US caustic soda spot export prices return to pre-Hurricane Harvey level

Lengthening supply in the US Gulf has pushed US liquid caustic sodaspot export prices down to pre-Hurricane Harvey levels for the first time since the hurricane blew across the Texas Gulf coast.

Ministries cut petrol prices

The retail price of biofuel E5 RON 92 fell by VNĐ224 to a maximum of VNĐ20,682 (US$0.88) per litre at 3pm on Monday, the ministries of Industry and Trade and Finance announced.

VND to depreciate by 3% at most in 2018

The Vietnamese dong will not depreciate much against the US dollar in the second half of this year, so the whole year’s slide will be 3 per cent at the most, the Bao Viet Securities Company (BVSC) has forecast.

Rubber producers seek to avoid damage from US-China trade war

Rubber producers must develop specific risk management strategies, which cover market risks and product legality, in order to avoid getting hurt by the current US-China trade tensions, according to To Xuan Phuc, a senior policy analyst from Forest Trends.

Reach meeting next week to debate fate of Europe’s lead battery manufacturing industry

A meeting in Brussels next week will discuss whether four chemical compounds irreplaceable in the production of lead batteries should be banned, effectively spelling the end for the technology in the region.

Oil rises above $80, Saudi Arabia plans output increase

Oil edged above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies.

BASF, Nornickel join forces in electric vehicle battery push

Germany’s BASF and Russia’s Norilsk Nickel (Nornickel) have signed a nickel and cobalt supply deal to address growing demand for batteries to power electric vehicles, they said on Monday.
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