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The increased demand for gas for heating homes in China against the backdrop of cold weather has led to an increase in the price of liquefied natural gas in the country over the past 2 weeks. The air temperature in Beijing from December 4 to December 14 has dropped below the average level for this time of year in the last 30 years. According to weather forecasters, a further cooling in the country is expected in late December and early January. The data of the Shanghai Stock Exchange showed that the selling price of LNG rose by 26% and reached 5,247 yuan per ton. This is the maximum value since February 14 of this year. The supply-demand ratio in the Chinese market affects freely varying LNG prices.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy