South Korea imposes provisional anti-dumping duties on Chinese PET resins

31 Jul 2024 The anti-dumping investigation, initiated by the South Korea Trade Commission on 12 January 2024, followed a petition from TK Chemical Co., Ltd., a prominent South Korean company. TK Chemical alleged that Chinese PET resins were being sold at unfairly low prices, harming the local industry.

31 Jul 2024

Oil market fell to two-month lows amid demand concerns

The market has been heavily influenced by concerns over China's economic performance. Despite Chinese leaders' promises to bolster the economy, investors remain skeptical about the impact of potential measures.

31 Jul 2024

Official data: China’s manufacturing activities contracted for the third consecutive month in July

This prolonged contraction is attributed to several factors, including weak domestic demand, extreme weather conditions, and the traditional off-peak production season. These challenges have amplified calls for increased policy support from the government to stimulate economic activity.

31 Jul 2024

Dalian Commodity Exchange: 31 July 2024 (Night trading)

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 31 July 2024 settled as follows:

31 Jul 2024

Dalian Commodity Exchange: 31 July 2024

The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 31 July 2024 settled as follows:

30 Jul 2024

Global oil prices hit seven-week low amid demand concerns

The sentiment in the oil market has been subdued following China’s report of its weakest economic growth in five quarters earlier this month. The nation’s oil import volumes have faltered, as refiners’ return from maintenance has proceeded at a slow pace.