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April PX ACP fails to settle

31 March 2020 - 19:45
Negotiations for the April paraxylene (PX) Asia Contract Price (ACP) have failed to settle because of a wide bid-offer gap amid the current volatile market situation.

JG Summit shuts Batangas cracker after power failure

31 March 2020 - 19:42
Philippine petrochemical producer JG Summit has shut its 480,000 t/yr cracker in Batangas following a power outage yesterday.

Commerzbank: ETF holdings of gold rise but fall for platinum

31 March 2020 - 20:24
Exchange-traded-fund holdings of platinum have fallen sharply this month, while holdings of gold keep rising, Commerzbank said. After big inflows last week, holdings in gold ETFs tracked by Bloomberg increased by another 16 metric tons Monday, putting them above 90 million ounces or over 2,800 tons for the first time, the bank pointed out.

MIIT actively working on introducing stimulus policies to boost automobile consumption in China

31 March 2020 - 20:20
Ministry of Industry and Information Technology (MIIT) is actively cooperating with relevant ministries and commissions to study policies and suggestions for boosting and stabilising automobile consumption in China. Such was the statement of Xin Guobin, Deputy Minister of MIIT at a press conference during China’s Manufacturing Industry Resumption Meeting on Monday, March 30.

Coronavirus: Hydro cuts production at several extrusion sites

31 March 2020 - 20:18
Hydro said the Coronavirus situation continues to weigh on the company’s markets and operations. This affects production at several extrusion sites, mainly in Europe. Around 35 percent of the sites running at reduced levels and around 20 percent either closed or running at very low levels.

Indian polymer demand continues to fall amid lockdown

31 March 2020 - 20:11
Indian polymer demand is continuing to fall as the country approaches its second week of a 21-day lockdown to stem its coronavirus outbreak.

China’s polymer futures test new lows

31 March 2020 - 20:09
Polymer futures on China's Dalian Commodity Exchange (DCE) rebounded slightly today after hitting fresh 16-year lows yesterday, hit by the global spread of the coronavirus and slumping crude prices.

Queensland tightens FIFO mine worker movements

31 March 2020 - 20:07
The Queensland state government has tightened the number of mine workers travelling from Australia's other states to only those critical to operations to combat the spread of the coronavirus outbreak.

China’s PMIs rebound on returning March demand

31 March 2020 - 20:05
China's steel sector purchasing managers index (PMI) rose in March, as steel demand resumed with more production restarts with the country's coronavirus outbreak deemed to be under control.

India’s BPCL cuts petchem refinery rates on lockdown

31 March 2020 - 20:02
India's state-controlled Bharat Petroleum (BPCL) has reduced operating rates at its refinery-linked petrochemical units in Kochi and Mumbai because of the nationwide lockdown imposed to curb the spread of coronavirus.
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