Oil settled lower as strong US dollar outweighed optimism over China’s stimulus

27 Dec 2024 The Chinese government unveiled a fiscal stimulus package valued at 3 trillion yuan ($411 billion), funded through the issuance of special treasury bonds. This initiative is part of a broader strategy to enhance fiscal support and drive economic recovery in 2025.

27 Dec 2024

Freightos: Weekly Ocean Freight Index Update

Freight rates on the transpacific route have risen sharply by 15% since the start of the month, a surge industry insiders attribute to accelerated shipments to the United States ahead of anticipated import tariffs. This rush to stockpile goods may have been further fuelled by recent remarks from the president-elect, hinting at potential geopolitical tensions involving the Panama Canal.

26 Dec 2024

Update: India postponed the BIS mandate on PP and PVC for six more months

The ongoing efforts to implement the mandate for PP and PVC reflect the thorough processes required to ensure full adherence to the rigorous standards established by the Bureau of Indian Standards (BIS).

26 Dec 2024

Dalian Commodity Exchange: 26 December 2024

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 26 December 2024 settled as follows:

25 Dec 2024

Holiday Notice

As the year comes to a close, we would like to express our heartfelt gratitude for your trust and partnership. Your support has been integral to our success, and we are truly thankful for the opportunity to serve you.