28 May 2024
Reduced demand from South Korean petchem producers has kept spot naphtha prices in Asia below the $700/ton threshold throughout May.
The industry’s dependence on US propane has been complicated by crises in the Panama and Suez canals, increasing freight costs and limiting supply access.
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 28 May 2024 settled as follows:
27 May 2024
Bullish expectations over the summer demand in the US drove the market higher, however, traders are obviously anxious about the FED’s interest rate decision.
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 27 May 2024 settled as follows:
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