Episode 1406: Think Tank: Asia chemicals see more competition from low cost producers in China, US
Update: 2025-11-10
Description
Chemical markets across Asia are seeing more trade flows from low cost producers such as China and the US as competition grows amid rising overcapacity.- Asia downstream markets not expected to recover until 2027/8- Low cost producers such as US, China, competing for market share- US tariffs, sanctions disrupting regional chemical markets- Moves in China, South Korea, Japan to close uncompetitive plants may help rebalance markets- China producers are exporting to other regions, such as Latin America- New China acetic acid plants add 10% to capacity in 2025- Downstream demand growth not keeping pace- Since the podcast was recorded on 3 November, a major plant has shut, driving up demand for imports into India, potentially widening arbitrage for Atlantic spot trades - In China, retirement of older acetic acid plants unlikely to offset capacity addition in near future
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