The coronavirus has reached into every corner of commodity and energy markets, both inside China and worldwide. Its effects in both the short- and medium-term are far-reaching and, in some cases, rather surprising. In an in-depth cross-commodity, and on this real-time hub, we examine a vast range of impacts in oil markets, metals, petrochemicals, coal, LNG, LPG and fertilizer markets. What's happening to China's independent refiners? Why is there an apparent jet fuel shortage in Europe? What are the knock-on effects of transport shutdowns, factory closures, and global trade flow disruptions?
In an increasingly dynamic LNG market, participants need a trusted benchmark to capture and manage freight price risk. Argus’ LNG freight day rates are the robust and representative assessments that the industry needs for demurrage contracts, long-term charter agreements, and to settle financial instruments used for hedging, trading and inter-regional arbitrage.