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PODCAST: European oxo-alcohols, derivatives markets attention remains on supply changes, demand still subdued
LONDON (ICIS)--In April, for European oxo-alcohols and derivatives markets the focus has remained on supply-side changes to drive market sentiment and prices. This is largely expected to continue for the remainder of the quarter.Across markets, underlying demand continues to struggle amid the muted downstream environment in a variety of end user segments. Anticipated supply improvements for the rest of the quarter remain closely monitoredGlycol ethers report editor Cameron Birch speaks to oxo-alcohols Editor Nicole Simpson, acrylate esters Editor Mat Jolin-Beech and butyl acetate Editor Marion Boakye about the current conditions in these markets and expectations for the near future.
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Think Tank: Cracker closures could be first of a big wave as overcapacity grows
Recent cracker closure announcements in Europe and Japan may be the first of many as the industry grapples with chronic overcapacity driven by China and the Middle East. - Three cracker closure announcements in Europe, Japan since late March- 1.4 million tonnes of ethylene capacity affected, but up to 20 million may be needed- Europe, Japan, South Korea suffer from higher costs - Negative chemicals demand growth possible in China- China still dominates global chemical markets- Opportunity to pivot sites to low carbon, local markets
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Chinese and Iranian supply to determine urea trend
The urea market is expected to remain subdued as Chinese exports resume over the next few months and given Iranian producers eagerness to move product before any fresh sanctions are imposed. China exports to resume but challenges remainIran offers over 200,000 tonnes for MayIndia’s return unlikely before June In this podcast, ICIS senior editors Sylvia Traganida and Deepika Thapliyal discuss the globally supply and demand situation for urea and ammonia, and the future developments for both products.
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PODCAST: Production constraints keep Asian BD spot trades buoyant in Q1, demand outlook mixed
SINGAPORE (ICIS) – Persistent production constraints have driven Asia’s spot prices for butadiene (BD) to near two-year-high levels, but how the rally may go from here may hinge on downstream demand conditions. Prolonged under-utilisation of regional crackers dented regional BD output Exports from China helped to plug some of these supply gaps Mixed views about downstream demand outlook In this podcast, ICIS editors Ai Teng Lim and Aviva Zhang discuss how regional supply and demand balance has evolved across different Asian outlets and how this may pan out from here for the near future.
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Europe Asia oxo-alcohols, plasticizers markets react to unplanned shutdowns, sudden tightness
The arbitrage between Europe and northeast Asia opened up in Q1 as OQ Chemicals declared force majeure on oxo-alcohols at its German site, tightening the European market.However, as underlying European demand remains sluggish and economic malaise continues, import opportunities for Asian sellers may be short lived.Europe markets editor, Nicole Simpson, and Asia markets editor, Julia Tan, discuss the outlook for supply, demand and trade flows in the coming quarter.
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ICIS looks forward to meeting you at Chinaplas2024.mp3
SINGAPORE (ICIS)--In this podcast, ICIS Analyst Sijia Li and ICIS Senior Industry Analyst Joanne Wang talk about highlights in in polyolefin market to provide background for you to visit Chinaplas.