Asian Markets are trading mixed as investors watch the US-China talks in Spain. Nikkei and Hang Seng are both trading positively by 0.89% and 0.16%, respectively, whereas Shanghai is trading negatively by 0.06%.

MARKET SNAPSHOT

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The month of August, like the month gone by, continued to be volatile as ever. From our coverage universe, Methanol registered the highest price spurt of 14% MoM. This has been on the back of a recent US clamp down on Iran origin imports. This has led to a supply shortage in the West, while the capacities run in full swing. The prices for methanol are expected to stay elevated in the near term, even as the demand stays lackluster. Indian players (except the ones sanctioned due to Iran origin) stand on solid ground as Chinese excessive supply has led to Chinese Methanol prices melting. TDI prices, which had declined by...

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Asian markets are trading higher, mirroring overnight gains on Wall Street. Global Equities have been rallying as easing inflation pressures and expectations for U.S. rate cuts, lifting investor sentiment. Nikkei, Hang Seng and Shanghai are trading higher by 0.54%, 1.60% and 0.20%, respectively.

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END OF DAY SUMMARY

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