en.Wedoany.com Reported - Demand for C12 lauric acid in Asia is expected to recover, driven by restocking for the third quarter, as market participants actively prepare for the official implementation of the EU Deforestation Regulation (EUDR).
India's recycled plastics industry has entered a new growth phase, with mandatory recycled content regulations accelerating investment, boosting application adoption, and strengthening demand for recycled polyethylene terephthalate (rPET).
Weighed down by seasonal demand weakness and macroeconomic headwinds from geopolitical volatility in the Middle East, Asia's diphenylmethane diisocyanate (MDI) and toluene diisocyanate (TDI) markets face pressure in the third quarter, with a structural oversupply persisting.
Asian factory output continued to grow in June, though at a slower pace than in the early stages of the Middle East conflict; meanwhile, inflationary pressures showed signs of easing as supply recovered.
Lubricant manufacturer BP Castrol's Asia-Pacific Technical Director Charlotte Kehoe stated that Vietnam is emerging as a leader in vehicle electrification, with government policies driving green mobility initiatives and low-emission zone development.
India's polymer industry still boasts one of the strongest demand growth prospects globally, but rising Chinese exports, global oversupply, the growing adoption of recycled polymers, and recurring supply disruptions are reshaping the market landscape, increasing pressure on domestic producers.
South Korea's petrochemical exports in June rose 18.8% year-on-year to $4.07 billion, but export volumes fell 14.6% due to prioritizing domestic supply.
China's customs data for May shows that the impact of the US-Iran conflict on Sinopec's feedstock imports is becoming increasingly divergent, with the Middle East conflict reshaping China's petrochemical feedstock import landscape.
The economics of China's methanol-to-olefins (MTO) process have long served as a core reference point for global methanol pricing; this anchor remains important, but the latest Middle East crisis has added a new dimension to the pricing equation.
Since the signing of the US-Iran interim peace agreement on June 17, petrochemical trade negotiations between Asia and the Middle East have resumed and increased, Middle East crackers have stabilized, and Asian naphtha supply is temporarily sufficient.
