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On May 23, it was reported that India, the worlds third-largest consumer of liquefied petroleum gas (LPG), is currently facing an LPG supply gap of approximately 400,000 barrels per day (compared to pre-war levels), with domestic production unable to compensate for the decline in imports caused by the war with Iran. Data from energy data analytics firm Kpler shows that Indias LPG imports in April were 377,620 barrels per day, less than half of the 851,870 barrels per day imported in February. In April, Indias domestic production increased to 530,000 barrels per day, an increase of approximately 75,000 barrels per day from the previous month. Sumit Ritolia, chief refining and supply analyst at Kpler, stated that the situation is more serious because Indias domestic LPG production is nearing full capacity, meaning that the supply gap could persist as long as imports do not fully recover. A black market seller stated, "Due to soaring costs, we noticed a slight slowdown in customer demand in April. But people have no choice, as switching to other fuels is not easy."On May 23, it was reported that from January to April 2026, 20,113 new foreign-invested enterprises were established nationwide, a year-on-year increase of 6.8%; actual use of foreign capital amounted to RMB 287.69 billion, a year-on-year decrease of 10.3%. By industry, actual use of foreign capital in manufacturing was RMB 78.88 billion, and in services RMB 204.15 billion. Actual use of foreign capital in high-tech industries reached RMB 116.33 billion, a year-on-year increase of 20.3%, accounting for 40.4% of the total actual use of foreign capital nationwide, an increase of 10.3 percentage points compared to the same period last year. Among them, actual use of foreign capital in R&D and design services, computer and office equipment manufacturing, and electronic and communication equipment manufacturing increased by 108.4%, 22.9%, and 20.2%, respectively.On May 23, Minister of Commerce Wang Wentao met with Lao Minister of Industry and Commerce, Maraitshong, in Suzhou on May 21. The two sides were in China to attend the RCEP and CPTPP member dialogue. They exchanged in-depth views on further promoting China-Laos economic and trade relations, deepening cooperation in green minerals, promoting trade and investment in the new energy sector, and jointly safeguarding the multilateral trading system. Wang Wentao stated that in recent years, under the strategic guidance of the leaders of both countries, China-Laos economic and trade cooperation has yielded fruitful results. The Ministry of Commerce of China is willing to work with the Ministry of Industry and Commerce of Laos to take the 65th anniversary of the establishment of diplomatic relations between China and Laos as an opportunity to further promote bilateral trade development and investment cooperation in various fields, and to continuously elevate bilateral economic and trade relations to new heights.On May 23, Futu Holdings announced that as of May 23, 2026, the company had repurchased approximately US$160 million worth of American Depositary Shares (representing Class A ordinary shares of the company) under the share repurchase program announced on November 18, 2025. Depending on market conditions, the company may continue to execute repurchases from time to time under the existing share repurchase program.The Shenzhou-23 astronaut crew will undertake more than 100 new scientific and applied projects during their time in orbit.

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

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Silver fell during Thursday's trading session, but it recovered after the European Central Bank raised interest rates, which placed downward pressure on the US dollar. I believe it is only a matter of time until sellers re-enter the market and force this commodity lower since this is a market that continues to witness a lot of noisy activity. However, there are many grounds to believe that silver's value will decline below that of the dollar.

 

Silver's demand is expected to remain weak due to low consumer demand. At this point, I believe it is best to "fade the rise," since it will likely be just a matter of time until sellers re-enter the market. We're probably going to break up soon, and the $20 level above should provide a lot of resistance on the way up.

 

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It's conceivable that sellers will enter the market even if we break over the $20 level, and then the 50 Day EMA will come into play. The 50-day moving average (MA) is currently at $20.73, and it's falling. In the end, I believe that many individuals will rush into this market as soon as it shows indications of tiredness. If the price drops below the hammer's base, it would be reasonable to assume that the $15 support level will be quickly breached.


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