Episode 1180: PODCAST: Asia propylene derivative demand still slow amid uncertainties

ICIS - chemical podcasts

English - May 15, 2024 00:00 - 8 minutes - 5.06 MB
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Previous Episode: Episode 1179: Think Tank: Like blocks pulled out of a Jenga tower, chemicals closures could collapse value chains

Next Episode: Episode 1181: PODCAST: Ample propylene supply, China PP exports weigh on SE Asia market

SINGAPORE (ICIS) -- Asian oxo-alcohols buyers maintained a wait and watch approach, amid the possibility of added capacities in China weighing on market sentiment.

The acrylonitrile (ACN) market continues to see limited spot demand in the northeast Asia market. Even as downstream acrylonitrile-butadiene-styrene (ABS) has seen higher production rates recently, ACN producers were unlikely to increase operating rates.

For the acrylates downstream, butyl-A market in Asia continues to take direction from Chinese domestic prices. With India's Bureau of Indian Standards (BIS) requirements preventing Chinese origin imports, cargoes from China were flowing into SE Asia and NE Asia.

In this podcast, ICIS editors Julia Tan and Corey Chew discuss trends in the Asia propylene and derivatives markets.