Daily Chemical News Recommendation (Aug 8, 2018)

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>> China adds US LNG to list of products for potential 25% import tariff

Houston —China rattled investors in the US LNG export sector when it said Friday it may impose 25% tariffs on American cargoes if President Donald Trump follows through on his threat to escalate the trade dispute with Beijing that he initiated.

Chinese demand figures to underpin a substantial chunk of the expected US export capacity growth over the next decade, as the country is forecast to soon overtake Japan as the world's biggest LNG importer. [More]

 >> European styrene surges to two-month high amid 'production issue'

London — European styrene spot prices soared to a two-month high Thursday, according to S&P Global Platts data, on the back of a production issue.

The 5-30 day forward styrene spot price was assessed at $1,371/mt FOB ARA Thursday, up $53/mt day on day, and a two-month high. 

Sources said there was a production issue though no details could be fully corroborated by Platts.[More]