China's power crisis may contribute to NODX slowdown in 2022

Meanwhile, the demand for petrochemical exports benefitted from this same crisis.

According to a report by OCBC Treasury Research, China’s current power crisis is expected to disrupt supply chain production. These supply chain bottlenecks are expected to persist for the next two to three quarters. 

The same crisis is also one of the reasons for the higher demand for Singapore’s petrochemical exports. Due to the current conservation of power and fuel sources in China for the winter, OCBC believes that the demand for petrochemical products is likely to shift toward Singapore’s oil refinery hubs.

OCBC and UOB’s research reports, meanwhile, point to the continued demand for electronics as the reason for the consistent performance of exports.

More specifically, integrated circuits played a big part in the performance. A year-on-year (YoY) improvement in September’s 12.3% expansion can be seen when compared to August’s NODX performance of 2.7% YoY. Electronics grew 14.4% YoY, with PCs, and diodes and transistors following suit with 45.4% and 23% YoY, respectively. 

Non-electronics, meanwhile, were held up by pharmaceutical exports as they recorded a 27.3% YoY growth.

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.