ASIA – The week ahead in petrochemicals

S&P Global Platts | Oct 26, 2020 at 8:04 AM
  • Sentiment in the polyester chain continues to be driven by strong demand from the downstream Chinese textile sector, but fundamentals in paraxylene and purified terephthalic acid have yet to see much improvement amid high stockpiles.
  • Asian ethylene spot market sentiment is expected to be bearish due to the recovery of global supply and Asian recycled polyethylene terephthalate market continues to grapple with weak demand.
  • Asian ethylene spot market sentiment is expected to be bearish due to the recovery of global supply, and selling interests were seen in Europe, South and North America and the Middle East.