Asian petrochemicals markets on a roll as China's economy rebounds – ICIS

Asian petrochemicals markets on a roll as China’s economy rebounds Author: Felicia Loo 2020/10/23 SINGAPORE (ICIS)–Asian petrochemicals markets are on a roll this week, with demand rising and exceeding supply, as Chinaࢀ™s economy continues to improve post-holidays (1-8 October) after staging the fastest recovery from Covid-19 as compared to other major economies. Reflecting a stronger Chinese economy , the central bank kept its benchmark lending rate stable for the sixth straight month; the one-year loan prime rate (LPR) and the five-year LPR remained at 3.85% and 4.65%, respectively. Chinaࢀ™s industrial outputs increased by 6.9% on year in September, faster from…