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The main paraxylene (PX) contract rose more than 2.00% intraday, currently trading at 8,996 yuan/ton.On June 3rd, at a regular press conference held by the Taiwan Affairs Office of the State Council, we noted that Nvidia founder Jensen Huang recently stated that Taiwan needs more electricity, leading to concerns within Taiwan about the islands power supply shortage. The Democratic Progressive Party (DPP) has consistently avoided addressing the vital energy issue that is crucial to the industrys survival. What is your comment on this? Spokesperson Zhu Fenglian of the Taiwan Affairs Office stated that the DPP authorities are single-mindedly pursuing "Taiwan independence" and have neither the will nor the ability to solve the structural problems facing the islands economic and social development. Power shortages have become a Achilles heel of Taiwans economic and social development, a fact that is evident to all. The DPP authorities have highly politicized the energy issue, not addressing it directly but using it as a tool for partisan suppression and attacking opponents, revealing their self-serving nature and disregard for the interests, well-being, and future development of the Taiwanese people.On June 3rd, Pan Chunsheng, Vice President of the China Association for Public Companies, stated at the 2026 China Social Responsibility Investment Summit Forum that despite the uncertainties brought about by policy differences, the underlying logic of sustainable development remains unchanged, and fundamental issues such as climate risk, supply chain security, and social equity will only become more urgent. He advised listed companies to maintain strategic focus and not easily change their direction in the face of short-term fluctuations in the external environment or temporary policy adjustments. Regarding the significant differences in disclosure requirements faced by companies going global in different markets, he suggested that listed companies gradually build cross-standard management capabilities and make adequate preparations in advance for different markets such as the EU, Southeast Asia, and the US. Furthermore, Pan Chunsheng pointed out that listed companies are encouraged to communicate more proactively with investors, using quantifiable data and verifiable performance to demonstrate a shared understanding of sustainable development.June 3 – A press conference in Shanghai announced that the 12th China (Shanghai) International Technology Import and Export Fair, themed "Building a New Ecosystem for Technology Trade and Writing a New Chapter of Global Cooperation," will be held from June 11 to 13 at the Shanghai World Expo Exhibition & Convention Center. Preparations are essentially complete. This years fair will feature one main pavilion, four specialized technology exhibition areas, and one innovation and trade service area, covering a total exhibition area of 38,000 square meters. It will showcase innovative achievements from 22 countries and regions worldwide and 24 provinces and municipalities across China, with the number of participating companies exceeding 1,006 for the first time.On June 3, the Taiwan Affairs Office of the State Council held a regular press conference. Recently, the leaders of Japan and the Philippines issued a joint statement emphasizing the importance of peace and stability across the Taiwan Strait and announcing the launch of so-called "maritime boundary delimitation negotiations," which the DPP authorities echoed. What is your comment on this? Zhu Fenglian, spokesperson for the Taiwan Affairs Office, stated that there is only one China in the world, and Taiwan is a part of China. The proposed maritime boundary delimitation area announced by Japan and the Philippines is located east of Taiwan Island. Their so-called "boundary delimitation negotiations" seriously infringe upon Chinas maritime rights and interests, seriously violate international law and the basic norms of international relations, and are completely illegal and invalid. Compatriots on both sides of the Taiwan Strait belong to the Chinese nation and should firmly uphold the national stance, adhere to national righteousness, jointly safeguard national sovereignty and territorial integrity, and safeguard the overall interests of the Chinese nation. The DPP authorities dare to align themselves with external forces and sell out national interests; they will inevitably be condemned by compatriots on both sides of the Taiwan Strait and punished by history.

There Is No Longer an Overbought Condition for Natural Gas Prices, Which has Dropped Sharply

Drake Hampton

Apr 20, 2022 10:00

After hitting a 13-year high on Monday, natural gas prices plunged 8.5% on Tuesday. LNG demand remains strong, and natural gas arrivals at LNG terminals continue to climb. Natural gas demand is likely to rise in the coming two weeks due to colder-than-normal weather.

 

This week's LNG exports from the United States are down from the week before by four ships. Between April 7 and April 13, twenty LNG ships with a combined capacity of 75 Bcf left the United States, according to the EIA. Lower LNG exports this week were caused by bad weather in the Gulf of Mexico, which included high winds and waves of up to 7 feet and scheduled maintenance.

Technical Analysis

On Tuesday, the price of natural gas dropped. Support is expected near the 10-day moving average at 6.72. The 13.68 high from July 2008 serves as a target for resistance.

 

As the fast stochastic generated a crossover sell signal, the short-term momentum has reversed and become negative. Both the quick stochastic and the relative strength index have shown a decrease in price since reaching overbought levels.

 

In the medium term, the momentum has shifted in favor of the bulls. MACD histogram prints in the green zone with an upward sloping trajectory, suggesting that natural gas prices are on the rise beneath the surface.

 

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