Asia top stories – weekly summary
ICIS Editorial
27-Aug-2018
SINGAPORE (ICIS)–Here are some of the top stories from ICIS Asia and the Middle East for the week ended 24 August 2018.
China
Group II base oils firm in absence of FPCC
supply
China’s Group II high viscosity base oils
prices are expected to remain firm amid short
availability of spot cargoes due to a prolonged
shutdown of Formosa Petrochemical Corp’s (FPCC)
plant in Taiwan.
China
shuns US petchems as trade war escalates; eyes
Asian supply
China’s petrochemical importers have been
actively looking for new sources of supply
within Asia to minimize their reliance on US
cargoes amid the escalation of the US-China
trade war.
China
petchems players calm on new tariffs, seek
alternative suppliers
Chinese
petrochemicals players appear calm ahead of the
tariffs to be implemented on several US goods
this week while speeding up the search for
alternative suppliers.
APIC
’18: Asia petchem execs call for strong action
vs plastic waste
Asia’s petrochemical industry executives have
called for a strong collective action against
plastic waste, which ends up polluting oceans.
APIC
’18: SE Asia PE under pressure; US cargoes
inundate Vietnam
Southeast Asia’s polyethylene (PE) import
prices were largely under pressure in the week
amid additional volumes from
displaced US cargoes in the region, which
are likely to lengthen the market further,
particularly in Vietnam.
APIC
’18: SE Asia to soon see new wave of downstream
start-ups
Further expansion into several downstream
chemicals is well underway in southeast Asia,
underpinned by mega projects in Malaysia and
Vietnam.
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