US and world chemical producers will probably
see extra ache forward because the US Federal Reserve
nonetheless has a “methods to go” in its tightening
cycle to deliver inflation all the way down to its 2% goal.
It’s not pausing or pivoting, and never budging
from its goal. The Fed hiked its benchmark
price by 0.75 proportion factors – its third
consecutive hike of that magnitude – to a variety
of three.75-4.00%.
In Asia amid falling new orders and stock
build-up, area’s export downturn is
broadening with the newest information pointing to
additional weak point in manufacturing facility exercise throughout the
area. The slowdown in manufacturing exercise
has now widened from northeast Asia to additionally
embrace southeast Asia amid waning export
demand. Asia’s manufacturing buying
managers’ index (PMIs) fell in October to an
common of 49.6, down from 50.7 in September,
due largely to a fall in new orders and decrease
manufacturing as export orders weakened additional.
Little surprise that in China, petrochemical
market fell considerably in October. As of
October 31, the ICIS China Petrochemical Value
Index (which tracks 17 commodities) dropped
5.4% from September 30 to shut at 1220.11
factors. The fast fall after a pointy rise after
the Nationwide Day vacation displays sluggish
demand and lack of market confidence. China’s
petrochemical market began the downtrend from
the center of the month until the tip. An
official supply earlier than the twentieth Nationwide
Congress of the Communist Get together of China
disclosed that China’s epidemic prevention and
management will proceed to stick to the
zero-COVID coverage, which hit market confidence
severely.
In the meantime, UK manufacturing sector output
slipped additional into contraction in October,
and hit a 29-month low as new order volumes
shrank on the quickest price since Could 2020,
in keeping with information from S&P International on
Tuesday. The sector buying managers’ index
(PMI) fell additional within the month, dropping to
46.2 from 48.4 in September, though they had been
stronger than preliminary readings for the month of
45.8. A PMI rating under 50.0 signifies
contraction. Gamers within the UK cited softer
demand from China, the struggle in Ukraine and
ongoing obstacles to exporting posed by Brexit.
Enterprise optimism slipped to the bottom degree
for the reason that peak of the COVID-19 pandemic.
Up to date on 04 November 2022
On this subject web page we analyse the
impression of coronavirus and oil value dynamics on
chemical markets and convey collectively the newest
information reported by ICIS.
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LATEST HEADLINES (Final up to date
at 03:00 GMT on 04 November 2022)
INSIGHT: Extra
ache for chemical substances as US Federal Reserve has ‘a
methods to go’ on price hikes
By Joseph Chang 03-Nov-22 06:25 NEW YORK
(ICIS)–US and world chemical producers will
probably see extra ache forward because the US Federal
Reserve nonetheless has a “methods to go” in its
tightening cycle to deliver inflation all the way down to its
2% goal. It’s not pausing or pivoting, and
not budging from its goal. The US fairness
market as measured by the S&P 500 fell 2.5%
on 2 November on disappointment that the Fed
gave no indication it’s going to cease curiosity
elevating charges, aside from acknowledging it has
already tightened financial coverage
considerably. The Fed hiked its benchmark price
by 0.75 proportion factors – its third
consecutive hike of that magnitude – to a variety
of three.75-4.00%. “Our message is obvious – we expect
now we have a methods to go. We have now some floor to
cowl with rates of interest earlier than we get to that
degree… we expect is sufficiently restrictive,”
mentioned Fed chair Jerome Powell on the Federal
Open Market Committee (FOMC) press convention.
INSIGHT: Asia
October PMIs level to broadening export
downturn
By Nurluqman Suratman 02-Nov-22 17:21 SINGAPORE
(ICIS)–Amid falling new orders and stock
build-up, Asia’s export downturn is broadening
with the newest information pointing to additional
weak point in manufacturing facility exercise throughout the area.
The slowdown in manufacturing exercise has now
widened from northeast Asia to additionally embrace
southeast Asia amid waning export demand.
Asia’s manufacturing buying managers’ index
(PMIs) fell in October to a median of 49.6,
down from 50.7 in September, due largely to a
fall in new orders and decrease manufacturing as
export orders weakened additional.
China’s Oct
petchem market falls on oversupply, poor
confidence
By Yvonne Shi 02-Nov-22 12:57 SINGAPORE
(ICIS)–China’s petrochemical market fell
considerably in October. As of October 31, the
ICIS China Petrochemical Value Index (which
tracks 17 commodities) dropped 5.4% from
September 30 to shut at 1220.11 factors. The
fast fall after a pointy rise after the
Nationwide Day vacation displays sluggish demand
and lack of market confidence. China’s
petrochemical market began the downtrend from
the center of the month until the tip. An
official supply earlier than the twentieth Nationwide
Congress of the Communist Get together of China
disclosed that China’s epidemic prevention and
management will proceed to stick to the
zero-COVID coverage, which hit market confidence
severely.
UK manufacturing
sector output contracts additional as new orders
dry up
By Tom Brown 01-Nov-22 20:00 LONDON (ICIS)–UK
manufacturing sector output slipped additional
into contraction in October, and hit a 29-month
low as new order volumes shrank on the quickest
price since Could 2020, in keeping with information from
S&P International on Tuesday. The sector
buying managers’ index (PMI) fell additional
within the month, dropping to 46.2 from 48.4 in
September, though they had been stronger than
preliminary readings for the month of 45.8. A PMI
rating under 50.0 signifies contraction. It was
the third consecutive month of contraction for
the sector, because the financial outlook continued
to deteriorate. New orders and new export
enterprise each declined within the month. Gamers in
the UK cited softer demand from China, the struggle
in Ukraine and ongoing obstacles to exporting
posed by Brexit. Enterprise optimism slipped to
the bottom degree for the reason that peak of the
COVID-19 pandemic.
China posts 3.9% Q3 GDP progress; President Xi
secures third time period
By Pearl Bantillo 24-Oct-22 13:21 SINGAPORE
(ICIS)–China posted an annualised GDP progress
of three.9% within the third quarter, up from 0.4% in
the earlier quarter, however a mix of a
zero-COVID coverage and a property downturn will
proceed to weigh on the world’s second-biggest
economic system.
US economic system continues to sluggish, recession probably
– NABE survey
By Stefan Baumgarten 24-Oct-22 22:00 HOUSTON
(ICIS)–The US economic system continues to sluggish and is
probably already in recession or might quickly be in
recession, in keeping with findings within the newest
enterprise situations survey by the Nationwide
Affiliation for Enterprise Economics (NABE) on
Monday.
INSIGHT: Asia C3 to face headwinds in fourth
quarter
By Julia Tan 25-Oct-22 10:00 SINGAPORE
(ICIS)–The Asian propylene market is dealing with
headwinds because it steps into the fourth quarter
as demand appears to be like prone to stay weak till the
finish of the yr on poor spinoff margins.
China PP lacks post-holiday assist as weak
demand overshadows excessive
prices
By Zhibo Xiao 27-Oct-22 12:34 SINGAPORE
(ICIS)–Home polypropylene (PP) costs in
China rose after which fell after the nation’s
Nationwide Day vacation on 1-7 October as bearish
demand outweighed the transient surge in crude
values.
INSIGHT: A brand new world for Asia olefins as
capability surges, demand stays
unsure
By Amy Yu 28-Oct-22 12:00 SINGAPORE (ICIS)–The
Asia olefins business is witnessing a brand new world
of considerably squeezed margins for all
producers, with incremental capability addtions
set in opposition to the backdrop of weak demand.
CDI Financial Abstract: Recession odds rise as
slowdown takes maintain amid Fed
tightening
By Kevin Swift 27-Oct-22 23:07 CHARLOTTE, North
Carolina (ICIS)–Financial tightening throughout the
world led by the US Federal Reserve, protracted
inflation and geopolitical occasions have raised
the chances of recession in lots of main economies.
Asia petrochemicals keep bearish as China retains
zero-COVID coverage
By Nurluqman Suratman 21-Oct-22 11:40 SINGAPORE
(ICIS)–Bearish sentiment prevails throughout
Asia’s petrochemical markets with no instant
finish in sight on China’s zero-COVID technique,
which has been weighing on general industrial
actions of the world’s second-biggest
economic system.
South and East Asia LAB quiet whereas rising
feedstock prices squeeze
margins
By Clive Ong 20-Oct-22 17:02 SINGAPORE
(ICIS)–The linear alkyl benzene (LAB) market
in East and South Asia stays quiet whereas
suppliers talked of squeezed margins from
rising feedstock prices. The need for greater
values, nevertheless, had been countered by the
persistently weak demand within the area.
India, SE Asia ethanolamines stay below
stress from aggressive
gives
By Clive Ong 20-Oct-22 15:13 SINGAPORE
(ICIS)—The ethanolamines markets in southeast
Asia and India stay below downward stress
from aggressive gives and tepid demand.
Individuals anticipate additional weak point within the
close to time period because the Chinese language market appears to be like set to
stay weak.
INSIGHT: Japan economic system to search out succor in
automotive output restoration
By Pearl Bantillo 20-Oct-22 12:25 SINGAPORE
(ICIS)–Japan could possibly rely on a
restoration in automotive manufacturing, which ought to
present much-needed boosts to associated
industries, together with petrochemicals, to
cushion its financial downturn.
INSIGHT: European house enchancment sector
slumps on financial slowdown, post-COVID
results
By Nicole Simpson 19-Oct-22 21:33 LONDON
(ICIS)–As the specter of recession looms over
Europe and shoppers look to chop again on
pointless spending, demand for house
enchancment and do-it-yourself (DIY) items has
plummeted.
Asia oleochemicals market probably flat in This autumn on
zero-COVID coverage in China
By Helen Yan 19-Oct-22 12:44 SINGAPORE
(ICIS)–Asia’s oleochemicals market is anticipated
to stay flat within the fourth quarter because of the
prevailing sluggish demand from China amid its
zero-COVID coverage, which is anticipated to stay
in place for the remainder of this yr.
INSIGHT: International demand droop eclipses Asia
export advantages from forex
falls
By Pearl Bantillo 18-Oct-22 13:14 SINGAPORE
(ICIS)–Asia’s tumbling currencies is not going to
spell sturdy exports for the area as a
mixture of surging inflation and excessive
rates of interest slows the tempo of world
financial actions.
EPCA ’22: Chemical substances provide chains lengthening,
safety of provide more and more necessary –
Vopak CEO
By Nigel Davis 07-Oct-22 17:40 BERLIN
(ICIS)–Chemical substances provide chains have gotten
essentially longer as shoppers and producers
see markets balancing between imports and native
manufacturing, the CEO at tank storage operator
Vopak mentioned this week.
China September petrochemical markets up;
demand outlook nonetheless bleak
By Yvonne Shi 11-Oct-22 14:16 SINGAPORE
(ICIS)–China’s petrochemical markets had been
largely greater in September on provide tightness
in some merchandise and aided by pre-holiday
restocking, however general demand just isn’t anticipated
to enhance by a lot within the coming months.
IMF trims growing Asia progress outlook on
China weak point
By Nurluqman Suratman 12-Oct-22 12:46 SINGAPORE
(ICIS)–The Worldwide Financial Fund (IMF)
has trimmed its financial progress forecast for
rising and growing Asian economies on
account of China’s slowdown.
Asia BDO market faces lengthening
provide, unsure demand
By Clive
Ong 13-Oct-22 13:07 SINGAPORE (ICIS)–The
nascent restoration in Asian’s 1,4-butanediol
(BDO) market in September now faces the
problem of lengthening provide with demand
staying unsure.
Singapore This autumn GDP progress slows to 4.4%, financial
coverage tightened
By Nurluqman Suratman 14-Oct-22 11:37 SINGAPORE
(ICIS)–Singapore’s central financial institution on Friday
tightened its financial coverage to dampen
persistent value pressures which has slowed its
economic system to a year-on-year progress of 4.4% within the
fourth quarter.
EPCA ’22: Chemical business might sluggish
however should handle by cycle, Equate
CEO
By Nigel Davis 06-Oct-22 17:11 BERLIN
(ICIS)–The chemical business might sluggish over the
subsequent 12 months however it’s a query of managing
by the cycle, Equate’s CEO Naser Aldousari
mentioned on the sidelines of EPCA 2022 on
Wednesday. Aldousari stays optimistic for the
sector and emphasises its resilience.
Asia This autumn
petrochemical demand faces headwinds as world
economic system slows
By Felicia Lavatory 06-Oct-22 14:28 SINGAPORE
(ICIS)–Petrochemical demand in Asia will probably be
largely undermined as a result of regional factories
face continued weak point in export demand within the
fourth quarter.
EPCA
’22: COVID-19 pandemic set gender parity again a
era – Dow exec
By Tom Brown 05-Oct-22 23:21 BERLIN (ICIS)–The
impression of the COVID-19 pandemic set the
progress of gender parity again 30 years, Dow’s
head of inclusion and variety mentioned on
Wednesday, due to the disproportionate
impression it had on ladies’s participation within the
labour market.
EPCA
’22: Europe ADA, nylon 6,6 demand might weaken
additional in October
By Marta Fern 05-Oct-22 16:00 LONDON
(ICIS)–European adipic acid (ADA) and
downstream nylon 6,6 markets face affordability
issues, excessive prices of manufacturing and
competitors with decrease priced imports from
Asia.
EPCA
’22: European auto output will solely get better to
pre-pandemic ranges in
2025 – analyst
By Jonathan Lopez 04-Oct-22 18:21 BERLIN
(ICIS)–Manufacturing from the European
petrochemicals-intensive automotive sector is
unlikely to get better to pre-pandemic ranges
till 2025 on the earliest, a chemical substances analyst
on the Boston Consulting Group (BCG) mentioned on
Tuesday.
Andreas Gocke, world lead for chemical substances at
BCG, mentioned the struggle in Ukraine and supply-chain
points have solely seen an additional deterioration
within the outlook for the automotive sector, which
was already unfavorable in 2021.
EPCA ’22: Weak demand, wider
uncertainty shapes Europe acrylate esters
outlook
By Mathew Jolin-Beech 04-Oct-22
22:00 LONDON (ICIS)–Europe’s acrylate
esters markets are set to be gripped by ongoing
weak demand and wider macroeconomic uncertainty
in This autumn and early 2023.
EPCA ’22: PODCAST: Europe
petrochemicals face ‘winter of
discontent
By Will Beacham 04-Oct-22 15:19 BERLIN
(ICIS)–Europe’s petrochemical sector faces a
‘winter of discontent’, battered by excessive vitality
prices, collapsing downstream demand and
elevated imports from Asia. On this Suppose Tank
podcast, Will Beacham interviews ICIS Perception
editor Nigel Davis, ICIS senior analyst Lorenzo
Meazza, and Paul Hodges, chairman of New Regular
Consulting. The European Petrochemicals
Affiliation (EPCA) annual assembly runs on 4-6
October in Berlin.
EPCA ‘22: Demand issues loom over
Europe PC market in This autumn
By Miguel Rodriguez Fernandez 03-Oct-22 19:14
LONDON (ICIS)–Pessimism reigns within the European
polycarbonate (PC) market shifting into the tip
of 2022 as demand from the important thing buyer sectors
is prone to stay tepid as a consequence of Europe’s dim
macroeconomic outlook.
INSIGHT: Traits converging to create This autumn glut in
US plastics
By Al Greenwood 30-Sep-22 05:21 HOUSTON
(ICIS)–North American polymer markets are
dealing with a rising glut due to weakening
demand, increasing capability and rising
inventories.
Europe financial sentiment dropping as Germany
on brink of recession
By Morgan Condon 29-Sep-22 23:13 LONDON
(ICIS)–European financial sentiment continued
falling in September, for each the EU and the
eurozone, and the German economic system is heading
in the direction of a recession, as sentiment is formed by
sustained excessive vitality costs.
Lockdowns, property disaster to sluggish China 2022
GDP progress to 2.8% – World
Financial institution
By Nurluqman Suratman 29-Sep-22 13:3 SINGAPORE
(ICIS)–China, the world’s second-biggest
economic system, is projected to develop at a a lot slower
tempo of two.8% this yr in contrast with an earlier
forecast of 5.0%, in keeping with the World Financial institution,
amid the nation’s zero-COVID coverage and
ongoing property disaster.
INSIGHT: India PVC market weathers stormy first
half, safeguard investigation
begins
By Damini Dabholkar 29-Sep-22 11:00 SINGAPORE
(ICIS) –India’s polyvinyl chloride (PVC) market
stabilised barely in September, after having
weathered a storm over the earlier 12 months.
China’s PE costs rebound, eyes on demand
sustainability
By Sijia Li 28-Sep-22 12:11 SINGAPORE
(ICIS)–China’s polyethylene (PE) costs have
rebounded following continuous declines within the
previous two months, discovering assist from improved
end-user demand in the course of the September-October
conventional peak season.
INSIGHT: Excessive value threatens Asia petrochemical
output as regional currencies
tumble
By Pearl Bantillo 27-Sep-22 12:26 SINGAPORE
(ICIS)–Asia’s petrochemical manufacturing is at
threat of shrinking additional as imported uncooked
supplies get costlier every day that
Asian currencies tumble to new lows.
INSIGHT: Russia-Ukraine struggle, surging inflation
proceed to dim progress
expectations
By Tom Brown 27-Sep-22 00:17 LONDON (ICIS)–The
outlook for world progress is continuous to
darken because the economic system loses momentum within the
wake of the Russia-Ukraine struggle, with recent
financial projections pointing to a considerable
deterioration in prospects from 2023 even
relative to some months in the past
US HB Fuller sees rebound in Asia, slowdown in
Europe
By Al Greenwood 23-Sep-22 05:43 HOUSON
(ICIS)–HB Fuller started to see a rebound in
Asian demand throughout its fiscal third quarter
as a result of China is reopening from its COVID-19
lockdowns, the US-based adhesives producer mentioned
on Thursday, a development that different chemical
producers have but to see.
INSIGHT: US plastics turns into sixth-largest
business
By Melissa Wheeler 22-Sep-22 23:21 HOUSTON
(ICIS)–The US plastics business has moved two
spots as much as turn into the sixth-largest business
within the nation, in keeping with the Plastics
Business Affiliation (PLASTICS).
Asia MEG market below stress as downstream
cuts operation to ease excessive
inventories
By Judith Wang 22-Sep-22 18:13 SINGAPORE
(ICIS)–Asia’s monoethylene glycol (MEG) market
has been below stress in the course of the week as
downstream polyester sector initiated one other
spherical of operation cuts in a bid to alleviate
stock stress.
INSIGHT: Widespread demand discount makes a
robust quarter more durable
By Nigel Davis 21-Sep-22 23:49 LONDON
(ICIS)–It has been a tricky third quarter for
most upstream producers of chemical substances and others
as weaker demand and rising prices have mixed
to hit earnings and shift steering.
US inland truck capability will increase as demand
stays agency
By Adam Yanelli 21-Sep-22 05:15 HOUSTON
(ICIS)–Spot and contract charges for inland
truck deliveries have fallen from record-highs
as capability has elevated and demand has
remained sturdy, in keeping with panelists on a
webinar hosted by provide chain market
intelligence supplier Freightwaves.
INSIGHT: Asia petrochemical market to rebound
in September
By Amy Yu 15-Sep-22 18:17 SINGAPORE (ICIS)–
Some Asia petrochemical costs rebounded in
early September after the lower in August.
China Aug petrochemical costs fall on
poor consumption; Sept demand picks
up
By Yvonne Shi 13-Sep-22 15:53 SINGAPORE
(ICIS)–China’s petrochemical costs weakened
in August amid poor consumption and declines in
crude values.
INSIGHT: China’s PP market bearish in Jul-Aug,
eyes on demand efficiency
By Zhibo Xiao 12-Sep-22 17:21 SINGAPORE
(ICIS)–China’s polypropylene (PP) costs had been
on a downtrend in July-August, as a consequence of subdued
home and abroad demand. Shifting ahead,
demand is prone to decide up on the standard
peak season in September and October and extra
export alternatives.
Asia BDO firmer as provide constrained on north
China COVID-19 restrictions
By Clive Ong 15-Sep-22 14:51 SINGAPORE
(ICIS)–Asian 1,4-butanediol (BDO) firmed on
the again of the rebound within the Chinese language home
market.
Weakening European shopper demand, lack of
China restoration to hit Dow Q3 gross sales and earnings
– CFO By Joseph Chang 15-Sep-22
05:13
NEW YORK (ICIS)–Deteriorating shopper demand
in Europe, the dearth of any significant restoration
in China due to persevering with COVID lockdowns
and rising rates of interest and inflation driving
down housing exercise within the US together with
logistics constraints are all conspiring to
deliver down Dow’s gross sales and earnings in Q3.
Japan upgrades Q2 GDP progress to three.5% on
stronger shopper spending
By Nurluqman Suratman 08-Sep-22 12:17 SINGAPORE
(ICIS)–Japan’s economic system within the second quarter
grew at an annualized price of three.5%, up from the
preliminary estimate of two.2% as home spending
improved greater than anticipated, official information
confirmed on Thursday.
PODCAST: Sliding fundamentals may reshape
world chemical substances manufacturing
By Morgan Condon 07-Sep-22 02:00 LONDON
(ICIS)–Though summer time within the northern
hemisphere attracts to a detailed, the everyday swing
in seasonal demand has not returned for
September, and the worldwide chemical substances business
faces a difficult shut of 2022.
INSIGHT: Sturdy oil boosts Saudi Arabia coffers
for future progress
By Pearl Bantillo 06-Sep-22 17:55 SINGAPORE
(ICIS)–Saudi Arabia appears to be like set to face amongst
the strongest-growing economies on the earth in
2022, reaping sturdy advantages from elevated
vitality costs – an unwelcome offshoot of the
Russia-Ukraine struggle.
INSIGHT: Prolonged provide, weak demand replicate
extraordinarily troublesome September in
Europe
By Nigel Davis 05-Sep-22 23:41 LONDON
(ICIS)–Market gamers in Europe normally anticipate
to return from summer time breaks with one thing of
a spring of their step. The quietest days of
August give solution to a busier September and sometimes
a comparatively sturdy fourth quarter.
Oil rises $1/bbl on doable OPEC provide cuts;
China lockdowns cap features
By Nurluqman Suratman 05-Sep-22 11:19 SINGAPORE
(ICIS)–Oil costs rose by greater than $1/bbl on
Monday morning as buyers fret over a
doable manufacturing reduce by OPEC and its allies
later within the day to assist the market.
Singapore industries face demand headwinds; Aug
PMI slips to 50
By Nurluqman Suratman 05-Sep-22 13:14 SINGAPORE
(ICIS)–Singapore’s manufacturing sector is
anticipated to face additional demand headwinds
following a marginal drop in its key buying
managers’ index (PMI) in August as new export
orders decelerate.
INSIGHT: International chemical substances should ‘put together for
ache’ as central banks press forward to quash
inflation
By Joseph Chang 01-Sep-22 23:45 NEW YORK
(ICIS)–‘Ache and sacrifice’ – these are the
phrases coming from the pinnacle of the world’s
largest central financial institution – the US Federal Reserve –
and the European Central Financial institution (ECB) on what
looms on the horizon. Stamping out inflation is
job primary, and they’re going to do no matter it
takes, even when it means recession and better
unemployment.
NE Asia August manufacturing facility actions weaken amid
slowing world economic system
By Nurluqman Suratman 01-Sep-22 13:07 SINGAPORE
(ICIS)–Manufacturing unit actions throughout northeast
Asia weakened in August on poor abroad demand
amid slowing world financial progress.
Japan’s au Jibun Financial institution Aug manufacturing PMI
slips to 51.5
By Nurluqman Suratman 01-Sep-22 10:19 SINGAPORE
(ICIS)–au Jibun Financial institution’s closing manufacturing
buying managers’ index (PMI) for Japan fell
to 51.5 in August from 52.1 in July, marking a
softer enchancment within the well being of the sector
that was the joint-weakest since February 2021,
the Japanese financial institution mentioned on Thursday.
INSIGHT: Asia PET resin provide and demand
fundamentals to stay tight in
2022
By Jimmy Zhan 31-Aug-22 18:12 SINGAPORE
(ICIS)–Since mid-2022, there was concern
of financial recession globally out there.
Mixed with severe inflation, the outlook
for consumption stays cautious.
China industries contract in August amid energy
cuts, COVID-19 curbs
By Nurluqman Suratman 31-Aug-22 14:07 SINGAPORE
(ICIS)–China’s manufacturing exercise
continued to contract because the nation grapples
with energy outages attributable to report heatwave
and drought in August, with recent COVID-19
curbs hampering general industrial output and
consumption.
INTERVIEW: LANXESS sharpens give attention to North
America for future funding –
CEO
By Joseph Chang 30-Aug-22 04:11 NEW YORK
(ICIS)–Germany-based LANXESS will focus
predominantly on North America for future
investments whereas sustaining its asset base in
Europe and placing on maintain any main initiatives
in China, its CEO mentioned.
China’s Sinopec H1 internet revenue up 10.5%;
chemical earnings droop 94%
By Fanny Zhang 29-Aug-22 14:07 SINGAPORE
(ICIS)–Chinese language petrochemical large Sinopec
reported a ten.5% year-on-year improve in
first-half 2022 internet revenue on the again of
sturdy crude, whilst its chemical earnings
shrunk 94% as demand collapsed amid COVID-19
curbs.
Energy cuts in elements of China depress
petrochemical demand additional
By Fanny Zhang 24-Aug-22 12:50 SINGAPORE
(ICIS)–Energy shortages in elements of China amid
a chronic heatwave have been disrupting
operations at factories, additional dampening
demand for petrochemicals already hit by
COVID-19 lockdowns.
China PE demand nonetheless down, with energy
rationing over excessive
temperatures
By Joanne Wang 23-Aug-22 19:43 SINGAPORE
(ICIS)–China’s polyethylene (PE) demand
stays curbed this summer time as downstream
operations are curtailed by energy rationing in
east, north and south China amid excessive
temperatures. This has weighed available on the market
additional as demand has not but picked up
considerably since Shanghai reopened on 1 June
after COVID-19 restrictions had been lifted.
Philippine central financial institution hikes key curiosity
charges anew to tame inflation
By Pearl Bantillo 18-Aug-22 18:25 SINGAPORE
(ICIS)–The Bangko Sentral ng Pilipinas (BSP)
introduced on Thursday a 50 foundation level (bps)
hike in its key rates of interest, with additional
financial tightening doable as common
inflation this yr is anticipated to exceed its
2.0-4.0% goal.
INSIGHT: Asia petrochemical margins shrink amid
value droop, poor demand
By Nurluqman Suratman 18-Aug-22 13:48 SINGAPORE
(ICIS)–Asia’s petrochemical margins are being
eroded by sharp value declines, excessive feedstock
prices and tepid downstream demand, with market
sentiment weighed down by financial
uncertainties in China and fears of a worldwide
recession.
China PP demand prone to weaken on energy
rationing amid excessive
temperatures
By Lucy Shuai 18-Aug-22 11:43 SINGAPORE
(ICIS)–China’s polypropylene (PP) demand is
anticipated to weaken within the brief time period as
downstream operations in east, north and
southwest China are curbed by energy rationing
measures amid heatwaves.
Asia petrochemicals bottoming out; issues on
demand restoration, margins
stay
By Joey Zhou 17-Aug-22 16:25 SINGAPORE
(ICIS)–Asian petrochemical market is anticipated
to backside out and begin rebounding in August,
whereas most merchandise nonetheless see decrease common
costs than July.
INSIGHT: Brenntag cuts by H2 headwinds in
earnings steering
By Morgan Condon 17-Aug-22 01:30 LONDON
(ICIS)–Chemical substances distributor Brenntag expects
to hit the higher finish of its targets for 2022,
regardless of the chance that the manifold
challenges dealing with the logistics sector will
endure throughout the remainder of the yr.
Malaysia’s Q2 GDP expands 8.9%, progress to
average on world
uncertainties
By Nurluqman Suratman 12-Aug-22 15:20
SINGAPORE (ICIS)–Malaysia’s economic system grew by
8.9% yr on yr within the second quarter of this
yr on enhancing home demand, however
heightened world uncertainties are anticipated to
weigh on its progress outlook, the central financial institution
mentioned on Friday.
Excessive manufacturing prices erode Asian R-HDPE
margins
By Arianne Perez 12-Aug-22 13:48 SINGAPORE
(ICIS)–As manufacturing prices of recycled
high-density polyethylene (R-HDPE) blow
moulding pellets stay excessive in Asia whereas
demand stays lacklustre, sellers’ margins will
proceed to slender within the weeks forward.
PODCAST: Asian olefins producers challenged to
protect margins in H2 – ICIS
analysts
By Morgan Condon 12-Aug-22 05:00 LONDON
(ICIS)–Asian olefins capability is about to
improve within the coming months, however in opposition to the
prospect of a worldwide recession and difficult
demand it’s unclear how this may develop for
producers.
Commerce information present US base oil export availability
has not returned to pre-pandemic
ranges
By Amanda Hay 12-Aug-22 03:04 HOUSTON
(ICIS)–ICIS commerce information reveal that the US has
not but returned to pre-pandemic export ranges
of base oils as provide constraints, shifting
commerce flows and excessive costs have curbed export
exercise.
OPEC revises crude demand forecast down on
slowing world economic system
By Jonathan Lopez 11-Aug-22 22:40 MADRID
(ICIS)–Whereas crude oil demand continued its
“sturdy restoration” to pre-pandemic ranges,
financial progress confirmed indicators of a slowdown in
July and, with it, crude demand additionally took a
hit, producing cartel OPEC mentioned on Thursday.
UK to face elevated competitors for LNG in
fourth quarter
By Hector Falconer 11-Aug-22 19:20 LONDON
(ICIS)–Britain is prone to face elevated
competitors for LNG provide within the fourth
quarter of 2022 amid uncertainty over Russian
piped provide to mainland Europe, supporting NBP
winter contracts particularly within the case of chilly
climate.
Oil costs uncovered to opposing fundamentals,
excessive volatility
By Cecilia Barreiro 11-Aug-22 18:58 LONDON
(ICIS)–The August outlook for oil costs is
topic to elevated uncertainty ensuing from
a variety of bullish and bearish components.
Russia’s invasion of Ukraine will proceed to
be a central driving pressure and maintain oil markets
risky whereas rising world inflation is
anticipated to maintain a lid on demand.
Singapore trims 2022 GDP progress forecast to
3-4% on world headwinds
By Nurluqman Suratman 11-Aug-22 11:43
SINGAPORE (ICIS)–Singapore on Thursday trimmed
its 2022 GDP progress forecast to 3-4%, from the
earlier estimate of 3-5%, because of the
deteriorating world financial surroundings.
SE Asia palm biodiesel to see report export
volumes, wholesome demand
By Keven Zhang 11-Aug-22 11:15 SINGAPORE
(ICIS)–Southeast Asia’s palm methyl ester
(PME) export volumes are prone to climb to
report highs in July and August, as a number of
bullish components increase shopping for curiosity.
Thai PTTGC Q2 internet revenue falls sharply amid
decrease chem margins
By Nurluqman Suratman 10-Aug-22 15:30
SINGAPORE (ICIS)–PTT International Chemical’s (PTTGC)
internet revenue fell by 83.9% yr on yr within the
second quarter, weighed partly by decrease margins
throughout all of its chemical substances companies, the
Thailand-based producer mentioned on Wednesday.
Saudi SABIC Q2 internet revenue up 3.8%; H2 margins
to remain below stress
By Nurluqman Suratman 10-Aug-22 12:42
SINGAPORE (ICIS)–Saudi petrochemicals main
SABIC posted a 3.8% year-on-year improve in
second-quarter internet revenue, whereas it expects
margins to stay below stress within the second
half of 2022.
INSIGHT: Indonesia economic system surprises in Q2;
prospects dim in H2
By Pearl Bantillo 10-Aug-22 21:03
SINGAPORE (ICIS)–Indonesia’s progress momentum
is anticipated to weaken for the remainder of the yr
and into 2023, as excessive inflation hits general
home consumption. Exterior demand is being
threatened by a doable world recession.
China
July petrochemical markets droop; outlook stays
bearish
By Yvonne Shi 09-Aug-22 08:00 SINGAPORE
(ICIS)–China’s petrochemical markets fell
throughout the board in July on weak demand, which
persists into August whereas provide is projected
to develop for the remainder of the yr.
INSIGHT: Enterprise, chemical substances indicators
level to world downturn
By Will Beacham 04-Aug-22 19:09 BARCELONA
(ICIS)–New financial information mixed with
deteriorating chemical business efficiency,
means that the second half of the yr may
be bleak. Newest figures for July from Oxford
Economics’ International Enterprise Sentiment Index present
declining confidence about progress, and fears
about draw back dangers whereas a current revenue
warning from Covestro and slumping chemical
costs counsel demand could also be waning alongside
provide chains.
OUTLOOK: China’s PE market to really feel
stress from imports, slowing demand
progress
By Joanne Wang 02-Aug-22 14:24 SINGAPORE
(ICIS)–China’s polyethylene (PE) market might
really feel stronger stress from growing imports
within the second half of 2022 amid weak abroad
demand, whereas home producers might kick off
one other spherical of output discount on squeezed
margins and subdued demand. China’s home PE
costs had been largely on a downtrend within the first
half of the yr. Costs elevated across the
world within the first quarter because the
Russia-Ukraine battle pushed up crude costs
sharply.
Asia July industries – a combined bag as
battle with inflation
continues
By Nurluqman Suratman 02-Aug-22 13:59 SINGAPORE
(ICIS)–Asia’s manufacturing sector in July
offered a combined efficiency, with main
economies within the northeast exhibiting a marked
slowdown in exercise, because the area continues
to cope with excessive enter prices and weak
demand. For China, each the official and
non-official manufacturing buying managers’
indices (PMI) for July indicated continued
weak point on the earth’s second-biggest economic system
Provide issues continued to disrupt
German producers in July –
Ifo
By Morgan Condon 01-Aug-22 17:27 LONDON
(ICIS)–Bottlenecks continued to disrupt German
manufacturing in July, with nearly all of the
chemical substances business hit by materials shortages,
in keeping with the newest information from the Ifo
Institute. Provide issues impacted 73.3% of
German manufacturing firms surveyed by Ifo
in July, down from 74.1% in June. Chemical substances
had been much less impacted than different downstream
sectors.
OUTLOOK: China’s oxo-alcohols weighed by sluggish
demand restoration, growing
provide
By Claire Gao 29-Jul-22 16:07 SINGAPORE
(ICIS)–China’s oxo-alcohols markets will face
downward stress from sluggish restoration of demand
and growing provide, though the outlook of
export is promising.
OUTLOOK: US EDC prone to re-enter world
markets in 2H as macroeconomic headwinds change
flows
By Invoice Bowen 29-Jul-22 05:56 HOUSTON
(ICIS)–US ethylene dichloride (EDC) is probably going
to see weakened demand and higher availability
within the second half of 2022 as demand for its
downstream spinoff polymer weakens on much less
building exercise amid macroeconomic
headwinds.
INSIGHT: Europe business dealing with troublesome
August as gasoline provide issues
mount
By Nigel Davis 29-Jul-22 00:14 LONDON
(ICIS)–It’s nearly like stepping again in
time, with industrial sectors in Europe vying
for the eye of governments and lawmakers
to attempt to safe operations ought to the area’s
gasoline disaster escalate.
S Korea’s S-Oil Q2 internet earnings greater than
doubles; Q3 PX unfold to
weaken
By Nurluqman Suratman 28-Jul-22 13:38 SINGAPORE
(ICIS)–S-Oil’s second-quarter internet earnings extra
than doubled yr on yr on sturdy refining
margins and strong aromatics demand, however the
South Korean producer’s paraxylene (PX) unfold
is anticipated to weaken in July-September 2022.
SE Asia August PE gives secure to comfortable however
Vietnam market below intense
stress
By Izham Ahmad 28-Jul-22 11:22 SINGAPORE
(ICIS)–Preliminary spot import gives for August
shipments of polyethylene (PE) in southeast
Asia had been introduced both secure or softer
this week as shopping for sentiment continued to be
depressed by the droop in demand from China.
VIDEO: China’s
new EVA capacities to weigh on Q3
sentiment
By Joanne Wang 22-Jul-22 12:29 SINGAPORE
(ICIS)–Watch ICIS senior business analyst
Joanne Wang focus on the ethylene vinyl acetate
(EVA) capability will increase in China and the
not too long ago launched EVA China RMB index.
Chinese language
ethanolamines droop weighs on sentiment in Asia
and India
By Clive Ong 22-Jul-22 10:45 SINGAPORE
(ICIS)–The continued droop within the ethanolamines
market in home China continues to weigh on
sentiment of gamers in Asia and India.
OUTLOOK: European
MMA demand unsure amid wider financial
challenges
By Mathew Jolin-Beech 21-Jul-22 23:24 LONDON
(ICIS)–The European methyl methacrylate (MMA)
market is dealing with unsure H2 demand amid wider
geopolitical and financial challenges.
Asia BDO stays
weighed down by ongoing Chinese language market
droop
By Clive Ong 21-Jul-22 16:53 SINGAPORE
(ICIS)–Asian butanediol (BDO) market continues
to be impacted by the continuing droop within the
Chinese language home sector. Sentiment has turned
more and more bearish with individuals
anticipating additional weak point within the close to time period.
OUTLOOK: US MEG
market anticipated to get longer by
Q3
By Melissa Wheeler 21-Jul-22 05:10 HOUSTON
(ICIS)–The monoethylene glycol (MEG) market is
anticipated to stay lengthy by Q3 as suppliers
proceed to supply extra product.
PODCAST: China’s
base oils demand to be higher in autumn,
imports to say no YOY in H2
By Whitney Shi 20-Jul-22 15:11 SINGAPORE
(ICIS)–ICIS analyst Jady Ma and Whitney Shi
focus on the outlook of China’s base oil market
on this episode.
Extended
heatwave may hinder operations at Europe
petrochemicals crops
By Jonathan Lopez 19-Jul-22 18:09 MADRID
(ICIS)–Excessive temperatures throughout Europe may
scale back working charges at some petrochemicals
crops, as cooling operations turn into extra
troublesome, commerce teams have warned.
OUTLOOK: Center
East base oils market to face stable-to-soft
demand in H2
By Izham Ahmad 19-Jul-22 10:46 SINGAPORE
(ICIS)–The Center East base oils spot market
is anticipated to nonetheless face uncertainties within the
closing half of 2022 as provide of most grades is
anticipated to be combined, with demand anticipated to
stay secure to comfortable as a consequence of sluggish financial
progress and world automotive gross sales.
World
petrochemical sentiment weak as demand
falters
By Felicia Lavatory 15-Jul-22 14:12 SINGAPORE
(ICIS)-International petrochemical markets are mired
in a difficult state of affairs writ giant, with
demand uninteresting as recession dangers collect tempo.
VIDEO: Asia
adipic acid demand struggles to succeed in
pre-lockdown ranges
By Josh Quah 15-Jul-22 14:01 SINGAPORE
(ICIS)–Watch ICIS editor Josh Quah focus on
developments in Asia’s adipic acid market.
PODCAST: Chems sector resilient in Q2 however
situations forecast bleak for
H2
By Tom Brown 14-Jul-22 18:44 LONDON
(ICIS)–Projected second-quarter monetary information
for BASF hints that situations for chemical substances
gamers might have been stronger than anticipated in
the second quarter of 2022, however rising COVID-19
an infection numbers in China solely add to the slew
of bearish information for the second half of the
yr.
PODCAST:
China’s LDPE dealing with continued provide
stress
By Joanne Wang 14-Jul-22 10:28 SINGAPORE
(ICIS)–On this episode, ICIS analyst Jady Ma
and Joanne Wang focus on the current developments
and outlook of China’s low density polyethylene
(LDPE) market.
Europe PET excessive
costs detrimental to gross sales in bearish
local weather
By Caroline Murray 13-Jul-22 23:15 LONDON
(ICIS)–The height season for polyethylene
terephthalate (PET) bottlers in Europe is the
summer time however the mixture of terribly
excessive costs and the unstable economic system is
affecting gross sales.
China PP hits lowest ranges this yr
on slumping crude, weak
demand
By Lucy Shuai 13-Jul-22 16:43 SINGAPORE
(ICIS)–China’s polypropylene (PP) costs fell
to their lowest ranges this yr from slumping
crude oil and weak downstream demand, on
issues of a worldwide financial recession.
Crude falls
practically $2/bbl on recent China COVID-19
curbs
By Nurluqman Suratman 12-Jul-22 11:08 SINGAPORE
(ICIS)–Oil costs fell by practically $2/bbl on
Tuesday morning on worries over recent COVID-19
restrictions in China, the world’s largest
crude importer.
INSIGHT: Demand
uncertainty pressuring costs as downturn
gathers momentum
By Nigel Davis 11-Jul-22 23:43 LONDON
(ICIS)–Motion within the ICIS weekly and month-to-month
petrochemical indexes illustrate the pressure
being placed on producers to carry costs within the
face of accelerating demand uncertainty and the
risky feedstock and vitality value surroundings.
European melamine
spot costs stable-to-soft; Q3 contract talks
ongoing as provider and shopper pricing concepts
conflict
By Melissa Hurley 08-Jul-22 00:44 LONDON
(ICIS)–European melamine third quarter
contract discussions continued this week. Extra
progress is anticipated in the direction of the tip of the
week, heading in to subsequent week. Talks between
suppliers and shoppers are divisive as pricing
expectations stay unmatched.
PODCAST:
Europe’s oxo-alcohols chain faces demand
erosion amid financial
uncertainty
By Mathew Jolin-Beech 07-Jul-22 22:03 LONDON
(ICIS)–The European oxo-alcohols chain faces a
slowdown in demand from finish use sectors because the
wider geopolitical and financial uncertainties
start to chunk. This ICIS podcast explores the
newest developments for oxo-alcohols and its
spinoff markets.
PODCAST: International scarcity of MEK eases,
although US costs stay excessive
By Nick Cleeve 07-Jul-22 17:58 LONDON
(ICIS)–Methyl ethyl ketone (MEK) costs are
softening globally as provide constraints ease,
though costs within the US, a internet importer,
stay at extraordinarily excessive ranges, drawing
exports from Asia and Europe.
Asia petchems
mired in bearishness on elevated recession
fears
By Felicia Lavatory 07-Jul-22 11:21 SINGAPORE
(ICIS)–Asian petrochemical markets are in a
jam, with value bearishness throughout the board as
recession dangers proceed to mount.
OUTLOOK: Tight
provide issues flip to diminished oil demand by
This autumn
By Barney Grey 07-Jul-22 00:49LONDON
(ICIS)–Oil costs had been in a post-Covid
restoration section previous to Russia’s invasion of
Ukraine in February. Since then, H1 crude
costs have been pushed by the fallout from the
struggle, reaching report highs. However the oil market
will probably be characterised by main volatility and
rising uncertainty as we head into H2.
PODCAST: UK
chemical substances combating 4 Horsemen of the
Apocalypse – CIA CEO
By Will Beacham 05-Jul-22 22:48 LONDON
(ICIS)–The UK chemical substances business is battling
the quadruple challenges of Brexit, COVID-19,
the price of residing disaster and the struggle in
Ukraine, in keeping with Stephen Elliott, CEO of
UK commerce group the Chemical Industries
Affiliation.
OUTLOOK: Demand
for low-end R-PET to proceed to
shrink
By Arianne Perez 04-Jul-22 15:03 SINGAPORE
(ICIS)–Low-end purposes of recycled
polyethylene terephthalate (R-PET) will turn into
much less widespread because the extra aggressive virgin PET
continues to eat into its market share.
China’s propylene
faces headwinds from ample provide, weak demand
in June
By Yi Liang 04-Jul-22 10:21 SINGAPORE
(ICIS)–China’s home propylene market
continues to face headwinds from ample provide
and sluggish end-user demand in June, with
market sentiment turning bearish.
Mideast petchem
market sentiment bearish on weak
demand
By Felicia Lavatory 01-Jul-22 11:30 SINGAPORE
(ICIS)–Sentiment within the Center East
petrochemical markets is bearish, as demand is
tepid in opposition to a backdrop of ample provide. The
hovering inflation charges have led to a diminished
buying energy, weakening consumers’ appetites.
Asia AA and
acrylates largely decrease; sentiment softer on
China downtrend
By Li Li Chng 29-Jun-22 21:20 SINGAPORE (ICIS)—
Asia’s acrylic acid (AA) and acrylate esters
spot discussions had been below stress, with
market sentiment bearish amid a downtrend in
China.
PODCAST: China PP
to face uncertainties in H2 ’22 amid excessive
prices
By Lucy Shuai 29-Jun-22 17:47 SINGAPORE
(ICIS)–ICIS analysts Jady Ma and Lucy Shuai
focus on the current developments and outlook of
China’s polypropylene (PP) market.
PODCAST: Europe
and Center East isocyanates demand
slows
By ICIS Editorial 29-Jun-22 17:09 LONDON
(ICIS)–Isocyanates Europe editor Zubair Adam
discusses present demand and provide market
developments for Europe with isocyanates Center East
editor Damini Dabholkar.
US ethylene
begins Q3 with ample provide, eroding
margins
By John Donnelly 29-Jun-22 05:45 HOUSTON
(ICIS)–The US ethylene market is seeing ample
provide, decrease margins however first rate spinoff
demand heading into Q3.
INSIGHT: Vitality
demand rebound at a time of disaster, bp stats
present
By Nigel Davis 28-Jun-22 23:39 LONDON
(ICIS)–Right here is the vitality disaster writ giant.
The chart, from bp because it launched its newest
Statistical Assessment of World Vitality on Tuesday,
reveals the sharp rebound in vitality consumption
as COVID-19 restrictions eased and world
financial exercise recovered.
PODCAST:
Isocyanates face excessive prices, squeezed margins
in H2 – ICIS analysts
By Morgan Condon 28-Jun-22 21:02 LONDON
(ICIS)–The isocyanates market is confronted with
steep manufacturing prices and weakening demand
throughout downstream sectors, presenting the
business with a darkening outlook.
European PVC
reveals indicators of lengthening on demand, world
developments
By Chris Barker 28-Jun-22 17:29 LONDON
(ICIS)–European polyvinyl chloride (PVC)
contract costs for June have settled with
rollovers to decreases in comparison with Could, with
indications that the outlook for availability
has lengthened in comparison with earlier within the yr.
Asia ADA commerce
flows punch above weight in
Could
By Josh Quah 24-Jun-22 13:57 SINGAPORE
(ICIS)–Northeast Asia adipic acid (ADA)
markets logged a big commerce surplus in Could,
in keeping with import-export information captured by
ICIS Provide and Demand Database.
Europe capro,
nylon 6 markets face sluggish summer time
demand
By Marta Fern 24-Jun-22 00:35 LONDON
(ICIS)–European caprolactam (capro) and nylon
6 markets are dealing with persistent comfortable demand,
which may weaken additional within the coming months
whereas the prices of manufacturing are on the rise.
VIDEO: Asia MEG
might face extra challenges in H2
2022
By Judith Wang 23-Jun-22 17:16 SINGAPORE
(ICIS)–Watch ICIS Senior Editor Judith Wang
focus on present developments in Asia’s
monoethylene glycol (MEG) market and its
outlook.
China’s NBR
import gives plummet with home losses,
comfortable demand
By Ai Teng Lim 23-Jun-22 15:56 SINGAPORE
(ICIS)–China’s import gives for acrylonitrile
butadiene rubber (NBR) are at year-low ranges,
as sellers tried to chase offers with wider
reductions.
Tight tonnage and
strong demand push Asian chemical tanker
market, sentiment bullish
By Luffy Wu 23-Jun-22 14:37 SINGAPORE
(ICIS)–The Asian chemical tanker transport
market noticed general upward stress amid excessive
world bunker ranges and regional tonnage
tightness, drained by strong long-haul
actions and clear petroleum product (CPP)
markets.
PODCAST: How might
China reply to looming world vitality
disaster?
By Bee Lin Chow 23-Jun-22 13:32 SINGAPORE
(ICIS)–ICIS analysts focus on how China might
reply to what looks like a looming world
vitality disaster.
US SBR demand
wholesome from tyre sector, however tyre imports
rising
By Amanda Hay 23-Jun-22 05:34 HOUSTON
(ICIS)–US styrene butadiene rubber (SBR)
demand wholesome for tyres, however North American
tyre producers face rising tyre imports.
INSIGHT: Don’t
stifle chemical substances now within the face of vitality
uncertainty and local weather reform – UK
business
By Nigel Davis 22-Jun-22 22:20 LONDON
(ICIS)-The UK chemical business is now 6%
bigger than on the onset of the pandemic, chief
government of the nation’s sector commerce group,
the Chemical Industries Affiliation (CIA), mentioned
final week.
PODCAST: China benzene
costs hit 8-year excessive; value and provide assist
to persist
By Yoyo Liu 17-Jun-22 10:37 SINGAPORE
(ICIS)–ICIS analyst Jady Ma and Yoyo Liu
focus on the current developments and outlook of
China’s benzene market.
Asian BD shopping for
slows as home China
tumbles
By Ai Teng Lim 17-Jun-22 09:48 SINGAPORE
(ICIS)–Sentiment was duller on this week’s
spot talks for Asian butadiene (BD) imports, as
consumers retreated after the home China
market suffered heavy losses early-week.
PODCAST: Europe
PET hypothesis rife in face of diverging
upstream dynamics
By Caroline Murray 17-Jun-22 00:07 LONDON
(ICIS)–Combined xylene costs are skyrocketing
greater than PX costs and issues over
unfavorable margins mount. PX June contract talks
are ongoing. Against this, MEG provide stays
prolonged and demand has been low, pressuring
down spot costs. The June MEG contract value
additionally stays unconfirmed.
INSIGHT: PET,
politicians and TikTok – the business’s battle
for our consideration
By Matt Tudball 16-Jun-22 22:17 BRUSSELS
(ICIS)–The battle for our consideration is a
fierce one. Within the post-COVID-19 world, as
staff we really feel a way of electronic mail overload and
Zoom fatigue whereas as a shopper we face a
fixed bombardment of media telling us what
we needs to be doing, pondering, consuming, ingesting
and watching.
Asian
petrochemicals to rebound in June amid bumpy
restoration – ICIS analysts
By Ann Solar 16-Jun-22 12:12 SINGAPORE
(ICIS)–Asian petrochemical market is anticipated
to be typically firmer in June given greater
crude costs and easing lockdowns in China,
in keeping with a modern Value Forecast by ICIS
analysts.
PODCAST: International
base oils provide and refinery margins to remain
below stress in H2
By Eashani Chavda 15-Jun-22 22:35 LONDON
(ICIS)–ICIS editors Eashani Chavda, Samantha
Wright and Amanda Hay are joined by ICIS
analyst Mike Connolly to debate the newest
developments in Europe and US base oils
markets. Key subjects embrace: provide shortages,
shifting commerce flows, refinery margins and
additive shortages.
PODCAST: Chemical
distributors see inflation hurting demand,
downturn in prospect
By Will Beacham 14-Jun-22 22:03 BARCELONA
(ICIS)–Rising inflation is now hurting demand
for chemical substances, elevating the prospect of a broad
financial downturn later this yr or in 2023,
in keeping with chemical distributors.
China PE finds
assist from stimulus insurance policies; eyes on demand
efficiency
By Sijia Li 14-Jun-22 14:57 SINGAPORE
(ICIS)–China’s home polyethylene (PE)
market coming into June has discovered assist from
stimulus insurance policies and prices. Wanting forward,
gamers are specializing in demand restoration, with
the easing of lockdowns in a number of areas
amid lowering COVID-19 infections.
India home
LAB costs rise; China demand improves as
lockdowns ease
By Clive Ong 10-Jun-22 11:53 SINGAPORE
(ICIS)–India’s home costs for linear
alkylbenzene (LAB) have spiked on the again of
rising prices, however some gamers anticipate some
headwinds with the monsoon season kicking off.
- Monsoon season to hamper India demand
- China demand sees uptick as COVID-19
restrictions ease - China’s competitively priced cargoes nonetheless
accessible in Asia (together with India), Mideast
Oil costs drop
greater than $1/bbl on partial lockdowns in
China
By Nurluqman Suratman 10-Jun-22 11:34 SINGAPORE
(ICIS)–Oil costs fell greater than $1/bbl on
Friday on renewed demand fears after recent
COVID-19 lockdown measures had been introduced in
China, however tight provide issues capped losses.
INSIGHT:
Sustainability to stay the important thing driver for
Asia recycled polymers
By Arianne Perez 10-Jun-22 11:00 SINGAPORE
(ICIS)–Capability expansions of recycled
polyethylene terephthalate (R-PET) and recycled
polyethylene (R-PE) confronted delays amid the
onslaught of COVID-19, notably final yr,
however general progress of Asia polymers recycling
is about to proceed with sustainability because the
foremost driver.
PODCAST: European
ACN market retains a detailed eye on ammonia and
propylene
By ICIS Editorial 09-Jun-22 18:35 LONDON
(ICIS)–The European acrylonitrile (ACN) market
has good provide and a few softening demand, however
prices stay excessive. On this newest podcast, ICIS
deputy managing editor Jane Massingham (Europe)
talks to managing editor fertilizers, Julia
Meehan and senior editor on olefins, Nel Weddle
concerning the ammonia and propylene markets and
what to anticipate within the months forward.
PODCAST: Asia
benzene, styrene short-term outlook to hinge on
demand-supply steadiness
By Jasmine Khoo 09-Jun-22 11:35 SINGAPORE
(ICIS)–Asia’s benzene costs have hit an
all-time excessive on sturdy efficiency from the US
amid the turnaround season, whereas styrene value
features have been lagging behind as a consequence of weak
efficiency within the styrenics sector. On this
podcast, Jasmine Khoo speaks with editors
Angeline Soh and Trixie Yap on benzene and its
key downstream styrene monomer (SM) and
styrenics sectors.
China PP exports
might fall on slender value hole with SE
Asia
By Lucy Shuai 08-Jun-22 17:09 SINGAPORE
(ICIS)–With the lifting of COVID-19 lockdowns
in China, in addition to stimulus insurance policies to spice up
the economic system, China’s polypropylene (PP) costs
have rebounded since late Could. Nonetheless, as PP
costs have fallen within the southeast Asian
market, China’s PP exports might fall in June due
to a slender value hole.
VIDEO: China PP
demand set to enhance in June as restrictions
ease
By Lucy Shuai 08-Jun-22 16:21 SINGAPORE
(ICIS)–Watch business analyst Lucy Shuai share
her insights on the rebound seen in China’s
polypropylene (PP) market following the easing
of strict COVID-19 curbs within the nation.
