Many petrochemicals in Asia suffer from container shortage

According to recent news from Axioms Singapore, due to the new crown pneumonia epidemic and container shortages that continue to plague the Asian market, the Asian petrochemical market is in a dilemma of sluggish demand

PE: Continued bearish

Market participants said that bearish sentiment continued to spread in the Asian polyethylene (PE) market

In the Chinese market, the domestic supply of PE is sufficient, which will curb the rise in market demand in the short term

PP: Not busy in peak season

As Southeast Asian countries are still suffering from the pandemic, market participants said that in September, the demand for polypropylene (PP) in Southeast Asia may remain weak, although this period is traditionally a peak demand season

MEG and acetic acid: consumption continues to decrease

Weak downstream demand has inhibited consumer interest in Asian ethylene glycol (MEG) purchases

In the Asian acetic acid market, downstream consumption continues to decrease

In other downstream industries of acetic acid, the capacity utilization rate of some ethyl acetate and butyl acetate facilities in India and Southeast Asia has been affected by various factors such as the rainy season and the substitution of raw materials since late July, and there are no positive data disclosures

　　ABS: Or buck the trend

　　The Asian acrylonitrile-butadiene-styrene (ABS) market seems to be bucking the trend, as its demand is strong before the traditional peak season, and consumer products are expected to get a boost before the end of the year