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economy

Oil prices held near a two-week low as market awaited key data
13 Nov 2024 International crude oil benchmarks ended Tuesday, November 12, 2024, near two-week lows as traders largely exited the market to digest OPEC's latest downward revision of demand growth projections and await further data.
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13 Nov 2024

economy

Freightos: Weekly Ocean Freight Index Update

The US National Retail Federation (NRF) has raised its forecast for ocean import volumes through the end of the year, signalling a significant uptick in activity at US ports. According to the updated outlook, the NRF now anticipates a 13% year-over-year increase
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13 Nov 2024

economy

Dalian Commodity Exchange: 13 November 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 13 November 2024 settled as follows:
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12 Nov 2024

economy

Oil fell nearly 3% on disappointing China stimulus, strong dollar

This decline was driven by China’s recent economic stimulus measures, which failed to boost confidence in the demand outlook, alongside the US dollar reaching a one-year high.
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12 Nov 2024

economy

Iran plans scheduled power cuts to tackle pollution; potential impact on petrochemical sector under review

The implications of Iran's planned power cuts may resonate beyond its borders, especially in the global petrochemical market. As a major supplier of PE to China, Iran plays a pivotal role in China's polymer industry.
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12 Nov 2024

economy

Dalian Commodity Exchange: 12 November 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 12 November 2024 settled as follows:
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11 Nov 2024

economy

Oil fell more than 2% amid disappointing Chinese stimulus; hurricane fears subsided

At the same time, oil investors were disappointed by China’s latest fiscal intervention, which aimed primarily at alleviating local government debt rather than boosting immediate consumption
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11 Nov 2024

economy

Media: Malaysia’s Lotte Chemical Titan reported the tenth consecutive quarter of losses amid industry headwinds

The heightened losses have been attributed to several key issues: significant inventory write-downs, increased associate losses from Lotte Chemical USA Corp due to a maintenance shutdown, and deepening foreign exchange losses.
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