Dalian Commodity Exchange: 07 November 2024

07 Nov 2024 The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 07 November 2024 settled as follows:

06 Nov 2024

Oil prices edged higher as storm Rafael threatened US supply disruption

Industry experts have warned that the storm could potentially reduce oil output by as much as 4 million barrels, adding to ongoing supply uncertainties. Furthermore, the depreciation of the US dollar against other major currencies made oil more affordable in international markets.

06 Nov 2024

Dalian Commodity Exchange: 06 November 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 06 November 2024 settled as follows:

05 Nov 2024

Update: India issues preliminary anti-dumping findings on PVC imports from seven countries

The petitioners argued that the flood of imported PVC, particularly suspension-grade products, threatened local market stability and profitability, necessitating protective tariffs.

05 Nov 2024

Oil prices surged nearly 3% following OPEC+ production hike delay

OPEC+ stated over the weekend that its 2.2 million bpd production cut, initially postponed from October to bolster prices and address weakening demand, will now extend through December.

05 Nov 2024

OPEC+ postpones output hike amid unfavorable demand-supply conditions

The planned OPEC+ increase in oil output, originally scheduled for December 1, has been postponed as concerns mount over global market instability, which could exacerbate the anticipated decline in prices after the production hike.