Episode 1453: PODCAST: Mideast conflicts reshape recent Asian C3 market, and what lies ahead?
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Episode 1453: PODCAST: Mideast conflicts reshape recent Asian C3 market, and what lies ahead?
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概要
Asian propylene (C3) supply has been shrinking with the ongoing shipping disruption through the Strait of Hormuz amid the US-Israel-Iran conflict. Supply tightness is expected to persist and support the market as feedstock availability and cost pressure remain key problems, weighing down regional plants’ operating rates.
Downstream demand and end-use consumption, however, are facing greater uncertainties as the geopolitical tensions weaken the global economic outlook, which could cloud the upside potential of propylene.
In this podcast, ICIS editors Seymour Chenxia and Joy Foo, together with ICIS senior analyst Joey Zhou, Doris He and Lillian Ren revisit Asian propylene price trends since the Middle East conflicts, discuss price forecast, supply/demand conditions and outlook and trade flow changes.