Dubai's national airline Emirates will resume a limited number of outbound passenger flights from the UAE as of 6 April.
News ID: 9021 Publish Date : 2020/04/02
Gold is higher on a morning when the market is again drawing safe-haven buyers, said George Gero, managing director with RBC Wealth Management. He pointed out that holdings of the metal by exchange-traded funds have been rising lately.
News ID: 9020 Publish Date : 2020/04/01
Mongolia has gradually resumed coal exports to China through four border points from earlier this week, after two delayed restarts since exports halted in early February.
News ID: 9009 Publish Date : 2020/04/01
This week, SE Asia billet import market was reported with mixed sentiments, as China’s billet offerings has disturbed the sentiments in the region. Amid corona virus outbreak in China, the domestic billet prices of country have dropped down by RMB 300 (~ USD 45) which is at 3-year low levels; RMB 3000/MT including VAT. The event was the result of increased finished steel inventories which have reached to the 5 years high levels due to pandemic.
News ID: 9000 Publish Date : 2020/02/21
Imported scrap trades to India witnessed considerable improvement this week, with decent bookings being witnessed after slow activity in the previous couple of weeks. Offers from global origins continued to rise sharply, however buyer’s inquiries remained active, as mills looked to book some material in anticipation of further price hike.
News ID: 8996 Publish Date : 2020/02/21
Polymer futures on China's Dalian Commodity Exchange (DCE) rebounded slightly today after hitting fresh 16-year lows yesterday, hit by the global spread of the coronavirus and slumping crude prices.
News ID: 8991 Publish Date : 2020/03/31
Negotiations for the April paraxylene (PX) Asia Contract Price (ACP) have failed to settle because of a wide bid-offer gap amid the current volatile market situation.
News ID: 8987 Publish Date : 2020/03/31
Indian petrochemical producers are facing a tough start to the country's new financial year, as a nationwide lockdown to curb the spread of coronavirus slashes sales and limits distribution.
News ID: 8985 Publish Date : 2020/03/31
Chinese state-owned producer Shanxi Coking Coal has raised second-quarter contract prices for some of its highest quality coking coal grades while keeping unchanged or lowering prices for other brands.
News ID: 8965 Publish Date : 2020/03/30
India is taking steps to ensure uninterrupted power supplies as the nationwide coronavirus-related lockdown starts to pile more pressure on cash-strapped electricity distributors.
News ID: 8959 Publish Date : 2020/03/30
India's nationwide lockdown is shaking the coal market after it triggered force majeure declarations by a string of ports, consumers and traders over the past two days. This is starting to encourage the diversion of cargoes earmarked for India to China and southeast Asia.
News ID: 8871 Publish Date : 2020/03/26
Primary aluminium production was unaffected by coronavirus in February, but producers are now curtailing operations because of government measures intended to contain the pandemic or because of the lack of demand from end market s.
News ID: 8837 Publish Date : 2020/03/24
Market sentiments in the Chinese steel market were bolstered by the gains in futures followed by the government’s efforts to thrust the recovery of the steel demand. Meanwhile, China also announced a rate cut in its Required Reserve Ratio (RRR) further adding a push to buying sentiments in the market . Rebar and billet prices ascended this week while HRC prices depicted a slight fall.
News ID: 8823 Publish Date : 2020/03/14
Global ferrous scrap market witnessed downward trend in prices for all major market s yet again. Turkish buyers returned to the market with numerous bookings at lower prices. Offers to South Asian market s moved down, while 3 US origin Bulk cargoes were booked to Market and Pakistan, although container shortage freight rates remain an issue. Japan's scrap export prices saw decline, while China's Shagang Steel kept its bids unchanged this week.
News ID: 8822 Publish Date : 2020/03/14
Chinese HRC export offers decline as importers turn bearish
News ID: 8816 Publish Date : 2020/03/17
SteelMint in conversation with market participants learned that major Raipur (central India) based pellet manufacturers have decreased offers today by INR 200/MT.
News ID: 8811 Publish Date : 2020/03/17
Liberty Steel is closing its Flemalle, Tilleur and Dudelange sites in Belgium and Luxembourg tomorrow as it does not have sufficient workers to operate the plants.
News ID: 8799 Publish Date : 2020/03/20
The closure of all coal mines in Pennsylvania by the state government as of 8pm local time on 20 March until further notice, in an attempt to control the spread of the coronavirus, has the potential to remove a large volume of coking coal from the market .
News ID: 8798 Publish Date : 2020/03/20
Brazil's state-controlled Petrobras has postponed the receipt of binding offers for its domestic refineries as the oil price crash and coronavirus drastically alter market conditions.
News ID: 8796 Publish Date : 2020/03/20
India's border closures and looming nationwide lockdown in the coming days to contain the spread of the coronavirus are prompting market concerns about delivery and supply chain disruptions for one of the world's biggest metal consumers.
News ID: 8795 Publish Date : 2020/03/20