After delaying its earnings release twice, Braskem reported net loss of $708 milliono in the fourth quarter of 2019 on Friday, saying the result was affected by provisions to cover financial compensation due to suspended operations at chlor-alkali and ethylene dichloride plants in Alagoas.

Yantai, a port on the Bohai Sea in Shandong province, is the second port in China to offer such a service after Qingdao Dongjiakou port.

South Africa's Engen refinery said late last week it had opted for a "temporary controlled shutdown".

"If they cannot sell, they will have to float the grades," a trader said.

"The joint venture agreement has just begun to materialize. Business will commence in April," the ZEG source said.

"We are doing fairly well in spreading our presence...our volumes look bigger than last year," Goel said.

Nauticor said the Rostock LNG terminal would be an important addition and a natural starting point for such cooperation.

The tests are part of a program to develop ammonia as a fuel option, with regard to engines, fuel supply and storage.