Mono ethylene glycol (MEG) and polyethylene (PE) spot prices ramped up because of the attacks to 2 Saudi Aramco’s oil facilities on September 14th 2019. Plastics News Europe wrote that the spot rate of MEG and PE bounced significantly in Asian markets according to Wood Mackenzie (energy research & consultancy organization). Saudi Arabia produces 7,800,000…
Sulfur in East Recently sulfur production (sour gas) in the Middle East has been improving and strengthening. Several new mega-scale sour gas plants have started to work in the Middle East and several projects are underway, making the region take over from North America and becoming well-known as the first sulfur producer area worldwide! Saudi…
خلاصه جامع: قیمت گوگرد برای ده ماه متوالی روند نزولی داشته و به نسبت اواخر اکتبر 47 الی 52 درصد کاهش داشته است. احتمال اصلاح قیمت ها بعید به نظر می رسد. برخی از فعالان بازار انتظار دارند که تا اواخر سه ماهه ی سوم قیمت گوگرد بر پایه ی سی اف آر چین به…
According to J.P. Morgan Private Bank, #US_dollar could be vulnerable to a loss of value relative to a more diversified basket of #currencies like gold. Investigating the clients’ portfolios shows that most of them poses far more US dollars exposure than we feel is prudent. They recommend placing a higher weighting on other G10 currencies.…
Last week #global_stock_markets lost 1.9 trillion dollars of the investor’s money which is equal with Canada economy! News show the weak economy in Europe and also #China in July (China’s industrial production growth: +4.8%, the lowest from 2002) and the fall of US bond rates. Both of these issues made the situation proper for the…
According to U.S. Commodity Futures Trading Commission (CFTC), net #Euro shorts grew by $353 million dollar last week and are likely to remain in vogue ahead of the # ECB’s monetary policy meeting in September.
China is the major importer and consumer of sulphur worldwide. In 2016, China consumption of sulphur fertilizer and sulphur in other sectors was over a quarter of global demand which was about 27%. China took 11.96 Mt of elemental sulphur on 2016 – significantly more than the 6.09 MT which was taken by the US…
