Asia petrochemicals outlook, w/c June 29

S&P Global Platts | Jun 29, 2020 at 6:59 AM

Asia’s petrochemical markets are likely to monitor closely this week the development in upstream markets, specifically the rangebound international crude oil benchmarks that tango with rising naphtha values, and more importantly the looming likelihood of a second wave of COVID-19 infections.

Futures Rebound From Early Losses Thanks To Old Faithful Overnight Ramp

Zero Hedge | Jun 29, 2020 at 2:00 AM

Yesterday, shortly following the reopen for electronic trading at 6pm, we wrote that futures slumped “in a repeat of last Sunday’s gloomy open” however previewing that this slump “had fully reversed overnight with futures nice and green by morning” and sure enough the magical overnight ramp emerged once again, with Eminis reversing all early losses and trading near session highs at 3,016 at last check, with the dollar turning red and 10Y yield higher on the day even as the yield on 5Y Treasurys hovered near a record low.