Singapore Sept petrochemical exports fall anew; feedstock risks weigh on outlook
Singapore’s petrochemical exports in September declined by 8.3% year on year to Singapore dollar (S$) 808.7 million ($632 million), with future production facing risks amid prolonged shipping disruptions in the Strait of Hormuz. • Feedstock uncertainty, weak margins threaten Singapore petrochemical sector recovery • Sept overall exports surge 68.4% on robust AI-related electronics demand • ...
Singapore's petrochemical exports in September fell by 8.3% year on year to S$808.7 million ($632 million). The decline is attributed to feedstock risks and weak margins, with the sector facing ongoing challenges. September exports overall surged 68.4%, driven by robust demand for AI-related electronics. The 19th consecutive month of petrochemical export declines began in September, with annual growth last seen in February 2025.
The US-Iran conflict and shipping disruptions in the Strait of Hormuz add to the sector's uncertainties. This decline is expected to continue as feedstock uncertainty and weak margins persist, according to BMI, a Fitch Solutions unit.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.