Central Bank Rate Hikes Force Oil Prices Lower
Macro-economic headwinds continue to plague the oil markets, and central bank action this week has turned the sentiment decidedly bearish.
ZPP Holdings Pte Ltd is a commodities trading company based in Singapore that specializes in the oil and agricultural industries.
They act as an intermediary between producers and consumers, facilitating the buying and selling of various commodities on the global market.
Trading of Commodities: ZPP Holdings trades various commodities, including refined petroleum products, sugar, grains, oilseeds, and other agricultural products. They engage in buying and selling these commodities on the global market, serving as an intermediary between producers and consumers.
As of now, ZPP Holdings Pte Ltd is offering two specific commodities: EN 590 and ICUSA 45 Sugar.
EN 590 is a standard specification for diesel fuel that is commonly used in vehicles with diesel engines. It sets requirements for the properties and composition of the fuel, ensuring its quality and compatibility with diesel engines. ZPP Holdings engages in the trading of EN 590, sourcing it from refineries and delivering it to customers.
ICUSA 45 Sugar refers to a specific type of sugar, typically known as ICUMSA 45 sugar. ICUMSA stands for International Commission for Uniform Methods of Sugar Analysis, which sets standards for the measurement and quality assessment of sugar. ICUMSA 45 sugar is a refined white sugar with a low level of impurities and a high degree of purity. ZPP Holdings trades ICUSA 45 Sugar, sourcing it from mills or producers and distributing it to customers globally.
Macro-economic headwinds continue to plague the oil markets, and central bank action this week has turned the sentiment decidedly bearish.
July NY world sugar #11 (SBN23) on Friday closed down -0.75 (-3.01%), and Aug London white sugar #5 (SWQ23) closed down -16.60 (-2.46%).
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