Shin-Etsu Chemical says ethylene prices are surging and facing supply restrictions from suppliers
Shin-Etsu Chemical's indication of surging ethylene prices alongside supply restrictions suggests a tightening in the market, likely driven by demand outpacing supply.
Iraq's Oil Minister says they are working to rehabilitate the pipeline linking the Kirkuk oilfields to the primary export line to Ceyhan
Iran's Foreign Ministry Spokesperson Baghaei says parties not involved in the war have had vessels pass through Hormuz with coordination and permission from Iran's military. The Strait of Hormuz is only closed to the enemies of Iran.
Shin-Etsu Chemical says ethylene prices are surging and facing supply restrictions from suppliers
The Israeli army announces a massive attack wave in Tehran, Shiraz and Tabriz simultaneously
[MARKET ANALYSTS] DXY subdued, G10s tilt higher, Antipodeans outperform ahead of expected RBA hike
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This could lead to upward pressure on not just ethylene but also related products in the chemical sector. Traders should consider the implications for price dynamics in energy and power markets, as well as possible inflationary effects.
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