Asia petrochemicals outlook, w/c Jan 18-22

S&P Global Platts | Jan 18, 2021 at 6:37 AM
  • Market sentiment is expected to be less bullish broadly across the petrochemical sector in Asia in the week starting Jan 18, barring the methanol market where tightness is expected to support prices.
  • Asian ethylene spot prices are expected to be soften.
  • Outages at a major Southeast Asian methanol producer’s plants will likely keep the region supported, while prices in South Korea are expected to be steady to firm from healthy downstream demand and tight inventory.