11:30 PM @ 14/12/2022
With the impact of the Russia-Ukraine war on commodity markets softening as the new year knocks and several countries aiming to raise production, Asian thermal coal prices are expected to see a reasonable correction in 2023 given that supply concerns will likely take a back seat.SEE MORE10:10 PM @ 14/12/2022
Chinese magnesium prices fell below the key Yuan 22,000/mt ($3,185/mt) mark in the week that started Dec. 12 to reach a six-month low, as the economic slump weighed on both local and global demand, leading to oversupply in the Chinese domestic market, industry sources said Dec. 13.SEE MORE09:48 PM @ 14/12/2022
Russia can be expected to cut its oil production in response to the Western price cap, which will create shortages on the global market and lead to a significant price hike, Mamdouh Salameh, an international energy economist and visiting professor of energy economics at the ESCP Europe Business School in London, told Sputnik.SEE MORE09:46 PM @ 14/12/2022
Russia's crude oil exports to India have increased 14-fold and doubled to China since the start of the Ukraine conflict, with Russia finding new buyers to compensate for the void left by European buyers, according to data compiled by Anadolu Agency from real-time energy cargo tracker Vortexa.SEE MORE04:38 PM @ 14/12/2022
Germany’s chemical producers’ trade group VCI remains sceptical as the EU on Tuesday announced a provisional agreement on the carbon border adjustment mechanism (CBAM).SEE MORE
