Spot premiums for iron ore concentrate have nearly doubled for some grades this week, supported by tight Australian supplies that are more than offsetting weakness in pellet markets.
News ID: 9094 Publish Date : 2020/04/09
India's reform plans to allow commercial coal mining have run into fresh delays as the government focuses on containing the Covid-19 pandemic.
News ID: 9073 Publish Date : 2020/04/08
Asian clean and dirty tankers have just had one of their best first quarters in years as traders rushed to store oil products on the water as the COVID-19 pandemic slashed oil demand globally, but the boom in rates is not expected to continue beyond Q2.
News ID: 9065 Publish Date : 2020/04/06
Indian state-controlled refiners have slashed jet fuel price s by 29pc this month after cutting them by 22pc in March as the coronavirus outbreak restricts demand for air travel.
News ID: 9046 Publish Date : 2020/04/06
Brazil's state-controlled Petrobras has doubled production cuts to 200,000 b/d in response to the oil price collapse.
News ID: 9004 Publish Date : 2020/04/01
Indian Ferro Silicon price s remain stable amid short supply situation in Bhutan and Guwahati. Meanwhile, the supply of raw materials is still a concern for the producer. the Ferro Silicon smelters are almost booked for the month.
News ID: 8999 Publish Date : 2020/02/21
Imported HRC price s to Vietnam fell further towards the weekend in recent deal being concluded from China. Market sources in Vietnam shared that major steelmaker in China named - Baosteel booked another cargo of 70,000 MT HRC (SAE 1006) for exports to Vietnam at USD 470/MT CFR Vietnam for March shipment.
News ID: 8998 Publish Date : 2020/02/21
Global ferrous scrap availability has diminished to such an extent amid supply shutdowns caused by the coronavirus outbreak that Turkish mills are now finding it increasingly difficult to source new cargoes, limiting their ability to drive price s down further.
News ID: 8984 Publish Date : 2020/03/31
Chinese state-owned producer Shanxi Coking Coal has raised second-quarter contract price s for some of its highest quality coking coal grades while keeping unchanged or lowering price s for other brands.
News ID: 8965 Publish Date : 2020/03/30
This week Chinese steel price s exhibited optimistic market sentiments with improvement in steel price s amid measures taken by the government to push buying activities in both domestic and export markets. HRC and rebar export offers remained stable. Domestic billet price s gained momentum. Iron ore price s moved up amid measures adopted by the Chinese government. However, coking coal offers inched down on a weekly basis.
News ID: 8880 Publish Date : 2020/03/07
Steel Authority of India Ltd (SAIL) conducted auction for around 1,800 MT steel grade pig iron today from its Rourkela steel plant (RSP). The auction witnessed active participation over reduction in base price by INR 700/MT (USD 10).
News ID: 8879 Publish Date : 2020/03/07
Rising cement price s in several Chinese regions signal that the recovery in the sector is picking up pace, which could boost coal demand with the industry being a large-scale consumer.
News ID: 8860 Publish Date : 2020/03/25
Polymer price s in Asia are coming under further pressure because of a lack of resin demand as the region grapples with the coronavirus pandemic.
News ID: 8847 Publish Date : 2020/03/24
Coking coal imports to India have begun to be affected by the coronavirus outbreak, as berthing and uploading activities are halted at some major ports.
News ID: 8838 Publish Date : 2020/03/24
Prices of linear low-density polyethylene (LLDPE) film in China have fallen close to a 12-year low on the back of weak demand amid the coronavirus pandemic.
News ID: 8829 Publish Date : 2020/03/23
Global ferrous scrap market witnessed downward trend in price s for all major markets yet again. Turkish buyers returned to the market with numerous bookings at lower price s. Offers to South Asian markets 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 price s saw decline, while China's Shagang Steel kept its bids unchanged this week.
News ID: 8822 Publish Date : 2020/03/14
Price gap in Indian long steel products of large and medium/small scale mills widened further as offers through the secondary mills dropped rigorously due to dull demand. Thus the re-rollers increased trade discounts to ease selling pressure.
News ID: 8821 Publish Date : 2020/03/14
Oil fell on Monday as an emergency rate cut by the US Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus, while a price war between top producers added to a growing supply glut.
News ID: 8754 Publish Date : 2020/03/16
Oil giant Saudi Aramco on Sunday posted a 21% decline in 2019 net profit due to a drop in oil price s and production, and said it plans to “rationalize” capital spending in the wake of the coronavirus outbreak.
News ID: 8736 Publish Date : 2020/03/15
Canada's Methanex, the world's largest producer of methanol, has idled its 850,000 t/yr Titan plant in Trinidad effective today and will idle its 800,000 t/yr Chile IV methanol plant effective 1 April, both for an indefinite period.
News ID: 8727 Publish Date : 2020/03/16