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economy

Iran plans scheduled power cuts to tackle pollution; potential impact on petrochemical sector under review
12 Nov 2024 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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11 Nov 2024

economy

Dalian Commodity Exchange: 11 November 2024

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

economy

Dalian Commodity Exchange: 08 November 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 08 November 2024 settled as follows:
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07 Nov 2024

economy

Oil prices edged lower on stronger US dollar, rise in US commercial stocks

A stronger dollar typically renders dollar-denominated commodities like oil more expensive for holders of other currencies, dampening global demand and exerting downward pressure on prices.
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07 Nov 2024

economy

Freightos: Weekly Ocean Freight Index Update

Early market indicators suggest a potential rise in freight demand as US importers accelerate shipments ahead of any prospective tariff increases. Although no immediate policy changes have been enacted, the mere anticipation of tariffs
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