Gold and silver tumbled on Wednesday, under pressure from a rise in the dollar, following a more hawkish tone from a key Federal Reserve speaker that suggested US rates could increase sooner than many currently expect.
The construction of Sibur’s Amur Gas Chemical Complex (AGCC) may start as early as in September 2020, Chief Executive Officer of Russia’s petrochemical company Mikhail Karisalov told reporters on Wednesday.
The volume of naphtha arbitraged from Europe to the Far East petrochemical production hub has fallen on the strength of Europe’s demand, while chartering activity for October loadings is lackluster as traders face a multi-month high freight cost.
The dividend yield of KOSPI fell from 3.17 percent to 1.76 percent from the middle of March to the middle of this month.
Oil markets were flat to declining for much of 2019, particularly in North America.
Shaanxi Yanchang Petroleum (Group) Co., Ltd., and China Gas Holdings Co., Ltd. have started construction of a propane dehydrogenation plant with a propylene production capacity of 600,000 mt/year in the Taixing Economic Development Zone on China’s eastern-central coastal Jiangsu province.
Fears of a second wave of novel coronavirus infections in the US and uncertainty about another federal stimulus to support the economy sent the stock market lower Monday.
Polybed PSA systems are skid-mounted, modular units complete with hardware, adsorbents, control systems and embedded process technology, enabling quick and efficient installation to reduce cost and downtime.
The slow pace of global oil demand recovery has stalled in recent weeks of weak refining margins, lack of recovery in jet fuel demand, and uncertainties over global economic growth, including the world’s top oil importer, China, the International Energy Agency (IEA), has warned.
Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled.