Daily Chemical News Recommendation (May 30, 2018)

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>> Shandong MTBE Market Underperformed from May 25

According to SCI’s statistics, the MTBE prices in Shandong kept rising from March and reached RMB 6,650/mt in H2 March. However, the MTBE market obviously weakened from May 25, due to the great increase in the MTBE supply.

On the one hand, the international crude oil prices greatly increased. Therein, the Brent crude oil futures prices were close to $80/bbl. [More]

>> Trade Conflict "On Hold" Benefits LNG and Ethanol Trade Flows

After a six-day negotiation, China and the U.S. have reached a consensus on the recent trade conflict between the two world-top powerhouse countries. Quoting U.S. Treasury Secretary Steven Mnuchin, “We are putting the trade war on hold.”

In the joint announcement, China agreed to increase the purchase of American products and make it easier for U.S. companies to operate in China. [More]