LATEST HEADLINES
NE Asia C2 sellers search increased costs
for spot Dec cargoes; patrons
hesitant
By Yeow Pei Lin 04-Nov-22 13:47 SINGAPORE
(ICIS)–Spot ethylene (C2) patrons in China and
Taiwan headed for the sidelines resulting from increased
promoting worth indications for December-arrival
cargoes and falling downstream margins.
China BD import discussions stall on home
market losses; outlook combined
By Ai Teng Lim 04-Nov-22 11:47 SINGAPORE
(ICIS)–Discussions in China for butadiene (BD)
imports stalled after home costs within the
nation plummeted early within the week.
UK
energy divergence to NBP dynamics prone to
subside
By Jack Grant 04-Nov-22 01:46 LONDON
(ICIS)–Worth indicators and basic
indicators counsel that the earlier divergence
between UK energy and equal NBP contracts
has seemingly subsided regardless of provide dangers within the
first quarter of 2023.
INSIGHT: Better
dedication wanted to maneuver local weather dial
additional
By Nigel Davis 04-Nov-22 01:33 LONDON
(ICIS)–The world is nearing ‘peak oil’ and,
certainly, the height of demand for all fossil fuels
because the drive to abate rampant local weather change
continues.
PODCAST: Weak MEK demand
throughout Europe and Asia, earlier brief provide
helps US demand
By Nick Cleeve 04-Nov-22 00:59 LONDON
(ICIS)–Demand for MEK is weak in Europe amid
softer pure gasoline and power pricing, whereas
China’s ongoing zero-Covid coverage is limiting
exercise in Asia.
Profitability and costs
slide additional, provide issues
mount
By Jack Grant 03-Nov-22 00:23 LONDON
(ICIS)–Rolling front-month revenue margins for
German coal-fired energy crops plummeted going
into week 44, reaching the bottom stage since 9
June, earlier than resurging into the opening of
November.
Okay
FAIR ’22 PODCAST: “Much less gloomy” than anticipated
however pessimism clear for Europe’s PE, PP, EVA,
PET markets
By Vicky Ellis 03-Nov-22 20:52 LONDON
(ICIS)–After two lengthy years within the shadow of
COVID-19, many could have felt issues are again
to regular as they returned to conferences in
individual in October at Okay, the plastics and rubber
commerce truthful that crammed the halls of
Dusseldorf’s Messe.
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 most recent information pointing to additional
weak point in manufacturing facility exercise throughout the area.
Asia glycerine suppliers goal China
amid oversupply, Europe demand
hunch
By Helen Yan 03-Nov-22 13:07 SINGAPORE
(ICIS)–Asia’s glycerine suppliers are
concentrating on the Chinese language market amid an oversupply
from elevated biodiesel output and slumping
demand in Europe.
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
seemingly see extra ache forward because the US Federal
Reserve nonetheless has a “methods to go” in its
tightening cycle to deliver inflation right down to its
2% goal. It’s not pausing or pivoting, and
not budging from its goal.
Asian recyclers search steadiness between feedstock
safety, storage
constraints
By Arianne Perez 02-Nov-22 17:21 SINGAPORE
(ICIS)–Asian producers of recycled
polyethylene terephthalate (R-PET) and recycled
polyethylene (R-PE) require a fragile steadiness
between steady purchases of feedstock whereas
avoiding full storage capacities at crops.
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 Worth Index (which
tracks 17 commodities) dropped 5.4% from
September 30 to shut at 1220.11 factors.
POWER
MONTHLY INDICES: Winter provide threat subsides
amid bearish climate indicators
By Jack Grant 01-Nov-22 23:56 LONDON
(ICIS)—Fading provide threat throughout European
wholesale electrical energy markets, underpinned by
bearish climate forecasts, resulted within the
majority of November ’22 indices outturning
beneath their October ’22 counterparts.
INSIGHT: New prospects for China’s
petrochemical trade following twentieth Get together
Congress
By Joey Zhou 01-Nov-22 19:26 SINGAPORE
(ICIS)–China goals to shift its financial system from
“high-speed” progress” in direction of “top quality”
progress, president Xi Jinping stated in a report
on the opening session of the twentieth Nationwide
Congress of the Communist Get together of China on 16
October. The report lays out the nation’s
improvement targets for 2035, with the purpose
of “considerably growing financial energy,
scientific and technological capabilities, and
composite nationwide energy”.
INSIGHT: Weak world demand to proceed
dampening China PE market
confidence
By Joanne Wang 01-Nov-22 11:00 SINGAPORE
(ICIS)–Bearish home and abroad demand
might proceed to dampen confidence in China’s
polyethylene (PE) market within the fourth quarter,
and even in 2023.
NE
Asia propylene tumbles on poor demand, upstream
in focus
By Julia Tan 01-Nov-22 17:57 SINGAPORE
(ICIS)–The typical worth for spot propylene
(C3) imports in northeast Asia fell within the week
ended 28 October, monitoring losses within the
Chinese language home spot markets.
US
caustic soda prone to stay in tight provide
via This autumn and into 2023
By Invoice Bowen 01-Nov-22 06:41 HOUSTON
(ICIS)–Two separate components seem prone to
preserve the US liquid caustic soda market tightly
equipped for the approaching months, in response to an
rising market consensus.
INSIGHT: Crashing gasoline
spurs fertilizer ramp up, petchems nonetheless
shuttered
By Deepika Thapliyal 01-Nov-22 01:07
LONDON (ICIS)–Round a 3rd of European
ammonia manufacturing which shut down over the
summer season has reportedly ramped up in October,
though total gasoline demand remained subdued,
ICIS analysis reveals.
Asia’s caustic soda spot provide to enhance as
arbitrage demand cools
By Jonathan Chou 31-Oct-22 17:25 SINGAPORE
(ICIS)–Slowing arbitrage demand from Europe
for Asian spot materials of liquid caustic soda
might result in improved provide in Asia, whereas
near-term spot demand in Asia is prone to be
capped amid macroeconomic challenges.
Saudi Arabia’s SABIC Q3 internet revenue falls 67.1%
amid increased prices
By Nurluqman Suratman 31-Oct-22 11:34
SINGAPORE (ICIS)–Saudi petrochemicals main
SABIC posted a 67.1% year-on-year drop in its
third quarter internet revenue on the again of upper
prices regardless of a rise in gross sales volumes.
Asia
MEG costs plunge to a two-year low; outlook
bearish
By Judith Wang 28-Oct-22 15:14 SINGAPORE
(ICIS)–Asia’s monoethylene glycol (MEG) weekly
costs plunged to a two-year low throughout the
week amid weak downstream efficiency, whereas
the market outlook is predicted to stay
bearish amid rising provide and low year-end
demand.
China
to proceed going through sturdy gasoil demand, comfortable
gasoline demand in close to time period
By Floria Dai 28-Oct-22 12:31 SINGAPORE
(ICIS)–China is prone to proceed going through
strong gasoil demand and weak gasoline demand
within the near-term, which has seen divergent
traits in wholesale costs for gasoil and
gasoline regardless of the upward adjustment in
retail ceiling costs on 25 October.
China
C2 import urge for food sturdy regardless of weak
downstream margins
By Yeow Pei Lin 28-Oct-22 12:06 SINGAPORE
(ICIS)–Northeast Asia’s spot ethylene (C2)
import costs have been underpinned by restocking
demand in China even because the nation’s home
downstream costs suffered additional declines
this week.
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 trade is witnessing
a brand new world of considerably squeezed
margins for all producers, with incremental
capability addtions set towards the backdrop of
weak demand.
Excessive
inventories, weak demand weigh on US
propylene
By John Donnelly 28-Oct-22 01:29 HOUSTON
(ICIS)–The US propylene market continues to be
well-supplied and is taking a look at continued weak
spinoff demand via This autumn.
European acrylate esters
proceed to see destocking amid wider
uncertainties
By Mathew Jolin-Beech 28-Oct-22 01:20
LONDON (ICIS)–The European acrylate ester
markets are anticipated to see destocking proceed
whereas the broader macro-economic uncertainties
proceed.
Low
costs might restrict future German onshore
subscriptions
By Daniel Muir 28-Oct-22 01:07 LONDON
(ICIS)–Issues amongst onshore wind energy
mission contributors counsel that the present
atmosphere for mission improvement might see
future German onshore wind auctions be
considerably undersubscribed.
INSIGHT: M&A to be
large a part of chem’s shift to
sustainability
By Al Greenwood 28-Oct-22 00:18 HOUSTON
(ICIS)–Mergers and acquisitions (M&A) will
play a giant half in what Deloitte Consultancy
sees as a pivotal second within the chemical
trade, which can more and more give attention to
sustainability and securing provide chains.
European LNG sendout to
stay elevated early
November
By Christopher Rene 27-Oct-22 21:21 LONDON
(ICIS)–Persistently excessive LNG sendout is
forecast from the beginning of November with
unseasonably excessive regasification volumes
contributing to the erosion of provide threat from
shorter-dated European gasoline contracts
late-October.
Okay
Truthful ‘22: Price saving key for Europe TiO2
gamers in difficult
local weather
By Heidi Finch 27-Oct-22 18:59 LONDON
(ICIS)–Price saving is important within the fourth
quarter and into 2023 within the Europe titanium
dioxide (TiO2) market, as demand is falling and
financial situations are worsening, as mentioned
by gamers at Okay Truthful.
INSIGHT: China PP export
outlook – 1, trending to be a serious, world
exporter
By Lucy Shuai 27-Oct-22 18:41 SINGAPORE
(ICIS)–China is trending to be a serious, world
exporter of polypropene (PP) in view of huge
home capability start-ups and provide strain
that should discover export shops.
Asia
Group II base oils provide to be lowered till
year-end
By Matthew Chong 27-Oct-22 15:20 SINGAPORE
(ICIS)–Asia’s Group II base oils spot provide
is predicted to shrink till no less than the
year-end, after having been in relative
abundance from June to September earlier this
12 months.
World fossil gasoline demand
approaching peak – IEA
By Tom Brown 27-Oct-22 12:00 LONDON
(ICIS)–World demand could also be approaching a peak
or plateau for all fossil fuels based mostly on
present authorities coverage frameworks, the
Worldwide Power Company (IEA) stated on
Thursday, with consumption doubtlessly set to
recede within the a long time forward.
S
Korea Q3 GDP grows by 3.1% on family
consumption, development
progress
By Nurluqman Suratman 27-Oct-22 10:39
SINGAPORE (ICIS)–South Korea’s financial system grew by
3.1% 12 months on 12 months within the third quarter on the
again of stronger family consumption and a
restoration within the development sector,
preliminary official information confirmed on Thursday.
Weak
spinoff markets flattening US
ethylene
By John Donnelly 27-Oct-22 04:06 HOUSTON
(ICIS)–The ethylene market continues to be
lengthy with ample provide and spot costs close to
ethane cracking prices. That is prone to
proceed via no less than the primary a part of This autumn.
Spanish energy low cost to
France to keep up exports
By Daniel Muir 27-Oct-22 01:05 LONDON
(ICIS)–Giant reductions between the Spanish and
French Q1 merchandise are prone to proceed to
assist Spanish energy exports via the
winter.
INSIGHT: BASF anticipating
extraordinarily unstable markets and additional
uncertainty
By Nigel Davis 26-Oct-22 23:54 LONDON
(ICIS)–BASF is sticking with its 2022
monetary forecasts and is concentrating on earnings
on the higher finish of its €6.8-7.2bn vary for
earnings earlier than curiosity and tax (EBIT), a
steep fall on final 12 months, however is having to be
inventive in the way in which it handles the power
disaster in Europe and the broader world financial
downturn.
Some
EU corporations resume Ukraine storage injections to
clear provide overhang
By Aura Sabadus 26-Oct-22 23:49 LONDON
(ICIS)–Some EU-based firms have resumed
gasoline injections in Ukrainian storage as hub
costs have been falling and markets are going through
a provide overhang, a number of merchants informed ICIS.
Asia
PVC prone to see muted demand, wholesome provide
within the brief time period
By Jonathan Chou 26-Oct-22 16:52 SINGAPORE
(ICIS)–Regional spot demand for polyvinyl
chloride (PVC) in Asia is prone to stay
muted on the again of recession fears and rising
inflation, whereas availability is predicted to
keep wholesome within the brief time period.
Asia
EDC demand to remain weak whereas deep-sea provide
grows
By Jonathan Chou 26-Oct-22 12:57
SINGAPORE(ICIS)–Asia’s spot ethylene
dichloride (EDC) demand is being weighed down
by sluggish downstream polyvinyl chloride (PVC)
market, whereas spot availability of the
intermediate chemical is probably going to enhance
towards the top of the 12 months.
US
epoxy resins softening as market tries to gauge
2023 demand
By Tarun Raizada 26-Oct-22 06:14 HOUSTON
(ICIS)–US epoxy resins continued to be
pressured in October due
to aggressively-priced imports and slowing
demand tied to seasonal and financial headwinds.
Extension of UK nuclear
fleet would reduce gasoline, import
reliance
By Jack Grant 26-Oct-22 00:55 LONDON
(ICIS)–EDF Power just lately introduced it was
contemplating extending the lifetime of two of the
UK’s nuclear crops, with a mixed capability
of two.4GW, given the severity of the power
disaster that has developed over the past 12
months.
PODCAST: World chemical substances
loses China as engine of demand
progress
By Will Beacham 25-Oct-22 22:10 BARCELONA
(ICIS)–China’s financial progress will proceed
at low ranges, eradicating a serious supply of
increasing demand for the worldwide chemical
sector.
NE
Asia polyester extends losses on decrease
feedstock price, sluggish
demand
By Judith Wang 25-Oct-22 12:35 SINGAPORE
(ICIS)–Spot polyester costs in northeast Asia
weakened additional, weighed down by decrease
feedstock price and an total sluggish demand
for downstream textiles.
Singapore eyes hydrogen
developments to realize internet zero emissions by
2050 – minister
By Nurluqman Suratman 25-Oct-22 11:20
SINGAPORE (ICIS)–Singapore is aiming to
develop hydrogen to produce as much as half of its
energy wants by 2050 in a bid to speed up its
ambitions for internet zero emissions, a senior
authorities official stated on Tuesday.
INSIGHT: Asia C3 to face
headwinds in fourth quarter
By Julia Tan 25-Oct-22 10:00 SINGAPORE
(ICIS)–The Asian propylene market is going through
headwinds because it steps into the fourth quarter
as demand seems to be prone to stay weak till the
finish of the 12 months on poor spinoff margins.
Europe methanol storage
terminals at capability, prolonged market
situations for November
By Eashani Chavda 25-Oct-22 00:53 LONDON
(ICIS)–European methanol storage terminals are
full in late October, driving prolonged market
situations heading into November.
Okay
Truthful ‘22: Europe BPA This autumn demand low, cautious
assist for early 2023
By Heidi Finch 24-Oct-22 22:38 LONDON
(ICIS)–Europe bisphenol A (BPA) demand is
downbeat within the fourth quarter, on
macroeconomic woes, the off-season and residual
power price impacts.
INSIGHT: Europe readies
for winter with out Russian gasoline, chemical substances might
keep away from rationing
By Will Beacham 24-Oct-22 19:00 BARCELONA
(ICIS)–Europe’s chemical sector might not endure
obligatory cuts to pure gasoline consumption this
winter, until exceptionally chilly climate
boosts home heating demand considerably.
Okay
Truthful ’22: Solvay supplies unit spared from
downturn on wholesome aerospace, defence
sectors
By Jonathan Lopez 24-Oct-22 15:56
DUSSELDORF, Germany (ICIS)–Solvay’s Supplies
division has to this point been spared from a downturn
on the again of wholesome order books from the
aerospace and defence industries, in response to
an govt of the Belgium-headquartered
chemical substances main.
Some EU corporations resume Ukraine storage
injections to clear provide
overhang
By Aura Sabadus 26-Oct-22 16:49 LONDON
(ICIS)–Some EU-based firms have resumed
gasoline injections in Ukrainian storage as hub
costs have been falling and markets are going through
a provide overhang, a number of merchants informed ICIS.
October European LNG imports could possibly be
second highest ever
By Christopher Rene 20-Oct-22 22:39 LONDON
(ICIS)–European LNG imports are in line to hit
a seven-month excessive for October, narrowly
lacking out on the all-time month-to-month excessive of 11m
tonnes recorded in April this 12 months.
Okay Truthful ‘22: Europe TiO2 market and
downstream hope adapting to challenges will
deliver stability
By Heidi Finch 20-Oct-22 20:44 DUSSELDORF
(ICIS)–Strict operational and provide
administration within the Europe titanium dioxide
(TiO2) and downstream markets is important, amid a
difficult price and demand atmosphere, as
gamers lengthy for a lot wanted stability in these
areas, in response to sources on the Okay Truthful.
Germany
manufacturing enter shortages might final past
mid-term shocks – ifo
By Tom Brown 18-Oct-22 16:05 LONDON
(ICIS)–Materials shortages for Germany’s
manufacturing sector might final past present
disruptions, a researcher at economics
institute ifo stated on Tuesday, with structural
adjustments set to persist and manufacturing
doubtlessly set to say no.
Enter shortages which have dogged the
manufacturing sector within the nation are seemingly
to final past the COVID-19 pandemic and the
Russia-Ukraine conflict, in response to ifo researcher
Joachim Ragnitz.
Okay Truthful ‘22:
Europe R-PET market faces powerful and
unpredictable This autumn
By Matt Tudball 18-Oct-22
14:00 LONDON (ICIS)–The European recycled
polyethylene terephthalate (R-PET) market has
entered some of the turbulent durations in
its historical past as trade veterans and newcomers
alike wrestle to foretell the outlook as they
meet on the Okay Plastics Truthful.
In a case of ‘watch out what you would like for’,
the R-PET market has gone from tight provide and
record-high costs within the first half of the
12 months to huge oversupply, gradual demand, and
record-breaking worth drops in October.
US LNG surpasses
Russian pure gasoline flows to Europe for the
first time
By Edward Cox 17-Oct-22 16:27 LONDON
(ICIS)–US LNG provide to Europe exceeded
mixed Russian gasoline and LNG for the primary time
in September, with the pattern prone to proceed
based mostly on ahead market worth spreads.
US LNG supplied 5.3 billion cubic metres (bcm)
of gasoline in September, with complete Russian provide
at 3.7bcm.
Asia
FAE market to remain
sluggish in This autumn on financial slowdown and
uncertainties
By Helen Yan 14-Oct-22 16:13 SINGAPORE
(ICIS)–Asia’s fatty alcohols ethoxylates (FAE)
market is predicted to stay sluggish within the
fourth quarter amid a worldwide financial slowdown
and gloomy macroeconomic outlook.
INSIGHT: Europe chemical substances
pressured by prices, challenged by
demand
By Nigel Davis 14-Oct-22 16:00 LONDON
(ICIS)–Chemical producers in Europe know they
are going through a tricky winter given exceptionally
excessive pure gasoline and electrical energy costs and
excessive oil-based feedstock prices however the collapse
in demand in late summer season offers them even
better trigger for concern.
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 worth pressures which has slowed its
financial system to a year-on-year progress of 4.4% within the
fourth quarter.
NE
Asia C2 rebounds; China MTO output cuts enhance
post-holiday import demand
By Yeow Pei Lin 14-Oct-22 10:42 SINGAPORE
(ICIS)–Northeast Asia’s spot ethylene (C2)
import costs rose for the primary time in 5
weeks, aided by post-holiday restocking demand
in China, restricted spot gives for November and
the rising price of US provide.
INSIGHT: Demography to
decide chemical demand – put together for a
slower progress world
By Kevin Swift 14-Oct-22 03:25 CHARLOTTE,
North Carolina (ICIS)–From a requirement facet,
inhabitants determines the dimensions of markets. It
is why firms have been interested in China
and all these shoppers. Furthermore, the age
composition of the inhabitants, incomes, and the
improvement of downstream sturdy and
non-durable end-use markets, and different components
additionally impression plastic resin demand.
Norway energy manufacturing
tax dangers funding
By Daniel Muir 14-Oct-22 00:23 LONDON
(ICIS)– Norway’s proposed energy worth tax
might have contrasting impacts on mission
funding throughout the nation’s bidding zones,
producers have informed ICIS.
Growing Dutch LNG
provide helps cowl home gasoline
demand
By Marta Del Buono 13-Oct-22 18:19 LONDON
(ICIS)–Dutch LNG sendout within the nation’s
provide combine, in addition to at European stage, will
symbolize a better share going ahead as
Russian flows to the continent have been
dropping over the previous months.
2023
refinery solvents demand to reverse 2022
sample
By Jane Gibson 13-Oct-22 17:41 LONDON
(ICIS)–Refinery solvents markets will see a
12 months of two halves in 2023, with the second
half anticipated to see a extra optimistic outlook,
reversing the pattern seen in 2022. Nonetheless,
pure gasoline prices, downstream demand and
unstable feedstocks will stay on the
watchlist all 12 months.
INSIGHT: Wall Avenue
turns extra adverse on TiO2 outlook on weak point
in Europe and China
By Joseph Chang 13-Oct-22 03:59 NEW YORK
(ICIS)–Wall Avenue analysts are turning extra
adverse on the outlook for titanium dioxide
(TiO2) producer earnings as demand weakens,
particularly in Europe and China. Whereas pricing
has held up within the US and Europe up to now,
downward strain is constructing.
US
Plug mulls inexperienced ammonia shipments to
Europe
By Al Greenwood 13-Oct-22 03:28 HOUSTON
(ICIS)–The US inexperienced hydrogen firm Plug is
desirous about some sort of mission that might
develop crops in Europe that may extract
hydrogen from inexperienced ammonia shipped from the
US, the CEO stated on Wednesday.
EU
provides NPK, MOP, nitrates to Russian export
sanctions listing
By Andy Hemphill 12-Oct-22 23:50 LONDON
(ICIS)–The European Fee’s (EC) newest
listing of merchandise sanctioned for export from
Russia to the EU has been prolonged to incorporate
phosphate fertilizers, alongside muriate of
potash (MOP), nitrates, and nitrogen,
phosphorus, potassium (NPK) blends.
UK
going through two-hour day by day peak demand window with
much less French import potential
By Anna Coulson 12-Oct-22 23:37 LONDON
(ICIS)–French energy grid operator RTE’s
assertion that France ought to have the ability to export
energy throughout peak occasions this winter to the UK
might not apply to some night peak hours.
Canada chemical substances monitor
fallout from China slowdown, Ukraine conflict –
exec
By Stefan Baumgarten 12-Oct-22 23:21
TORONTO (ICIS)–Canada’s chemical trade is
“rigorously watching” because the slowdown in China
and financial
weak point elsewhere in Asia have
created pricing pressures on some chemical
commodities, the CEO on the Chemistry Business
Affiliation of Canada (CIAC) stated to ICIS.
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.
S
Korea raises benchmark rate of interest to 10-year
excessive of three%
By Nurluqman Suratman 12-Oct-22 12:40
SINGAPORE (ICIS)–South Korea’s central financial institution on
Wednesday raised its key rate of interest by half
a share level to a 10-year excessive of three% as
inflationary pressures, fuelled by a powerful US
greenback, proceed to weigh on its financial system.
INSIGHT: Petchems dealing
with backside of cycle situations, challenged to
the core by sustainability
By Nigel Davis 11-Oct-22 23:12 LONDON
(ICIS)–Petrochemical producers globally are
having to take care of backside of the cycle
situations alongside the distortion primarily
created by Russia’s conflict in Ukraine. It has,
due to this fact, been very a lot a query of
managing via the trough and streamlining
prices to extra successfully match buyer
demand.
NE
Asia C3 short-term demand outlook
bleak
By Julia Tan 11-Oct-22 19:27 SINGAPORE
(ICIS)–Spot costs for northeast Asian
propylene imports firmed on Tuesday on latest
upstream features and firmer spinoff futures,
however market contributors underlined that the
short-term demand outlook for the market
stays bleak.
China
September petrochemical markets up; demand
outlook nonetheless bleak
By Yvonne Shi 11-Oct-22 14:16 SINGAPORE
(ICIS)–China’s petrochemical markets have been
principally increased in September on provide tightness
in some merchandise and aided by pre-holiday
restocking, however total demand shouldn’t be anticipated
to enhance by a lot within the coming months.
Tight
provide persists for SE Asian solvent-grade
MX
By Jun Kai Heng 11-Oct-22 12:29 SINGAPORE
(ICIS)–Provide tightness in southeast Asia for
solvent-grade combined xylenes (MX) caused
by low regional manufacturing ranges and a scarcity of
possible import choices continued to plague
patrons.
EPCA
’22: Bearish outlook for Europe styrene market
for This autumn, no less than
By Fergus Jensen 11-Oct-22 06:10 LONDON
(ICIS)–Heightened bearish sentiment has
dominated the European styrene market in latest
months and threatens to proceed to overshadow
consumption via to the top of 2022, because the
broader market grapples with excessive inflation,
spiking power prices and expectations of a
recession in a number of areas.
EPCA
’22: European MEG provide could possibly be restricted in This autumn
on imports, native cuts; demand stays
unsure
By Melissa Hurley 11-Oct-22 01:56 LONDON
(ICIS)–European monoethylene glycol (MEG)
market gamers have confronted a difficult 2022
and there are combined expectations for the top of
the 12 months and past.
World weekly spot IPEX
barely up on rises in NE Asia, NW
Europe
By Miguel Rodriguez Fernandez 10-Oct-22
23:34 LONDON (ICIS)–The weekly ICIS
Petrochemical Index (IPEX) rose by 0.1%,
supported by an increase in northeast Asia and
northwest Europe spot costs.
EPCA
’22: Europe polyol demand stymied by TDI
shortages, demand forecast weaker in
‘23
By Zubair Adam 10-Oct-22 23:27 LONDON
(ICIS)–Demand for polyether polyols is
presently considerably hindered by the scarcity of
provide of toluene diisocyanate (TDI) in Europe,
with some projections for total consumption
to be weaker in 2023.
ICE
Futures US to commerce ICIS-linked Europe ethylene
month-to-month contracts
By Nel Weddle 10-Oct-22 20:24 LONDON
(ICIS)–The Intercontinental Alternate (ICE) has
launched its first Europe ethylene futures
contracts.
EPCA
22: INSIGHT: Europe BDO prices chew and demand
issues grip the market
By Katherine Sale 10-Oct-22 17:00 BERLIN
(ICIS)–Uncertainty reigns within the European
butanediol (BDO) market, with native sellers hit
by potential market altering prices, and demand
trying to fall off a cliff from November.
Asia
PP import urge for food marred by weak native
currencies, attainable provide
lengthening
By Jackie Wong 07-Oct-22 15:05 SINGAPORE
(ICIS)–Southeast Asia’s import urge for food for
polypropylene (PP) continues to be marred by
comfortable home currencies towards the US greenback,
and the attainable lengthening of provide from
October onwards would seemingly pile on the
strain.
Asia
BD stays below strain; demand outlook
hazy
By Ai Teng Lim 07-Oct-22 11:22 SINGAPORE
(ICIS)–Asia’s spot discussions for butadiene
(BD) have been muted this week with many regional
shops inactive amid varied holidays,
together with a week-long closure in China from 1-7
October.
US
labour market to stay tight at the same time as financial system
heads into recession – ICIS
economist
By Joseph Chang 07-Oct-22 04:28 NEW YORK
(ICIS)–The US labour market will proceed to
be comparatively tight, even with the financial system
seemingly heading right into a recession, in response to
the ICIS senior economist.
INSIGHT: Up to now, chem
earnings spotlight drag from Europe, Asia,
power
By Al Greenwood 06-Oct-22 23:27 HOUSTON
(ICIS)–A surge in revenue warnings from
chemical firms has cited excessive power costs
in addition to weak point in Europe and Asia because the
fundamental the explanation why producers reduce their steering
for the third quarter and for the total 12 months.
EPCA
’22: Europe olefins getting ready for the worst,
manufacturing cuts key
By Nel Weddle 06-Oct-22 21:47 BERLIN
(ICIS)–Each dialog on the sidelines of
the European Petrochemical Affiliation (EPCA)
assembly has been the identical – anybody hoping to
discover some positives and even just a few readability
amongst all of the pessimism over the months forward
will seemingly not have been too profitable.
Thailand’s SCG Chemical compounds
IPO will get SEC nod; eyes itemizing in
2023
By Pearl Bantillo 06-Oct-22 17:26
SINGAPORE (ICIS)–SCG Chemical compounds’ (SCGC)
deliberate preliminary
public providing (IPO) has secured
approval from Thailand’s Securities and
Alternate Fee (SEC), however its launch might
not occur this 12 months, its mother or father agency Siam
Cement Group (SCG) stated on Thursday.
EPCA
’22: Lack of visibility prompts Europe ACN
gamers to arrange for the
worst
By Jane Massingham 06-Oct-22 16:20 BERLIN
(ICIS)–The most typical phrase heard from many
European acrylonitrile (ACN) patrons is no-one
is aware of what is going to occur and as such gamers are
having to arrange worst case situations to attempt
and discover a method to survive the approaching quarters.
Asia
This autumn petrochemical demand faces headwinds as
world financial system slows
By Felicia Lavatory 06-Oct-22 14:28 SINGAPORE
(ICIS)–Petrochemical demand in Asia shall be
largely undermined as a result of regional factories
face continued weak point in export demand within the
fourth quarter.
Asia
naphtha gathers floor on crude oil features,
provide pushed
By Melanie Wee 06-Oct-22 13:37 SINGAPORE
(ICIS)–Asia naphtha markets are buoyed by
crude oil features on potential provide curbs and
improved spot demand, lifting the product’s
crack unfold.
World merchandise commerce
progress to gradual to 1% in 2023 –
WTO
By Nurluqman Suratman 06-Oct-22 12:53
SINGAPORE (ICIS)–World commerce is predicted to
lose momentum within the second half of 2022 and
stay subdued in 2023 as a number of shocks weigh
on the worldwide financial system, the World Commerce
Group (WTO) stated late on Wednesday.
EPCA
’22: HELM Asia, Europe gross sales hit by downturn,
US secure
By Will Beacham 06-Oct-22 01:24 BERLIN
(ICIS)–Poor financial situations across the
world, particularly in Europe, have hit the
revenues of Germany’s HELM, a serious distributor
and marketer of bulk and intermediate
chemical substances.
German front-year clear
darkish unfold hits two-month
low
By Jack Grant 06-Oct-22 00:20 LONDON
(ICIS)—Potential front-year revenue margins for
German coal-fired electrical energy technology
reached €259.02/MWh on 4 October, the bottom
stage since 10 August. Later-dated German clear
darkish spreads have trended downwards since 26
August, with gasoline prices turning into costlier
relative to income.
EPCA
’22: INSIGHT: European Fee cautious on
power as chems sector faces the
winter
By Tom Brown 05-Oct-22 19:42 BERLIN
(ICIS)–The European Fee is treading
rigorously with respect to its power coverage
response, with policymakers attempting to stroll a
line between mitigation of excessive prices and
preservation of hard-won shares as trade
faces as much as a troublesome winter.
EPCA
’22: Europe melamine manufacturing crippled by gasoline
prices, imports and poor
demand
By Melissa Hurley 05-Oct-22 17:00 LONDON
(ICIS)–European melamine market situations
stay fraught with difficulties, as poor
demand continues to conflict with excessive manufacturing
prices in Europe.
Asia
manufacturing faces This autumn gloom; export demand might
weaken additional
By Nurluqman Suratman 05-Oct-22 13:04
SINGAPORE (ICIS)–Asia’s factories will seemingly
face continued weak point in export demand within the
fourth quarter as European and the US economies
could also be taking a look at a pointy slowdown.
US
Sept auto gross sales rise, however headwinds persist
from increased rates of interest, financial
slowdown
By Adam Yanelli 05-Oct-22 04:17 HOUSTON
(ICIS)–US September gross sales of recent mild
autos rose from the earlier month and are
up by double digits 12 months on 12 months, however increased
rates of interest and waning financial
fundamentals are eroding client buying
plans.
EPCA
’22: ‘Time to outlive’ for the European
chemical trade
By Katherine Sale 04-Oct-22 23:19 BERLIN
(ICIS)–Survival has been a key theme of this
12 months’s European Petrochemical Affiliation
(EPCA) annual assembly, with emphasis on making
it via the winter.
EPCA
’22: EU power disaster factors to ‘main’ position
for fossil fuels, want for staggered
rules – EPCA pres
By Tom Brown 04-Oct-22 20:14 BERLIN
(ICIS)–The reinvention of the EU’s power combine
within the wake of the Russia-Ukraine conflict is probably going
to maintain fossil fuels as a key power supply and
uncooked supplies till the late 2030s and will
immediate a re-examination of recent chemical substances
laws, in response to the president of the
European Petrochemicals Affiliation (EPCA).
EPCA
’22: ‘Two parallel worlds’ for European
chemical substances – Brenntag CEO
By Will Beacham 04-Oct-22 17:38 BERLIN
(ICIS)–Europe’s chemical markets are transferring in
two totally different instructions, with declining
downstream demand hurting some worth chains,
however others affected by excessive tightness
brought on by energy-related outages, in response to
the CEO of Germany’s Brenntag, the world’s
largest chemical distributor.
Singapore Sept
manufacturing shrinks for first time since 2020
as outlook dims
By Nurluqman Suratman 04-Oct-22 13:41
SINGAPORE (ICIS)–Singapore’s manufacturing facility exercise
in September contracted for the primary time in
greater than two years, as exterior demand
continued to be weighed down by the impression of
excessive inflation and rates of interest hikes.
CRUDE
OUTLOOK: Demand issues to outweigh tight
provide, no less than for now
By Eloise Radley 03-Oct-22 23:24 LONDON
(ICIS)–As world recession looms, oil costs
could also be in for a bumpy decline for the remainder of
October amid prospects of decrease oil demand as
central banks tighten financial situations.
World weekly spot IPEX
falls on declines in northeast Asia, US
Gulf
By Miguel Rodriguez Fernandez 03-Oct-22
19:20 LONDON (ICIS)–The weekly ICIS
Petrochemical Index (IPEX) dropped by 1.9% week
on week, on the again of worth declines in
northeast Asia and the US Gulf.
INSIGHT: Plant operations
and profitability in Europe endure as prices
mount
By Nigel Davis 03-Oct-22 17:05 LONDON
(ICIS)–EU power ministers assembly on Friday
authorized most of a proposed power disaster
bundle to chop power utilization throughout the bloc,
cap extra revenues from energy crops that
don’t use gasoline, and impose a levy on the
distinctive earnings made in 2022 by oil and gasoline
firms.
Oil
costs rise by greater than $2/bbl as OPEC+ eyes
large output reduce
By Nurluqman Suratman 03-Oct-22 11:47
SINGAPORE (ICIS)–Oil costs jumped greater than
$2/bbl on Monday, fueled by expectations that
oil cartel OPEC and its allies (OPEC+) would
introduce a hefty manufacturing reduce to bolster the
market.
NE
Asia C2 stays on downward trajectory on sturdy
US exports
By Yeow Pei Lin 30-Sep-22 10:39 SINGAPORE
(ICIS)–Northeast Asia’s ethylene (C2) import
costs slumped as sellers lowered gives in a
bid to re-ignite purchaser curiosity forward of a protracted
vacation in China.
INSIGHT: Tendencies
converging to create This autumn glut in US
plastics
By Al Greenwood 30-Sep-22 05:21 HOUSTON
(ICIS)–North American polymer markets are
going through a rising glut due to weakening
demand, increasing capability and rising
inventories.
Lignite energy technology
to bolster German energy
provides
By Daniel Muir 30-Sep-22 01:23 LONDON
(ICIS)–The German federal ministry for
financial affairs and local weather motion (BMWK)
announcement that 5 lignite-fired energy
crops can return to the market from reserve
capability from 1 October 2022 might see onerous
coal and lignite-fired energy technology climb
via 2023 and into 2024, in response to ICIS
evaluation.
FRENCH POWER MONTHLY:
Winter dangers might preserve October immediate costs
supported
By Karishma Sadanandan 30-Sep-22 00:18
LONDON (ICIS)–The French October is prone to
stay supported into supply as demand rises
with colder temperatures and uncertainty
stays over nuclear availability.
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 financial system is heading
in direction of a recession, as sentiment is formed by
sustained excessive power costs.
PODCAST: Oxo-alcohol
chain developments, demand and power price
issues
By Cameron Birch 29-Sep-22 21:18 LONDON
(ICIS)–The European oxo-alcohol and its
spinoff markets proceed to face issues
with excessive power prices and demand. There are
rising fears that power prices will spike
once more in This autumn and demand will come below additional
strain as macroeconomic headwinds choose up.
Lockdowns, property
disaster to gradual China 2022 GDP progress to 2.8% –
World Financial institution
By Nurluqman Suratman 29-Sep-22 13:30
SINGAPORE (ICIS)–China, the world’s
second-biggest financial system, is projected to develop at
a a lot slower tempo of two.8% this 12 months in contrast
with an earlier forecast of 5.0%, in response to
the World Financial institution, amid the nation’s zero-COVID
coverage and ongoing property disaster.
US
EDC leads the worldwide pattern
downward
By Invoice Bowen 29-Sep-22 06:25 HOUSTON
(ICIS)–Ethylene dichloride (EDC) within the US and
globally is going through shrinking demand and
collapsing costs as its downstream spinoff
polyvinyl chloride (PVC) slumps worldwide.
Europe EVA This autumn sentiment
bearish on lukewarm demand
By Samantha Wright 28-Sep-22 22:44 LONDON
(ICIS)–European ethylene vinyl acetate (EVA)
market sentiment is softening for the fourth
quarter as demand erodes from some
purposes.
Coal
margins retreat regardless of escalation in European
power battle
By Raymond Shi 28-Sep-22 22:43 LONDON
(ICIS)–European coal profitability continued
to retreat throughout the earlier seven-day
interval, regardless of a late surge in gasoline costs
following an escalation in Europe’s power
battle with Russia.
East
Asia’s 2-EH worth at 11-week excessive, however demand
gradual
By Li Peng Seng 28-Sep-22 18:25 SINGAPORE
(ICIS)–East Asia’s import costs of
2-ethylhexanol (2-EH) hit an 11-week excessive whereas
money margins reached the very best since June as
run price cuts have overturned weak spot demand
in China, Asia’s largest importer of the
chemical.
Asia
petrochemical shares, oil hunch on recession
fears, sturdy US greenback
By Pearl Bantillo 28-Sep-22 14:05
SINGAPORE (ICIS)–Shares of petrochemical
firms in Asia have been buying and selling decrease early
Wednesday afternoon, with oil costs down by
greater than 1%, on demand issues amid rising
antagonistic world financial ramifications of
a sturdy
US greenback.
Mideast petchems a combined
image on provide and demand
By Felicia Lavatory 28-Sep-22 11:37 SINGAPORE
(ICIS)–Center jap petrochemicals is going through
a combined image on demand and provide, with dangerous
financial conditions engulfing each Jordan and
Lebanon in the case of merchandise like
polyethylene (PE).
US This autumn
epoxy resins to be pressured by slower demand,
cheaper imports
By Tarun Raizada 28-Sep-22 07:01 HOUSTON
(ICIS)–US epoxy resins continued to be
pressured in September because the sizable hole
between home and import costs supplied
leverage in some locations.
INSIGHT: ‘King Greenback’
poses rising risk to US chems, world
financial system
By Joseph Chang 28-Sep-22 01:21 NEW YORK
(ICIS)–The relentless surge within the US greenback
to file or multi-decade highs towards
European and Asian currencies shall be a better
headwind for US-based chemical firm earnings
going ahead.
INSIGHT: Exceptionally
excessive utility prices and traditionally low
client confidence – a poisonous
combine
By Nigel Davis 27-Sep-22 23:59 LONDON
(ICIS)–Chemical costs have been falling with
the price of oil, though it’s rising
inflation and weaker demand that’s of best
present concern.
PODCAST: China polymer
markets ‘worst in 25 years’
By Will Beacham 27-Sep-22 22:57 BARCELONA
(ICIS)–China’s polymers are in dangerous form as
demand collapses amid a giant uptick in capability
additions; world markets beware.
Asia
fatty acids patrons retreat on decline in
upstream CPO and recession
fears
By Helen Yan 27-Sep-22 15:48 SINGAPORE
(ICIS)–Asia’s fatty acids patrons are
retreating to the sidelines following the
decline within the upstream crude palm oil (CPO)
worth earlier this week amid mounting fears of
a worldwide recession.
Asia’s caustic soda might
proceed seeing export alternatives to Europe
in This autumn
By Jonathan Chou 27-Sep-22 14:34 SINGAPORE
(ICIS)–Demand for spot liquid caustic soda in
Asia is prone to be supported by arbitrage
commerce to Europe within the close to time period.
INSIGHT: Excessive price
threatens Asia petrochemical output as regional
currencies tumble
By Pearl Bantillo 27-Sep-22 12:26
SINGAPORE (ICIS)–Asia’s petrochemical
manufacturing is susceptible to shrinking additional as
imported uncooked supplies get costlier every
day that Asian currencies tumble to new lows.
INSIGHT: Russia-Ukraine
conflict, surging inflation proceed to dim progress
expectations
By Tom Brown 27-Sep-22 00:17 LONDON
(ICIS)–The outlook for world progress is
persevering with to darken because the financial system loses
momentum within the wake of the Russia-Ukraine conflict,
with recent financial projections pointing to a
substantial deterioration in prospects from
2023 even relative to a couple months in the past.
World weekly spot IPEX
down on declines throughout
areas
By Yashas Mudumbai 26-Sep-22 17:27 LONDON
(ICIS)–The weekly ICIS Petrochemical Index
(IPEX) was down final week, with indices throughout
areas declining.
Asia
naphtha market falters on feeble demand, weak
macroeconomics
By Melanie Wee 26-Sep-22 14:01 SINGAPORE
(ICIS)–Asia’s naphtha markets are being
pressured by waning demand brought on by poor
downstream margins, compounded by falling
regional currencies towards the sturdy US
greenback.
NE
Asia ethylene weakens; November outlook bleak
on deep-sea inflow
By Yeow Pei Lin 23-Sep-22 12:46 SINGAPORE
(ICIS)–Northeast Asia’s ethylene costs fell
on issues a few looming provide overhang in
November, as an inflow of deep-sea cargoes will
coincide with South Korean cracker restarts and
regional capability growth.
Asia
BD import market slows on comfortable
demand
By Ai Teng Lim 23-Sep-22 11:24SINGAPORE
(ICIS)–Spot discussions for Asian butadiene
(BD) imports are restricted this week as regional
patrons retreated deeper into the sidelines
amid uncertainties in
the worldwide macroeconomic outlook.
Federal Courtroom suspends
Barossa gasoline mission’s drilling
allow
By Yun Xie 23-Sep-22 12:01 SINGAPORE
(ICIS)–An Australian Federal Courtroom has ordered
the gasoline producer Santos to droop drilling
and completion actions at its Barossa gasoline
mission on 21 September.
US HB
Fuller sees rebound in Asia, slowdown in
Europe
By Al Greenwood 23-Sep-22 05:43 HOUSTON
(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 stated
on Thursday, a pattern that different chemical
producers have but to see.
Weak
demand, excessive prices might preserve Europe capro,
nylon 6 output low
By Marta Fern 23-Sep-22 04:03 LONDON
(ICIS)–European caprolactam (capro) and
downstream nylon 6 provide might keep curtailed
within the near-term as difficult market
fundamentals, which have led to additional output
reductions throughout August and September,
proceed.
French This autumn ’22 premium to
maintain over UK regardless of provide
assist
By Jack Grant 23-Sep-22 01:02 LONDON
(ICIS)–A widening French energy premium over UK
equivalents on quarterly contracts this winter
suggests French spot costs are set to ship
increased than the UK throughout the high-demand
season for the primary time in latest historical past.
Spain
confirms 1.5bcm enhance gasoline export capability to
France
By Andrea Battaglia 22-Sep-22 23:48 LONDON
(ICIS)–As Spain is ready to extend by
1.5billion cubic metres (bcm)/12 months its gasoline
exports capability in direction of France, this might
doubtlessly provide some assist to the European gasoline
provide this gasoline winter.
Asia
MEG market below strain 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 strain throughout the week as
downstream polyester sector initiated one other
spherical of operation cuts in a bid to alleviate
stock strain.
Japan
bucks world financial tightening pattern; yen
slumps to new 24-year low
By Nurluqman Suratman 22-Sep-22 17:54
SINGAPORE (ICIS)–Japan’s central financial institution determined
on Thursday to maintain its ultra-low curiosity
charges unchanged, bucking the worldwide financial
coverage tightening pattern within the combat towards
rising inflation, inflicting the yen to hunch to a
recent 24-year low.
Asia
Group II base oils provide to elongate on
elevated output
By Matthew Chong 22-Sep-22 13:21 SINGAPORE
(ICIS)–Asia’s Group II base oils spot provide
is predicted to extend as a number of northeast
Asian refiners have already or are about to
resume full manufacturing.
Asian
petrochemicals shares tumble after US Fed
rate of interest hike
By Nurluqman Suratman 22-Sep-22 11:36
SINGAPORE (ICIS)–Asian petrochemical shares
fell on Thursday as fears of a worldwide recession
grew after the US Federal Reserve
(Fed) raised
rates of interest by 75 foundation factors
(bps) to the very best stage since early 2008.
INSIGHT: Widespread
demand discount makes a tricky 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.
Growing Asia GDP
progress forecast reduce to 4.3% amid increased
inflation – ADB
By Nurluqman Suratman 21-Sep-22 11:26
SINGAPORE (ICIS)–The Asian Growth Financial institution
(ADB) on Wednesday reduce its financial progress
forecast for growing Asian economies to 4.3%
this 12 months from a earlier projection of a 5.2%
growth amid the continued rise in inflation
within the area.
PODCAST: Europe chemical substances
may benefit from decrease gasoline
costs
By Will Beacham 20-Sep-22 21:20 BARCELONA
(ICIS)–Pure gasoline costs might fall
considerably within the subsequent 2-3 years, relieving
strain on Europe’s beleaguered petrochemical
sector.
World weekly spot IPEX
secure regardless of declines in NW Europe, US
Gulf
By Yashas Mudumbai 20-Sep-22 16:52 LONDON
(ICIS)–The weekly ICIS Petrochemical Index
(IPEX) was secure week on week, regardless of a small
decline in northwest Europe and the US Gulf.
INSIGHT: Modifications on China
polyolefins commerce flows
By Joey Zhou 19-Sep-22 18:49 SINGAPORE
(ICIS)–China polyolefins proceed to see
reducing imports and growing exports in
2022 amid its basic adjustments.
China’s moulding grade PC
import worth at eight-week excessive, however demand
seen sluggish
By Li Peng Seng 19-Sep-22 11:05 SINGAPORE
(ICIS)–Chinese language import costs for moulding
grade polycarbonate (PC) rose for the primary
time since March to succeed in an eight-week excessive,
as sellers raised costs to fight poor
margins.
Asia’s benzene
projections cautious on upcoming
additions
By Angeline Soh 19-Sep-22 16:27 SINGAPORE
(ICIS)–Asia’s benzene market gamers are
cautious about This autumn given the 5 upcoming
additions in China, although some pessimism was
balanced out by the scheduled spinoff
additions.
Asia
petrochemical export alternatives to Europe
rising amid power disaster
By Nurluqman Suratman 16-Sep-22 11:51
SINGAPORE (ICIS)–Asian petrochemical markets
might discover new pockets of alternatives
to export
to the EU within the coming months as
European producers continues to wrestle with
excessive manufacturing prices amid file power
costs.
S
Korea Oct C2 output falls on turnarounds; NE
Asia provide outlook combined
By Yeow Pei Lin 09-Sep-22 12:09 SINGAPORE
(ICIS)–Ethylene (C2) output in South Korea,
Asia’s largest exporter, will decline in
October resulting from cracker turnarounds however provides
in northeast Asia might not essentially fall
in need of demand.
INSIGHT: Oil falls to
pre-war ranges, pushing down chem
costs
By Al Greenwood 09-Sep-22 00:07 HOUSTON
(ICIS)–Brent futures contract costs fell
beneath $90/bbl this week, reaching ranges not
seen since earlier than Russia’s invasion of Ukraine
and including extra downward strain on chemical
markets which can be already contending with weaker
demand.
Additional rate of interest
hikes forward for eurozone –
Lagarde
By Tom Brown 08-Sep-22 23:53 LONDON (ICIS)–The
75 foundation level enhance to the European Central
Financial institution’s (ECB’s) key rate of interest is predicted to
be adopted by a number of extra hikes over the following
few months, on persistent excessive inflation
expectations, President Christine Lagarde stated
on Thursday.
ICIS
VIEW: Why are British NBP gasoline costs so
excessive?
By Rob Dalton 08-Sep-22 23:33 LONDON
(ICIS)–Regardless of Britain’s numerous vary of gasoline
provides and its lowered dependence on Russian
gasoline, British NBP costs proceed to soar as
Russian deliveries to Europe drop additional.
Rising rates of interest,
low inventories weigh on US auto gross sales, slight
uptick in This autumn anticipated
By Adam Yanelli 08-Sep-22 23:31 HOUSTON
(ICIS)–The US auto trade continues to face
headwinds from tight seller inventories and
rising rates of interest, however gross sales might enhance
within the fourth quarter amid sturdy employment
and protracted client demand.
Power prices to push
Germany into recession subsequent 12 months –
institutes
By Stefan Baumgarten 08-Sep-22 23:02 LONDON
(ICIS)–Excessive power prices will push Germany
into recession subsequent 12 months, two financial analysis
institutes stated in forecasts on Thursday.
VTP
front-quarter premium to PSV widens on Russian
pipeline provide threat
By Ed Martin 08-Sep-22 20:29 LONDON
(ICIS)-The Austrian gasoline VTP front-quarter
contract seems to be prone to stay at a premium to
its Italian PSV counterpart into supply on
the again of Russian pipeline provide fears.
Germany proposes to cap
electrical energy revenues for inframarginal
applied sciences
By Stefan Konstantinov 08-Sep-22 16:59 LONDON
(ICIS)–The German authorities introduced on
Sunday 4 September that it could impose a
windfall tax on some electrical energy producers. It
would use the ensuing proceeds to finance a
new €65bn power aid bundle designed to
assist shoppers and mitigate the impression of
excessive inflation and power payments. This new
bundle brings the overall price of the help
measures Germany has enacted this 12 months to
€95bn.
Asia
naphtha market in limbo on skinny demand, ample
provide
By Melanie Wee 08-Sep-22 13:39 SINGAPORE
(ICIS)–Asia’s naphtha costs are being weighed
down by skinny demand and ample provide, with its
ahead market construction languishing at parity.
Japan
upgrades Q2 GDP progress to three.5% on stronger
client spending
By Nurluqman Suratman 08-Sep-22 12:17
SINGAPORE (ICIS)–Japan’s financial 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.
Provide issues galvanise
UK energy bulls, however supply
unsure
By Jack Grant 07-Sep-22 21:48 LONDON
(ICIS)–As Europe braces for this winter’s
good storm, market opinion is break up on the
supply of UK energy costs via September
and into the fourth quarter.
Demand nonetheless strong for
Europe’s chemical
distributors
By Will Beacham 07-Sep-22 19:34 BARCELONA
(ICIS)–Europe’s chemical distributors haven’t
but suffered the downturn in demand and torrid
market situations suffered by chemical
producers throughout the area, in response to
delegates on the European Affiliation of
Chemical Distributors (Fecc) annual congress in
Sitges close to Barcelona.
Saudi
Arabia Q2 financial progress revised as much as 12.2%
12 months on 12 months
By Pearl Bantillo 07-Sep-22 19:27
SINGAPORE (ICIS)–Saudi Arabia’s financial system posted
a revised second-quarter annualized progress price
of 12.2%, the very best in practically 11 years, on
the again of oil worth spikes, official information
confirmed on Wednesday.
Russian oil faces recent
G7 sanctions
By Eloise Radley 07-Sep-22 18:17 LONDON
(ICIS)–G7 monetary ministers met on Friday
final week when a choice was made to impose a
worth cap on Russian oil. Though particulars have
but to be introduced, it could possibly be set at a stage
of round half the present Brent oil worth. The
transfer is geared toward hacking away at Russia’s conflict
fund and curbing rising power costs.
PODCAST: Sliding
fundamentals might reshape world chemical substances
manufacturing
By Morgan Condon 07-Sep-22 02:00 LONDON
(ICIS)–Though summer season within the northern
hemisphere attracts to a detailed, the standard swing
in seasonal demand has not returned for
September, and the worldwide chemical substances trade
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 seems to be set to
stand among the many strongest-growing economies in
the world in 2022, reaping sturdy advantages from
elevated power costs – an unwelcome offshoot
of the Russia-Ukraine conflict.
European farmers ditch
nitrate fertilizers as costs
soar
By Manuja Pandey 06-Sep-22 17:27 LONDON
(ICIS)–The value of nitrate fertilizers has
soared on the again of lowered provide after a
recent spherical of manufacturing outages was introduced
by European chemical and fertilizer producers.
LNG
constitution charges soar within the Pacific
basin
By Roman Kazmin 06-Sep-22 16:20 SINGAPORE
(ICIS)–The constitution charges within the Pacific basin
have seen a drastic hike on the again of utmost
scarcity of tonnage, Singapore-based
shipbrokers stated.
INSIGHT: Prolonged provide,
weak demand mirror extraordinarily troublesome
September in Europe
By Nigel Davis 05-Sep-22 23:41 LONDON
(ICIS)–Market gamers in Europe often count on
to return from summer season breaks with one thing of
a spring of their step. The quietest days of
August give method to a busier September and infrequently
a comparatively sturdy fourth quarter.
OPEC+
drop manufacturing ranges for
October
By Eloise Radley 05-Sep-22 23:23 LONDON
(ICIS)–OPEC+ members met on Monday and agreed
to chop manufacturing quotas by 0.1m bbl/day in
October.
UK
energy exports fall throughout August, internet flows to
France set to persist
By Jack Grant 05-Sep-22 21:45 LONDON
(ICIS)–Reductions on UK baseload energy immediate
merchandise in contrast with equal contracts on
European markets suggests the UK will preserve
its internet export place to Europe via
supply in September.
World weekly spot IPEX
down on declines in NW Europe, US
Gulf
By Yashas Mudumbai 05-Sep-22 17:00 LONDON
(ICIS)–The weekly ICIS Petrochemical Index
(IPEX) dropped by 1% as declines in northwest
Europe and the US Gulf offset the slight uptick
seen in northeast Asia.
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 predicted to face additional demand
headwinds following a marginal drop in its key
buying managers’ index (PMI) in August as
new export orders decelerate.
Oil rises $1/bbl
on attainable 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 attainable manufacturing reduce by OPEC and its
allies later within the day to assist the market.
SE
Asia palm biodiesel market stays afloat in
sturdy demand
By Keven Zhang 02-Sep-22 10:29
SINGAPORE (ICIS)–Southeast Asian palm methyl
ester (PME) biodiesel was supported by shopping for
actions from EU, betting towards the
consensus of a weakening demand as winter
approached.
NE
Asia C2 surges on restricted Sept provide; outlook
for Oct combined
By Yeow Pei Lin 02-Sep-22 11:16 SINGAPORE
(ICIS)–Northeast Asia’s spot import costs for
September ethylene (C2) rose at an accelerated
tempo on restricted provide however the near-term
outlook was clouded by the ailing downstream
sectors.
Europe chems shares dip
on rising financial fears
By Tom Brown 02-Sep-22 00:21 LONDON
(ICIS)–European chemical substances firm shares
slumped on Thursday according to wider markets
as recent adverse manufacturing sector information
drove more and more bearish financial progress
expectations.
INSIGHT: World 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 top 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.
INSIGHT: New Ecovyst CEO
eyes progress in petroleum and renewable
power
By Al Greenwood 01-Sep-22 23:35 HOUSTON
(ICIS)–Ecovyst’s new CEO expects demand to
stay resilient for its sulphuric acid and
catalysts, that are used to make petroleum
based-fuels and polyethylene (PE) in addition to
renewable fuels and mining metals wanted to
make lithium-ion batteries and copper wiring.
Gasoline
uncertainty might trigger German energy spot
costs to rise in This autumn
supply
By Karishma Sadanandan 01-Sep-22 23:18
LONDON (ICIS)–German This autumn spot costs are seemingly
to rise above the present ahead contract,
ought to chilly spells, low winds, and rising gasoline
costs mix to assist costs in supply.
European LNG sendout to
stay elevated early
September
By Christopher Rene 01-Sep-22 23:10 LONDON
(ICIS)–Above-average European LNG sendout will
persist within the first half of September,
persevering with the pattern noticed all through 2022
amid ongoing provide tightness and elevated
regional hub costs.
India
financial system posts 13.5% fiscal Q1 progress; outlook
dims
By Pearl Bantillo 01-Sep-22 17:21
SINGAPORE (ICIS)–India posted a 13.5%
annualized GDP progress in April-June 2022, the
first quarter of its present fiscal 12 months,
marking the strongest tempo of enhance recorded
in a 12 months on a mix of low base results
and powerful progress in personal consumption.
NE
Asia August manufacturing facility actions weaken amid
slowing world financial 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.
US PE
gives in China stoke fears of prolonged
oversupply in SE Asia
By Izham Ahmad 01-Sep-22 09:43 SINGAPORE
(ICIS)–The looks of gives for US
polyethylene imports in China earlier in August
has pushed fears of worsening oversupply
situations in southeast Asia amid an ongoing
hunch in downstream demand.
Demand returns to
European refinery solvents markets however prices a
concern
By Jane Gibson 01-Sep-22 01:33 LONDON
(ICIS)–European refinery solvents markets
pricing is prone to stay unstable in
September as feedstocks and power costs
impression worth targets amid some regional
tightness and cautious September demand.
EU
contemplating “emergency intervention” into energy
markets: Proposals and sure
outcomes
By Matthew Jones 31-Aug-22 19:38 European
Fee President Ursula von der Leyen
acknowledged this week that the electrical energy market
requires “emergency intervention” with a purpose to
cut back the skyrocketing costs of energy throughout
the bloc.
China’s PVC exports might
be capped however rising deep-sea provide might have an effect on
Asia
By Jonathan Chou 31-Aug-22 16:59 SINGAPORE
(ICIS)–Regardless of exports from China having
fallen in latest weeks, producers in Asia are
prone to proceed seeing competitors within the
type of deep-sea cargo at aggressive costs.
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 brought on by file
heatwave and drought in August, with recent
COVID-19 curbs hampering total industrial
output and consumption.
Asia
fatty acids prone to stay flat close to time period on
slowing world demand
By Helen Yan 31-Aug-22 10:46 SINGAPORE
(ICIS)–Asia’s fatty acids market is prone to
stay flat within the close to time period, as a powerful US
greenback versus native currencies curbs spot
curiosity amid softening upstream crude palm oil
(CPO) costs.
European PMMA to stay
gripped by excessive prices and weak
demand
By Mathew Jolin-Beech 31-Aug-22 00:06
LONDON (ICIS)–The European polymethyl
methacrylate (PMMA) market is predicted to
stay gripped by a mix of excessive power
prices and comfortable demand.
World weekly spot IPEX
down on falls in northwest Europe, US
Gulf
By Miguel Rodriguez Fernandez 30-Aug-22
23:16 LONDON (ICIS)–The spot chemical substances index
dropped by 0.2% as falls throughout northwest
Europe and the US Gulf outweighed the slight
enhance in costs seen in northeast Asia,
in response to the most recent figures from the weekly
ICIS Petrochemical Index (IPEX).
PODCAST: Chemical compounds should
keep on low carbon monitor regardless of present
crises
By Will Beacham 30-Aug-22 22:41 BARCELONA
(ICIS)–The worldwide chemical trade should
stay dedicated to the online zero agenda, and
not be distracted by present macroeconomic and
geopolitical crises.
INSIGHT: Impression of energy
restrictions on China petrochemicals prone to
be restricted amid weak demand
By Jenny Yi 30-Aug-22 21:20 SINGAPORE
(ICIS)–Energy provide restrictions in lots of components
of China have been exacerbated this 12 months by
extended heatwaves in Sichuan, Chongqing,
Anhui, Zhejiang, Jiangsu and Hubei. Document excessive
temperatures have prompted petrochemical plant
working price cuts and shut downs.
World oil outlook: 5
components to look at in Week 35
By Eloise Radley 30-Aug-22 19:43 LONDON
(ICIS)–Crude rebounded final week, with Brent
climbing to over $100/bbl. Provide issues
intensified as OPEC+ threatened to chop
manufacturing quotas and the US Strategic
Petroleum Reserve was at its lowest stage in
a long time.
Asia
refiners reduce Group II base oils output on
adverse margins
By Whitney Shi 30-Aug-22 17:08 SINGAPORE
(ICIS)–Whereas Asian refiners had reduce export
costs for Group II base oils in July-August
resulting from weak demand, they’ve additionally just lately
lowered output.
PP
demand to decelerate in East Med as area
enters low-demand season
By Nadim Salamoun 30-Aug-22 05:32 DUBAI
(ICIS)–Regardless of the summer season season being
historically a high-demand season within the
area, the financial disaster coupled with the
excessive unemployment charges and hovering inflation
Jordan and Lebanon are going through have taken a toll
on the buying energy of the inhabitants.
Demand has been low throughout the season.
China’s Sinopec H1 internet
revenue up 10.5%; chemical earnings hunch
94%
By Fanny Zhang 29-Aug-22 14:07 SINGAPORE
(ICIS)–Chinese language petrochemical large Sinopec
reported a ten.5% year-on-year enhance in
first-half 2022 internet revenue on the again of
sturdy crude, at the same time as its chemical earnings
shrunk 94% as demand collapsed amid COVID-19
curbs.
China’s PE market might
stay below strain from rising provide, weak
demand
By Sijia Li 29-Aug-22 10:25 SINGAPORE
(ICIS)–China’s polyethylene (PE) market might
face additional strain from rising provide and
weak demand amid excessive world inflation and
tepid restoration in end-use consumption, curbed
by energy rationing insurance policies on rising
temperatures.
Asia
naphtha crack sinks in adverse zone, poor
margins dent demand
By Melanie Wee 26-Aug-22 13:13 SINGAPORE
(ICIS)–Asia naphtha markets are below strain
from feeble demand because of poor
downstream margins, sending the product’s crack
unfold into deeper adverse terrain.
Asia
MEG market falls right into a slender band; outlook
combined
By Judith Wang 26-Aug-22 13:00 SINGAPORE
(ICIS)–Asia’s monoethylene glycol (MEG) market
discussions have fallen right into a slender band
throughout the week as market contributors have been
weighing increased upstream price towards rising
provide and slowing demand, whereas the outlook is
combined within the absence of clear market
indicators.
Asia
SM eyes downstream restoration potential in Sep as
suppliers restrict charges
By Trixie Yap 26-Aug-22 12:41 SINGAPORE
(ICIS)–Asia’s styrene monomer (SM) dialogue
ranges will hinge on downstream market exercise
and restoration coming into September as provide
fundamentals proceed to tighten with makers
remaining adamant on manufacturing cuts amid
unstable SM margins.
Indonesia’s prolonged
waiver on palm oil export levy to have restricted
impression on oleo market
By Helen Yan 26-Aug-22 11:59 SINGAPORE
(ICIS)–Indonesia’s extension of its waiver on
its export levy on palm oil until the top of
October is unlikely to have any vital
impression on the oleochemicals market in southeast
Asia.
NE
Asia C2 spot demand for September rises as
output cuts chew
By Yeow Pei Lin 26-Aug-22 10:34 SINGAPORE
(ICIS)–Shopping for enquiries for September spot
ethylene (C2) imports elevated in northeast
Asia resulting from lowered home provide brought on by
output cuts, which have been largely in response to
poor margins and excessive propylene stock.
INSIGHT: Dow PE working
price reduce highlights world weak point,
overcapacity and logistics
constraints
By Joseph Chang 26-Aug-22 04:37 NEW YORK
(ICIS)–Dow’s announcement on slashing
polyethylene (PE) working charges is a transparent
signal of weakening world demand and oversupply
of the polymer, together with persistent logistics
constraints.
European native melamine
manufacturing closely lowered on hovering gasoline
costs; affordability issues
develop
By Melissa Hurley 26-Aug-22 01:03 LONDON
(ICIS)–European melamine market gamers are
confronted with file stage gasoline costs, resulting in
extra shutdowns and lowered run charges. Issues
over affordability are mounting as prices drift
additional away from market dynamics.
US
LNG to Europe to stay at elevated
stage
By Christopher Rene 25-Aug-22 22:49 LONDON
(ICIS)–US LNG exports to Europe are set to be
twice as massive as 2021 volumes by the top of
September, with demand pushed by the present
power disaster, ICIS information reveals.
INSIGHT: Draw back
uncertainty hits Europe refined merchandise market
however tightness stays
By Tom Brown 25-Aug-22 22:19 LONDON
(ICIS)–Pricing for some refined merchandise has
began to ease from the highs throughout the
summer season as the height demand season involves a
shut and macroeconomic strain intensifies,
however structural tightness within the sector
continues to buffer pricing and galvanise
future demand upticks.
CDI
Financial Abstract: US macro challenges construct
amid labour resilience
By Joseph Chang 25-Aug-22 05:00 NEW YORK
(ICIS)–US GDP is predicted to gradual additional however
labour and manufacturing are displaying resilience
whereas inflation might have peaked.
Mideast TDI market sees
cautious optimism after FM announcement in
Europe
By Damini Dabholkar 25-Aug-22 17:49
SINGAPORE (ICIS)–The Center East market noticed
extra exercise and producers heard extra
enquiries from clients this week on
expectations of decrease provide.
Asia
OX provide to tighten additional; large buy-sell hole
persists
By Samuel Wong 25-Aug-22 14:45 SINGAPORE
(ICIS)–Asian provide of orthoxylene (OX) is
anticipated to remain tight, particularly in China, on
the again of a number of deliberate upkeep
shutdowns.
South
Korea hikes key rate of interest to 2.5% amid
hovering inflation
By Nurluqman Suratman 25-Aug-22 10:36
SINGAPORE (ICIS)–South Korea’s central financial institution on
Thursday raised its key rate of interest by 25
foundation factors to 2.5% in a transfer to comprise
hovering inflation, which it expects to stay
at a excessive stage for a substantial interval of
time.
INSIGHT: Falling demand
expectations reduce into crude
outlook
By Tom Brown 24-Aug-22 23:17 LONDON
(ICIS)–Crude demand and pricing has remained
agency via the summer season, however the imminent finish
of the height driving season and
rapidly-deteriorating macroeconomic image are
driving down worth and demand expectations for
the remainder of 2022.
Europe PE/PP gamers
conform to exit 2022 contracts to chop
prices
By Ben Lake 24-Aug-22 17:00 LONDON
(ICIS)–European polyethylene (PE) and
polypropylene (PP) gamers, desperately wanting
for tactics to trim prices, have resorted to
agreeing to mutually abandon components or the
entirety of their 2022 contract agreements –
and the connection between patrons and sellers
is prone to stay in flux for the remainder of the
12 months.
French energy spot on
monitor to ship above UK in This autumn if nuclear woes
persist
By Jack Grant and Karishma Sadanandan LONDON
(ICIS)–A widening French energy premium over UK
equivalents on quarterly contracts this winter
suggests French spot costs are prone to
ship increased than the UK throughout the
high-demand season for the primary time in latest
historical past, if nuclear uncertainty continues to
trigger issues for winter provide.
Hovering European gasoline
costs drive 13.5m tonnes of fertilizers,
chemical substances offline or reduce
By Deepika Thapliyal 23-Aug-22 23:23
LONDON, BARCELONA (ICIS)–Hovering pure gasoline
costs in Europe have led to no less than
13.5m tonnes of fertilizer and chemical
capability being shut down or run at lowered
charges, representing as much as 63% of regional
capability for the worst-affected merchandise.
Russia’s Sakhalin-2 faces
difficulties on spot LNG
gross sales
By Roman Kazmin 23-Aug-22 15:15 SINGAPORE
(ICIS)–Russia’s Sakhalin-2 mission is
experiencing difficulties to search out contributors
for spot tenders, a supply near Russia’s
incumbent Gazprom informed ICIS.
Europe caustic soda
tightens on manufacturing points, decrease
utilisation charges
By Chris Barker 22-Aug-22 22:04 LONDON
(ICIS)–European caustic soda gamers count on
the market to tighten within the fourth quarter of
2022, as manufacturing of chlorine and caustic
soda has decreased and drive majeures and
upkeep have rocked the market.
Malaysia’s PCG Q2 internet
revenue rises 0.5%; warns of waning
demand
By Nurluqman Suratman 22-Aug-22 14:53
SINGAPORE (ICIS)–PETRONAS Chemical compounds Group
(PCG) on Monday reported a marginal
year-on-year enhance in its second-quarter internet
revenue due to increased product costs, however the
Malaysian producer warned of weaker demand in
the second half of 2022.
Provide chain, freight
transportation issues plague chem
producers – ACC survey
By Adam Yanelli 19-Aug-22 02:31 HOUSTON
(ICIS)–Chemical producers within the US have
continued to be affected by main provide chain
and transportation points which have led to 97%
of respondents modifying operations, in accordance
to the outcomes of an American Chemistry Council
member survey.
New
Sakhalin-2 operator says contracts keep in
place
By Ed Lane 19-Aug-22 07:53 SINGAPORE
(ICIS)–The brand new operator of the Sakhalin-2
mission, LLC Sakhalin Power, was introduced in
a press
assertion on 19 August as a number of
offtakers from the mission confirmed it has
provided the identical buying phrases for shoppers,
however with cost
to Gazprombank JSC.
Germany’s chem R&D
stalls on impacts from Ukraine conflict,
pandemic
By Stefan Baumgarten 18-Aug-22 23:54
LONDON (ICIS)–Funding on analysis and
improvement (R&D) in Germany’s chemical substances
and prescription drugs trade has stalled,
in response to chemical producers’ commerce group
VCI.
Europe chemical substances patrons
shift from contractual volumes to identify market
on crest of falling demand
By Morgan Condon 18-Aug-22 19:19 LONDON
(ICIS)–As financial indicators proceed to warn
of a downturn in direction of the top of 2022, Europe’s
chemical substances markets are adjusting shopping for habits
in a bid to shelter from the crash.
Eurozone development
output slips in June on widespread fall in
demand
By Tom Brown 18-Aug-22 18:53 LONDON
(ICIS)–Building output within the eurozone
fell 1.3% month on month in June on the again of
substantial declines in civil engineering and
constructing productiveness within the area, in accordance
to information from Eurostat on Thursday.
Philippine central financial institution
hikes key rates of interest 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 curiosity
charges, with additional financial tightening
attainable as common inflation this 12 months is
anticipated to exceed its 2.0-4.0% goal.
INSIGHT: Asia
petrochemical margins shrink amid worth hunch,
poor demand
By Nurluqman Suratman 18-Aug-22 13:48
SINGAPORE (ICIS)–Asia’s petrochemical margins
are being eroded by sharp worth declines, excessive
feedstock prices and tepid downstream demand,
with market sentiment weighed down by financial
uncertainties in China and fears of a worldwide
recession.
Challenges to mount in
Europe ECH market in autumn on imports vs
power
By Heidi Finch 18-Aug-22 01:35 LONDON
(ICIS)–The Europe epichlorohydrin (ECH) market
might face varied challenges within the autumn,
amid a flurry of aggressive imports, gathering
macro-economic clouds and a gradual spinoff
epoxy market on the one hand, and heightened
power price/provide issues on the opposite.
Germany’s order backlog
hits new excessive, chem backlog
eases
By Stefan Baumgarten 18-Aug-22 01:00
LONDON (ICIS)–The backlog of unfilled
manufacturing orders in Germany reached but
one other file excessive in June amid the continuing
provide chain points and uncooked materials shortages,
in response to the most recent statistical information on
Wednesday.
Asia
petrochemicals bottoming out; issues on
demand restoration, margins
stay
By Joey Zhou 17-Aug-22 16:25 SINGAPORE
(ICIS)–Asian petrochemical market is predicted
to backside out and begin rebounding in August,
whereas most merchandise nonetheless see decrease common
costs than July.
India’s GAIL runs Pata
complicated at lowered charges on LNG provide subject –
sources
By Priya Jestin 17-Aug-22 14:33 MUMBAI
(ICIS)–State-owned Gasoline Authority of India Ltd
(GAIL) will proceed working petrochemical
crops at its Pata complicated in Uttar Pradesh at
lowered capability to make sure sufficient gasoline provide
to its clients, an organization official stated on
Tuesday.
INSIGHT: Excessive inflation,
world financial uncertainty weigh on China PE
market
By Amy Yu 17-Aug-22 11:02 SINGAPORE
(ICIS)–Rising inflation and issues over the
world financial outlook are prone to weigh on
China’s polyethylene (PE) demand progress within the
second half of the 12 months.
INSIGHT: IPEX downturn
factors to troublesome time to
come
By Nigel Davis 15-Aug-22 23:39 LONDON
(ICIS)–Petrochemical worth falls throughout the
board in northeast Asia and a pointy worth
downturn in northwest Europe level both to a
feedstock correction from earlier highs or
constructing strain on demand.
Saudi
Aramco posts file Q2 internet revenue on increased oil
costs
By Nurluqman Suratman 15-Aug-22 11:04
SINGAPORE (ICIS)–Saudi Aramco’s second-quarter
internet revenue surged to a file riyal (SR)
181.6bn ($48bn), on the again of upper crude
oil costs and gross sales volumes.
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 financial system grew by
8.9% 12 months on 12 months within the second quarter of this
12 months on enhancing home demand, however
heightened world uncertainties are anticipated to
weigh on its progress outlook, the central financial institution
stated 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 ready to
enhance within the coming months, however towards the
prospect of a worldwide recession and difficult
demand it’s unclear how this can 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.
Gasoline-fired technology
drives German energy Cal ’23
By Anne Petersen 12-Aug-22 00:45 LONDON
(ICIS)–The value of gasoline stays the primary
driver for the German energy Cal ’23, regardless of
the German authorities’s give attention to limiting the
use of gasoline for energy manufacturing.
OPEC
revises crude demand forecast down on slowing
world financial 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 stated 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 lot of bullish and bearish components.
Russia’s invasion of Ukraine will proceed to
be a central driving drive and preserve oil markets
unstable 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 atmosphere.
SE
Asia palm biodiesel to see file 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
file highs in July and August, as a number of
bullish components enhance shopping for curiosity.
PODCAST: World chemical
costs collapse, Europe prepares for dry
summer season, powerful winter
By Will Beacham 10-Aug-22 22:43 BARCELONA
(ICIS)–World chemical costs are falling simply
as Europe braces itself for extra summer season
heatwaves, drought and a winter of gasoline
rationing.
Thai
PTTGC Q2 internet revenue falls sharply amid decrease
chem margins
By Nurluqman Suratman 10-Aug-22 15:30
SINGAPORE (ICIS)–PTT World Chemical’s (PTTGC)
internet revenue fell by 83.9% 12 months on 12 months within the
second quarter, weighed partly by decrease margins
throughout all of its chemical substances companies, the
Thailand-based producer stated on Wednesday.
Saudi
SABIC Q2 internet revenue up 3.8%; H2 margins to remain
below strain
By Nurluqman Suratman 10-Aug-22 12:42
SINGAPORE (ICIS)–Saudi petrochemicals main
SABIC posted a 3.8% year-on-year enhance in
second-quarter internet revenue, whereas it expects
margins to stay below strain within the second
half of 2022.
INSIGHT: Indonesia
financial system surprises in Q2; prospects dim in
H2
By Pearl Bantillo 10-Aug-22 21:03
SINGAPORE (ICIS)–Indonesia’s progress momentum
is predicted to weaken for the remainder of the 12 months
and into 2023, as excessive inflation hits total
home consumption. Exterior demand is being
threatened by a attainable world recession.
Saudi
SABIC Q2 internet revenue up 3.8%; H2 margins to remain
below strain
By Nurluqman Suratman 10-Aug-22 12:42
SINGAPORE (ICIS)–Saudi petrochemicals main
SABIC posted a 3.8% year-on-year enhance in
second-quarter internet revenue, whereas it expects
margins to stay below strain within the second
half of 2022.
China
July petrochemical markets hunch; 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 12 months.
Asia
BDO extends losses as demand at a low
ebb
By Clive Ong 04-Aug-22 16:47 SINGAPORE
(ICIS)–The Asian butanediol (BDO) market
prolonged losses with the downtrend nonetheless firmly
entrenched. Market contributors count on additional
draw back potential within the close to time period because the
decline that began in April doesn’t seem
to have run its course.
PODCAST: LPG substitution
of higher-priced LNG restricted in
China
By Yan Wang 04-Aug-22 15:37 GUANGZHOU
(ICIS)–ICIS analysts Wang Yan and Xu Fei
talk about with Asia deputy information editor Pearl
Bantillo why China shouldn’t be aggressively utilizing
liquefied petroleum gasoline (LPG) as substitute for
liquefied pure gasoline (LNG) in gasoline
purposes in industries regardless of world
provide issues and hovering LNG costs.
Asian
import gives for NBR fall with weak demand,
outlook bleak
By Ai Teng Lim 04-Aug-22 10:34 SINGAPORE
(ICIS)–Asian spot import gives for
acrylonitrile butadiene rubber (NBR) have
slipped decrease as sellers widened reductions to
chase offers in a low-demand market.
India
July exports slip; commerce deficit widens to
file $31bn
By Priya Jestin 03-Aug-22 14:43 MUMBAI
(ICIS)–India’s merchandise exports in July
dipped for the primary time in over a 12 months, whereas
elevated imports of crude oil and coal bloated
the nation’s commerce deficit to a file $31bn.
Asia
butac, etac hunch; demand tepid on weak
regional currencies
By Melanie Wee 02-Aug-22 17:41 SINGAPORE
(ICIS)–Asia’s butyl acetate (butac) markets
are being weighed down by tepid demand as
continued weak point of currencies within the area
continues to undermine imports.
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 displaying a
marked slowdown in exercise, because the area
continues to take care of excessive enter prices and
weak demand.
OUTLOOK: Asia epoxy
resins to remain sluggish; worth competitors might
intensify
By Luffy Wu 02-Aug-22 13:46 SINGAPORE
(ICIS)–Unsure end-demand outlook and
recession fears proceed to hang-out Asia’s epoxy
resins market, with aggressive exports from
China forcing some regional suppliers to decrease
provide.
South
Korea July inflation nears 24-year excessive at
6.3%
By Nurluqman Suratman 02-Aug-22 12:26
SINGAPORE (ICIS)–South Korea’s client worth
index (CPI) rose by 6.3% 12 months on 12 months in July,
accelerating from 6.0% within the earlier month
and the quickest price recorded in practically 24
years.
Will Beacham contributed to
this subject web page.
