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
J.P Morgan: Gold is Safer!
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.…
Global stock markets lost 1.9 trillion dollars of the investor’s money!
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…
Gamble of currency investors due the European currency devaluation!
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.