Key Highlights from Market Movers in Asia: March 18-22, 2024

Monday, 18 March 2024, 02:45

This week, China's leading oil and gas companies have unveiled their production targets for 2024, setting the tone for the energy sector. The steel market faces bearish sentiment as production outlooks remain uncertain. In addition, demand for Asian thermal coal has weakened while the Indian rice market is eagerly anticipating clarity on export duties. Overall, these developments signal potential shifts in key commodities and Asian markets.

Market Movers Asia March 18-22

This week in Asia, we saw significant movements in key markets that are likely to impact the global economy. Here are the key highlights:

China's Oil and Gas Giants Announce 2024 Production Targets

China's leading oil and gas companies have revealed their production targets for 2024, providing insight into the future of the energy sector.

Steel Production Bearish

The steel market is facing a bearish outlook as uncertainties in production continue to linger, affecting market sentiment.

Asian Thermal Coal Demand Weakens

The demand for Asian thermal coal has weakened, reflecting shifting dynamics in the energy market.

Indian Rice Market Seeks Clarity on Export Duty

The Indian rice market is awaiting clarity on export duties, which could influence trading patterns and market dynamics.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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