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

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.