 2013 and Thursday 9 January 2014. Please click on the headlines to read the full versions.
OUTLOOK ’14: Asia ethanolamine market bleak on weak demand, supply
Asia’s ethanolamine prices may be subdued in 2014, owing to weak regional demand, while supply remains healthy given the abundance of ethylene oxide (EO) production in China

OUTLOOK ’14: Asia, Mideast chemical shipping market seen sluggish
Shipping activities for chemicals in Asia and the Middle East are expected to be sluggish for the most of next year, with demand likely to stay subdued amid uncertain economic conditions

OUTLOOK ’14: Asia methanol demand to strengthen on new uses
The estimated growth of 4m-5m/tonne year in Asia’s methanol demand and the increased shipping costs are expected to continue supporting a general increase in prices in 2014

OUTLOOK ’14: Asia’s VAM prices to recover on ease in oversupply
Spot prices of vinyl acetate monomer (VAM) in Asia are poised for a recovery in the first half of 2014, aided by an ease in oversupply conditions amid curtailed global VAM production

OUTLOOK ‘14: Asia’s styrenic resin faces uncertainty in early 2014
The Asian styrenic resin market appears set to be entering an uncertain period in the first half of 2014, because of weak demand and rising feedstock costs in 2013

OUTLOOK ’14: Asia caustic soda to remain largely stable in Q1
Asia’s liquid caustic soda spot prices are expected to remain largely stable in the first quarter of 2014 on the back of snug availability of Asia-origin spot cargoes despite persistently lacklustre downstream demand

OUTLOOK ’14: China’s MTBE demand growth to continue next year 
China’s demand for methyl tertiary butyl ether (MTBE) is forecast to continue to increase in 2014, supported by growing gasoline production and fuel quality upgrades

OUTLOOK ’14: Mideast base oil prices to see uptrend in H1 2014
Spot Group I base oil prices in the Middle East markets are likely to see an uptrend in the first half of 2014, supported by improved demand for spot cargoes

OUTLOOK ’14: Volatile PKO to weigh on Asia fatty alcohols market
The Asian fatty alcohols market is expected to be in cautiously mixed sentiments in the first half of the year because of the volatility in the upstream palm kernel oil (PKO) afterTyphoon Haiyan hit the Philippines in November

OUTLOOK ’14: Asia propylene outlook cautious on new China capacities
Asian propylene players are expecting a volatile year in 2014 because of increased capacities of at least 1.5m tonnes/year coming on stream in the key market of China

OUTLOOK ’14: Asia ethylene may firm on tighter supply, new demand
Asian ethylene prices are likely to draw support from tighter supply  in the first half of 2014 amid a heavy cracker turnaround schedule in Japan and new downstream operations in South Korea and China

OUTLOOK ’14: Asia’s MMA, PMMA players hopeful of demand recovery
Most industry participants are cautiously optimistic that overall demand for methyl methacrylate (MMA) and polymethyl methacrylate (PMMA) in Asia could be boosted in 2014 as the eurozone crisis eases and the US begins its economic recovery

OUTLOOK ’14: Mideast PE, PP may fall on new capacity, Iran hopes
Polypropylene (PP) and polyethylene (PE) prices in the Middle East may fall next year on increased supply on the back of
capacity additions in the region and a possible lifting of international sanctions on Iran

OUTLOOK ’14: Asia acetic acid values to track firmer feedstock
Asia’s acetic acid prices are expected to mirror the bullish outlook in the feedstock methanol market in 2014, although further price gains would depend on acetic acid supply curbs

OUTLOOK ’14: PP market in SE Asia seen mixed on new supply, tax
Southeast Asia’s domestic polypropylene (PP) market is likely to be mixed in the first half of 2014 as a result of new supply coming up and changes to tariff regulations of a country in the region

OUTLOOK ’14: Asia BD price increases to be moderate in Q1
Asia butadiene (BD) prices may bottom out in January and are likely to recover after the Chinese New Year holidays in February as traders and end-users re-stock ahead of the heavy cracker shutdown schedule in the second quarter

OUTLOOK ’14: China’s phenol imports to slump more on new capacity
Phenol imports into China are likely to plummet further in 2014, driven by the country’s rapid capacity expansion and increasing self-sufficiency

OUTLOOK ’14: Tougher year ahead for Asia PTA on huge new capacity
Asia’s purified terephthalic acid (PTA) industry will be facing a tougher year in 2014, with expected lower operating rates and deteriorating margins, because new plants are due to come on stream this year

OUTLOOK ’14: Asian MEG poised for hikes as demand tops supply
Asia’s monoethylene glycol (MEG) prices are poised for further increases in 2014 on the back of limited addition of supply and continued demand growth from downstream polyester fibre and polyethylene terephthalate (PET) sectors

OUTLOOK ’14: Additional Asian PX supply to weigh on spot prices
Asian paraxylene (PX) market is expected to turn slightly long in 2014 on the back of new capacities that are expected to come on stream in the year

OUTLOOK ’14: Asia’s capro growth to mainly depend on downstream
Growth in Asia’s caprolactam (capro) spot market in the new year would mainly depend on downstream nylon markets amid weak downstream performance that had capped gains from upstream markets in the second half of 2013

OUTLOOK ’14: Mideast isocyanates to be less bullish on ample supply
The toluene di-isocyanate (TDI) and polymeric methyl di-p-phenylene isocyanate (PMDI) outlook in the Middle East for the first quarter of 2014 is expected to be less bullish because of ample supply from Asian and European sellers

OUTLOOK ’14: New capacities to weigh on Asia adipic acid market
New capacities of adipic acid (ADA) will likely weigh on the Asia ADA market in 2014 with producers margins further squeezed amid soft demand for the material

OUTLOOK ’14: Asia ACN prices to remain firm in Q1 on tight supply
Asia’s acrylonitrile (ACN) prices are expected to remain firm in the first quarter of 2014 on the back of the heavy turnarounds and high feedstock cost

OUTLOOK ’14: Asia methylene chloride set to sway with feedstock
Asia's methylene chloride prices – on an uptrend last year - are likely to fluctuate alongside feedstock prices amid stable supply and demand fundamentals in the first quarter

OUTLOOK ’14: China polyester bearish on high inventory, weak demand
Spot polyester prices in China’s domestic market look set to continue falling in the months ahead as inventories have piled up amid continued weakness in demand

OUTLOOK '14: Asia MA may retreat on butane price correction
Spot prices of maleic anhydride (MA) briquette may fall in the first quarter after surging in December 2013, in line with the decline in cost of feedstock butane

OUTLOOK '14: Asia benzene to trade at tight range in Q1
Spot benzene prices in Asia may see limited movement in the first quarter amid a clash of bullish and bearish factors in the market

OUTLOOK ’14: Asia ECH seen stable on demand-supply optimisation
Asia epichlorohydrin (ECH) market – which remained bleak in 2013 – is expected to turn to stable as excess supply would be forced out of the system with plant closures and reduced production rates

OUTLOOK ’14: Firm feedstock cost to support South Asia PVC in H1 
Spot polyvinyl chloride (PVC) prices in India and Pakistan are likely to be buoyed by firm feedstock costs in the first half of the year

OUTLOOK ’14: Asia epoxy resins prices may rise in H2 on demand
Asia’s liquid epoxy resins (LER) spot prices are expected to remain largely stable in the first half of 2014 and may trend upwards from the second half onwards on the back of improving downstream demand

OUTLOOK ’14: Asia PVC to find support from C2; gains likely muted 
Asia’s polyvinyl chloride (PVC) spot prices will be supported by rising cost of feedstock ethylene (C2), amid a snugly supplied market and lacklustre demand


By Staff Reporter