Chinese steel producers' profit margins fell sharply last month as the coronavirus outbreak stalled demand and disrupted feedstock supplies to lift costs.
News ID: 8533 Publish Date : 2020/03/02
The OECD has raised the prospect of the coronavirus halving the rate of global economic growth this year.
News ID: 8531 Publish Date : 2020/03/02
AlCircle takes pleasure in announcing that it has launched the second edition of its flagship e-magazine “Aluminium LeaderSpeak 2020”. It is an exclusive e-magazine, whereby top industry leaders from the complete aluminium value chain have shared their views on how the year may transpire for them as an organisation as well as for the industry. They have also shared their business strategies and outlook for the Aluminium Industry to wind up in 2020.
News ID: 8495 Publish Date : 2020/02/26
The iron ore price outlook has weakened ahead of a major Chinese holiday on fears that a coronavirus strain outbreak could delay the spring restart of construction projects.
News ID: 8316 Publish Date : 2020/01/23
Japanese ferrous scrap suppliers are under pressure to increase exports to counter rising inventories caused by a slowdown in demand ahead of this year's Tokyo Olympics.
News ID: 8287 Publish Date : 2020/01/10
India's domestic iron ore price s have increased sharply in January, as steel mills and pellet producers step up purchases amid expectations of supply disruptions from April. An increase in steel price s has also prompted mining companies to raise offer price s.
News ID: 8270 Publish Date : 2020/01/09
India's coal ministry has identified as many as 40 coal blocks with an estimated production capacity of 150mn t/yr for its maiden commercial coal mining auction to be held before the financial year ends in March.
News ID: 8258 Publish Date : 2020/01/09
Indian rebar price s remained flat over the past week amid sluggish demand from the construction sector.
News ID: 8251 Publish Date : 2020/01/08
Global methanol spot price s will be constrained in the first half of 2020 by new production projects coming online in Iran, Trinidad and the US, and growth in olefin and olefin-derivative capacity in Asia-Pacific will reduce MTO-based production significantly during the 2020-23 period.
News ID: 8221 Publish Date : 2020/01/06
Southern India (Bellary) based pellet makers have increased pellet offers by INR 300-400/MT starting this week. SteelMint’s assessment for pellets stands at INR 6,900-7,000/MT (Ex-Bellary) against last week's assessment at INR 6,600/MT. Pellet price s for Southern India have moved up by INR 700-800/MT M-o-M as against INR 6,200-6,300/MT (EXW) a month back. Bellary pellet price s are hovering at 6-months high as these levels were last seen in Jun'19.
News ID: 8215 Publish Date : 2019/12/30
Indian Ferro Chrome price s are close to the bottom levels, and Ferro Chrome producers are filled with hope, that the price s may increase by next month. Producers are positive that with global Chrome Ore price s not falling further and Stainless Steel price s rising in China Ferro Chrome price s may also increase.
News ID: 8210 Publish Date : 2020/01/02
Local scrap market in Bangladesh witnessed an uptick in sales, with most ship recyclers in Chittagong collectively hiking offers today. Ship yard’s melting scrap was sold at BDT 31,500/MT (USD 371) ex Chittagong and Ship plates (re-rollable) of 12-16 mm were sold at BDT 38,000-40,000/MT (USD 445-471) ex Chittagong. Prices have moved up by USD 15-20/MT W-o-W. New vessels being procured at higher price s as well as high imported scrap price s are likely to keep local scrap price s supported in the near future.
News ID: 8209 Publish Date : 2020/01/02
TATA Metaliks has raised basic (steel) grade pig iron price s by INR 1,300/MT (USD 19) & Foundry grade by INR 1,200/MT (USD 17) for Jan’20 deliveries. The company is known as largest foundry grade pig iron manufacturer in eastern India.
News ID: 8208 Publish Date : 2020/01/02
The fuel oil market is not likely to see large price swings with new marine fuel sulphur regulations that took effect at the beginning of 2020, given minor price changes for the compliant fuel in the weeks leading up to the change.
News ID: 8203 Publish Date : 2020/01/03
After a volatile year, cobalt price s ended 2019 on a downward trend, but the medium-to-long term outlook remains strong, with price s expected to recover.
News ID: 8202 Publish Date : 2020/01/03
Brazilian fertilizer price s may rise in early 2020 as high soybean and corn price s at CBOT drive more acreage, but it may not be enough to halt the freefall in MAP price s.
News ID: 8199 Publish Date : 2020/01/03
Oil price s could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a US airstrike on key Iranian and Iraqi military personnel.
News ID: 8191 Publish Date : 2020/01/03
European base oil price s are likely to continue to face sustained pressure from structural oversupply of Group I, Group II and Group III grades. This will probably dampen any upwards price movement in the first half of 2020.
News ID: 8178 Publish Date : 2019/12/31
Oil price s held on to three-month high on Monday, underpinned by optimism over an expected China-US trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following a US air strike.
News ID: 8168 Publish Date : 2019/12/30
Chinese producer Shanxi Coking Coal has maintained long-term contract price s for low-sulphur coking coal in 2020 after a spate of mine accidents resulted in production cuts that tightened supplies.
News ID: 8152 Publish Date : 2019/12/30