The Chinese government slapped temporary anti-dumping duties on South Korean and Japanese nitrile butadiene rubber (NBR), a component that goes into a range of products from automotive parts to laboratory gloves, further exacerbating Korean exporters caught in the crossfire of ongoing trade war between the world’s two largest economies.
TOKYO (Reuters) - Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction.
TOKYO (Reuters) - The dollar slightly gained against its major peers on Tuesday, as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony for any clues on the pace of U.S. interest rate rises.
TOKYO (Reuters) - Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar was on the defensive ahead of Federal Reserve Chairman Jerome Powell’s first congressional testimony.
TOKYO (Reuters) - Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days.
The government plans to reduce rubber plantation area this year as a continuation of its efforts to raise domestic rubber prices.