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SCG chemicals' Vietnam unit resumes full operations
HANOI, Aug 20 (Reuters) - Vietnam's Long Son Petrochemicals, a unit of Thailand's SCG Chemicals, has resumed full operations following a suspension from November last year, it said on Wednesday.The resumption of operations at the $5.4-billion complex in southern Vietnam came after an improve...Reuters
Wed, Aug 20
METALS-Aluminium hits over two-week low as US widens 50% tariff
By Amy Lv and Lewis Jackson BEIJING, Aug 20 (Reuters) - Aluminium wobbled on Wednesday after touching their lowest level in more than two weeks after the United States widened the 50% import tariff to the metal-made products, although hopes of seasonally improving demand in top consumer China cur...Reuters
Wed, Aug 20
TABLE-UAE's Fujairah oil inventory data for week ended August 18
Aug 20 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended August 18, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fro...Reuters
Wed, Aug 20
Trafigura-led consortium aims to finalise US loan deal by end-2025
Talks 'going in the right direction', CEO saysRail upgrade key to clean energy mineral logisticsConsortium targets 1.5 million tons annual volumes By Nelson Banya Aug 20 (Reuters) - Lobito Atlantic Railway (LAR) aims to finalise by the end of this year a $533 million loan deal with the U....Reuters
Wed, Aug 20
“America First” on Steroids — 50% Tariffs Now Hit 407 Steel and Aluminum Products, But Who Will Pay the Price?
TradingKey - On August 19 (local time), the U.S. Department of Commerce announced the expansion of its steel and aluminum tariffs to 407 new product categories, imposing a 50% tariff rate on items including wind turbines, mobile cranes, railway vehicles, furniture, compressors
TradingKey
Wed, Aug 20
Turkey's Karpowership to supply Iraq with up to 590 MW of electricity
ISTANBUL, Aug 20 (Reuters) - Floating power plant operator Karpowership has signed a deal to provide Iraq with up to 590 megawatts of electricity to stabilise its national grid, the Turkish company said on Wednesday.A member of the Organization of the Petroleum Exporting Countries and one of the wor...Reuters
Wed, Aug 20
TECHNICALS-CBOT soybeans may retest support at $10.30-3/4
For more technical analyses, please click SINGAPORE, Aug 20 (Reuters) - The CBOT soybean November contract SX25 may retest support at $10.30-3/4 per bushel, a break below which could be followed by a drop to $10.25-1/2.A wave c from $10.47-3/4 looks incomplete. It is supposed to travel to $10.25-1/2...Reuters
Wed, Aug 20
GRAINS-Soybean futures rise after two-day slide; China demand still lags
BEIJING, Aug 20 (Reuters) - Chicago soybean futures rose slightly on Wednesday after two sessions of losses, as traders monitored results from the annual crop tour, though weak Chinese demand continued to weigh on sentiment.The most active soybean contract on the Chicago Board of Trade (CBOT) Sv1 wa...Reuters
Wed, Aug 20
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $62.14 per barrel, up from Tuesday’s close at $61.95.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.60 price posted on Tuesday, and trading at $65.80.Fxstreet
Wed, Aug 20
COLUMN-Oil price smile could leave traders in tears: Bousso
IEA, EIA forecast large supply overhang in coming quartersYet future Brent oil price do not reflect the need to store oilGeopolitical tensions blur the outlook for supply and demandBy Ron Bousso LONDON, Aug 20 (Reuters) - A glaring mismatch between benchmark oil prices and expectations of a loomi...Reuters
Wed, Aug 20
Putin, Modi to meet in Delhi by end of year, Russian embassy official says
NEW DELHI, Aug 20 (Reuters) - Russian President Vladimir Putin and India's Narendra Modi will meet in New Delhi by the end of year, but no dates have been finalised yet, a Russian embassy official in India said on Wednesday.Reuters
Wed, Aug 20
Gold hits three-week low as USD steadies and Russia-Ukraine peace hopes rise
Gold (XAU/USD) hits a nearly three-week low during the Asian session on Wednesday, with the bears now awaiting a sustained break below the 100-day Simple Moving Average (SMA) before positioning for further losses.
Fxstreet
Wed, Aug 20
South Korean petrochemical companies to cut capacity, restructure, government says
South Korea's petrochemical sector to cut capacity to boost efficiencyGovernment to ease regulations, offer financial support for restructuringGlobal petrochemical margins unlikely to recover before 2027, analysts saySEOUL, Aug 20 (Reuters) - Ten South Korean petrochemical companies have agreed ...Reuters
Wed, Aug 20
TotalEnergies Texas refinery begins small crude unit overhaul, sources say
By Erwin SebaHOUSTON, Aug 19 (Reuters) - TotalEnergies TTEF.PA began a planned 60-day overhaul on the small crude distillation unit (CDU), along with a reformer and hydrotreaters at its 238,000 barrel-per-day Port Arthur, Texas refinery, people familiar with plant operations said on Tuesday.The 35,0...Reuters
Wed, Aug 20
METALS-Aluminium hits over two-week low as US widens 50% tariff
BEIJING, Aug 20 (Reuters) - Aluminium extended its fall on Wednesday to hit its lowest level in more than two weeks, after the United States widened the 50% import tariff on the metal and its products.The most-traded aluminium contract on the Shanghai Futures Exchange slid 0.44% to 20,500 yuan per m...Reuters
Wed, Aug 20
PRESS DIGEST-British Business - August 20
Aug 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- The UK government has approved the sale of a British chipmaker, Plessey Semiconductors to a London fund called Ha...Reuters
Wed, Aug 20
Oil prices rise after supply concerns resurface as Ukraine peace talks stall
BEIJING, Aug 20 (Reuters) - Oil prices rose on Wednesday as supply concerns are resurfacing while peace talks ending Russia's invasion of Ukraine are likely to take longer, leaving in place sanctions on Russian crude and raising the chance of further restrictions on its buyers.Reuters
Wed, Aug 20
