The ICIS forecast underlines that average prices of Asia oxo-alcohols are expected to decline by 25-28% in 2024, largely caused because of new supply from the China capacity expansion plans in 2024. Demand recovery is expected to face some challenges because of the weak global economy and geopolitical instabilities.Tight import supply lends support to Asia, Panama Canal logistics issues compound snug supplyDemand recovery for oxo-alcohols and plasticisers in 2024 to remain sluggish in Asia, EuropeEuropean contract discussions commence; market participants cautiousIn this podcast, ICIS editors Nicole Simpson and Julia Tan discuss the 2024 outlook for oxo-alcohols and plasticisers in Asia and Europe.

Episode 1093: Asia and Europe oxo-alcohols brace for weak demand in 2024

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SINGAPORE (ICIS) -- Asia's propylene (C3) market will continue to see weak demand, although potentially curbed run rates in China amid weak margins could lend support. Downstream, China’s propylene oxide (PO) import demand may continue to be adversely impacted by domestic Chinese start-up capacities, while demand in the main downstream polyols sector is unlikely to recover in Q2.  South Korea June-loading C3 volumes likely to increase month on monthDomestic Chinese start-up capacities keep domestic supply lengthy, hamper import demandGlobal PO supply excluding China remains tight, downstream polyols likely muted in Q2In this chemical podcast, ICIS editors Julia Tan and Shannen Ng discuss trends in the Asian C3 and PO markets.

Episode 1175: PODCAST: Weak demand expected for both Asia C3 and downstream PO

LONDON (ICIS)—Synthetic fuels, also known as e-fuels, are derived from renewable electricity, air and water. The power-to-liquid process entails chemical conversion of energy. In this latest podcast, markets editor Nazif Nazmul interviews Paddy Lowe, CEO and founder of the synthetic fuels producing company Zero Petroleum. Synthetic fuels can play a vital role in slashing emissions across the transport sector in the coming years, although the road to scaling up is fraught with obstacles and opportunities. Energy density of synthetic fuels and compatibility with international combustion engine (ICE) vehicles could provide a long-term decarbonisation alternative to electric vehicles (EVs) and biofuelsRail, marine, aviation, agricultural sectors can utilise synthetic fuels alongside road transport Synthetic fuels gaining traction in the aviation industry in the form of e-SAFAchieving cost parity with fossil-based gasoline will still take approximately 10 more yearsLegislative support likely to expedite time needed to achieve economies of scale  Production process reliant on sourcing vast amount of renewable energy 

Episode 1174: PODCAST: Synthetic fuels poised to lead decarbonisation of transport sector - Zero Petroleum CEO Paddy Lowe

Europe’s chemical industry stands to benefit in the long-term from the expansion of wind, solar and other low carbon methods of producing energy.- Growth in renewables means spot electricity prices can turn negative if demand dips- Europe electricity prices higher than pre-war as tied to price of natural gas, now mainly LNG-  Europe has seen significant growth in solar, while wind faces delays due to supply chain issues- Decarbonizing includes reducing emissions from gas plants via carbon capture and storage (CCS) and other technologies- Challenges include grid infrastructure to transport electricity across regions with varying renewable generation- Despite regulatory hurdles, there is political will for grid investment as part of the energy transition

Episode 1173: Think Tank: Decarbonized power sector offers opportunities for Europe chemicals resurgence

SINGAPORE (ICIS) – Asia's polyvinyl chloride (PVC) markets are expected to see some uncertainty in the coming months, with factors like China’s domestic demand, the impact of India’s monsoon and some trade policy changes expected to shape the landscape.June offers from Asian producers awaited next weekSE Asian economies see healthy growth in Q1, expected to support PVC demandLow domestic demand in China encourages exports, especially to IndiaIn this chemical podcast, ICIS editors Jonathan Chou, Damini Dabholkar and analyst Lina Xu discuss recent market conditions with an outlook ahead in Asia.

Episode 1172: PODCAST: APIC '24: Asia PVC shaped by ample supply, impending policy changes in India

SHANGHAI (ICIS)—Asia’s 1,4-butanediol (BDO) market continues to be pressured by oversupply amid slowing demand.With the first peak season in March to April ending, demand in some sectors has started to slow.In this chemical podcast, ICIS Markets Reporter Corey Chew reports from China on market expectations before Enmore’s 14th BDO and downstream derivatives forum.

Episode 1093: Asia and Europe oxo-alcohols brace for weak demand in 2024

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