Asia top stories – weekly summary
ICIS Editorial
30-Sep-2024
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 27 September.
Asia
BD market sentiment to be driven by domestic
China fluctuations
By Ai Teng Lim 24-Sep-24 13:05 SINGAPORE
(ICIS)–Asian spot prices for butadiene (BD)
imports made sizeable gains this month,
alongside a bullish domestic yuan-denominated
market in China.
China
petrochemical futures rally on fresh economic
measures
By Fanny Zhang 24-Sep-24 16:42 SINGAPORE
(ICIS)–China’s petrochemical futures markets
surged on Tuesday following announcement of
fresh measures to rev up activity in the
world’s second-biggest economy.
India
to be among global oil demand growth drivers in
2023-2050 – OPEC
By Nurluqman Suratman 25-Sep-24 13:09 SINGAPORE
(ICIS)–India is expected be a major driver of
global long-term oil demand growth through to
2050, alongside the Middle East and Africa,
OPEC said in a report.
Market diversification
key to weather challenges in Asia
recycling
By Arianne Perez 23-Sep-24 12:46 SINGAPORE
(ICIS)–Asian producers of recycled polyolefins
have been struggling to stay afloat since 2023
amid a general slump in trade of fast-moving
consumer goods (FMCGs).
Slow
recovery in Asia petrochemical markets; Q4
sentiment bearish
By Jonathan Yee 25-Sep-24 14:26 SINGAPORE
(ICIS)–Macroeconomic challenges in China have
kept overall sentiment bearish in Asia’s
petrochemical markets, but there was a late
pick-up in demand for some products just days
before a week-long holiday in the country in
October.
Intra-Asia VAM spot
trades may contract amid downstream
woes
By Hwee Hwee Tan 26-Sep-24 10:46 SINGAPORE
(ICIS)–Asia’s import demand for vinyl acetate
monomer (VAM) is being dampened by slower
demand and macroeconomic woes persisting into
the fourth quarter of 2024.
INSIGHT: China 2024 crude
imports, throughput to fall on economic
headwinds
By Patricia Tao 27-Sep-24 14:27 SINGAPORE
(ICIS)–China is expected to record lower crude
oil imports and refinery throughput this year
on weaker-than-expected distillates demand
during the typical peak consumption season amid
economic headwinds and increased market
penetration of alternative fuels.
PODCAST: Asia fatty
alcohol market uptrend may prompt switch to
LAB
By Damini Dabholkar 24-Sep-24 14:24 SINGAPORE
(ICIS)–Prices of Asia’s fatty alcohol midcuts
may be nearing a ceiling as demand from Europe
is expected to wane after October, given the
looming EU Deforestation Regulation (EUDR)
which starts on 30 December.
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