Spot prices for liquefied natural gas (LNG) in Asia surged more than 20 per cent in a week as demand picked up in China and South Korea, the main importers, and buyers cancelled US LNG shipments. Several traders told Reuters that spot prices for several batches of LNG fluctuated between $2.40 and $2.65 per million

Boosted by the decline of US crude oil inventory and the record low level of Iran’s export, Saudi Arabia, the main producer of production reduction, is also earnestly implementing its production reduction commitment. It has reduced its supply to the Asian market at present, and the record production reduction agreement is giving the market a

On the supply side, OPEC + will jointly reduce production by 9.7 million barrels / day from May 1, according to the previous production reduction agreement reached between OPEC and non OPEC oil producing countries. At present, based on the agreement constraints and the demand of passive production reduction, the supply will tend to be

Recently, the global listed coating companies have disclosed the first quarter report, and mentioned the “new coronavirus pneumonia epidemic” in the quarterly report at the same time. Due to the negative impact of the epidemic, the performance of several coating giants in the first quarter of this year has been affected to varying degrees, and

Recently, one disaster after another novel coronavirus pneumonia and the international oil price collapse were also hit by the two major conflicts, the Middle East and North Africa, which had been in conflict and economic turmoil. At present, novel coronavirus pneumonia cases in the Middle East have been diagnosed in 200 thousand cases, and the

In April, the polyethylene market experienced a sharp rise and fall, crazy interpretation of the roller coaster market. In the early ten days, affected by the global epidemic, the demand for medical materials was urgent, while crude oil and futures strongly promoted, polypropylene fiber material took the lead in opening the crazy mode. The polyethylene

The West Texas Intermediate (WTI) price drop is not reflective of the oil and gas industry worldwide but is very specifically driven by the production and demand imbalance in the United States. That’s what Aberdeen-based Derek Leith，EY’ s Global Lead for 0il and Gas Tax，said in a statement sent to Rigzone on Tuesday. “Most of

According to a recent report released by Moody’s Investors Service, a credit rating agency, the average EBITDA of chemical enterprises is expected to decline by more than 10% in 2020 due to the deterioration of the economic outlook. Moody’s predicted that the GDP of the United States and the euro area would decline, and the

The Western epidemic continues to expand, and the demand for medical supplies is also increasing. The price of high melting fiber materials continues to skyrocket, attracting a number of refining and chemical enterprises to convert to fiber materials. Driven by other products of polypropylene, the price is even higher than the sky. Due to the

Since the launch of soda ash, inventories have been accumulating and prices have fallen. From the supply side, there is a slight overcapacity. After the Spring Festival, with the resumption of soda ash enterprises, the supply exceeds the demand. From the demand side analysis, it is difficult to improve the output of the downstream glass