Asia top stories – weekly summary
ICIS Editorial
19-Aug-2024
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 16 August 2024.
China July industrial output growth slows; H2
outlook dims
By Nurluqman Suratman 15-Aug-24 16:49 SINGAPORE
(ICIS)–China’s industrial output growth in
July slowed to a four-month low of 5.1%,
aggravating concerns about continued
manufacturing slowdown, with a growing set of
data suggesting the world’s second-largest
economy is struggling to gain momentum.
Asia PBT market faces logistical challenges
amid Q3 lull
By Corey Chew 15-Aug-24 10:29 SINGAPORE
(ICIS)–The Asia polybutylene terephthalate
(PBT) market saw the Indian region being
affected by logistical challenges to a larger
extent compared to northeast Asia.
Major S Korea producers withdraw ADD probe
petition against China SM
By Luffy Wu 14-Aug-24 18:45 SINGAPORE
(ICIS)–South Korean producers Hanwha Total
Energies and Yeochon NCC are withdrawing their
request for an antidumping probe on styrene
monomer (SM) imports from China, based on a
petition they filed with the Korea Trade
Commission on 12 August.
Singapore’s 2024 key exports growth forecast
trimmed on demand concerns
By Nurluqman Suratman 13-Aug-24 15:30 SINGAPORE
(ICIS)–Singapore’s non-oil domestic exports
(NODX) growth forecast for 2024 has been
revised downward to 4-5%, Enterprise Singapore
(EnterpriseSG) said on 13 August.
China July petrochemical index falls as demand
remains sluggish
By Yvonne Shi 12-Aug-24 15:55 SINGAPORE
(ICIS)–The ICIS China petrochemical index
dropped by 3.07% month on month to 1,241.5 in
July, with acetone experiencing the largest
decline due to weak downstream demand.
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