Oil demand will remain strong through at least 2020, pushing spot costs for crude above futures pricing. SEE MORE China imported 11.75 million mt of thermal coal in January, up 23% from 9.58 million mt in the year-ago month, and 30% compared with December, the highest monthly total since April 2014, according to customs data released Monday. SEE MORE The dollar eased on Tuesday as investors awaited a slew of economic data this week and Federal Reserve Chairman Jerome Powell’s testimony, which could determine whether the U.S. currency’s recovery from a three-year low has more room to run. SEE MORE Sharply lower naphtha-based cracker margins point to a weaker first quarter for the German chemical major BASF, who is finding it hard to pass on higher upstream prices to downstream divisions, according to European chemical analysts. SEE MORE India’s plastics industry is targeting at least a 3% share of the global polymer export market by 2025, to be achieved by a combination of capacity expansion and technology upgrades, industry executives said. SEE MORE