Supply Chain Council of European Union | Scceu.org
Freight

Asia oxo-alcohols face weak demand; deep-sea cargo influx

SINGAPORE (ICIS)–Oxo-alcohols markets in Asia
could see weak downstream demand continuing due
to macroeconomic uncertainties, while deep-sea
cargoes augment regional supply.

For 2-ethylhexanol (2-EH), the market was hit
by year-end inflows of deep-sea cargoes. It
remains to be seen if those cargoes will
continue to make their way to Asia.

There are recent signs that rebalancing efforts
in Asia – via output cuts and plant turnarounds
– have resulted in prices bottoming out, but
weak demand could still unhinge those efforts.

Spot 2-EH prices on 6 December averaged at
$830/tonne CFR (cost and freight) east Asia,
down $5/tonne from the week before, according
to ICIS data.

ICIS Editorial Chart goes here

The n-butanol (NBA) market was similarly hit by
the influx of deep-sea cargoes, while demand
from downstream markets is not expected to
improve anytime soon.

A producer in northeast Asia is conducting
turnaround at its plant, while a separate
producer in southeast Asia has been clearing
out its inventories.

Asian NBA producers are generally not in a
hurry to make offers, opening the door for some
deep-sea cargoes to penetrate the market.

Spot NBA prices were assessed unchanged at
$685/tonne CFR NE (northeast) Asia in the week
ended 6 December, ICIS data showed.

Focus article by Joson Ng

Related posts

Ocean Freight Forwarding Market 2021 Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities till 2026 – NY Market Reports

scceu

M2S Bikes Launches All-Terrain Cargo Electric Bicycle

scceu

How to grow a garden inside a shipping container

scceu