Asian Commodity Weekly Insights

The Iran–Oman Hormuz shipping agreement turns the tide late in the week, yet averages still print eight of nine higher: ethylene +8.4%, methanol +7.3% while the structural tape runs wide: a $14.5 bn electronic-materials merger collapses, Equinor locks ORLEN into Norwegian crude, Niger launches a $1.9 bn refinery, and BASF spends €100 m to get off Rhine barges.