China has waived a 125% tariff on US ethane imports imposed earlier this month, according to two sources familiar with the matter.
The move will relieve pressure on Chinese firms that import US ethane for petrochemical production while also providing a market for natural gas liquid, a byproduct of US shale gas production.
US100 reverses early losses after the publication.
Source: xStation
Daily Summary- Return of the Sell-off on Wall Street⬇️
🔴US100 drops nearly 4%
🟡⬇️Gold at its lowest since March
🛢️WTI Crude Below 90 USD Tests the 100-Session Average