China

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Singapore, 5 November (Argus) ? Indian state-controlled petrochemical producer OMPL has issued a term tender to sell from New Mangalore 570,000t of paraxylene (PX), or 50,000t each month next year except for 20,000t in April. Bids should be submitted by 13 November with validity to the next day.
News ID: 7223    Publish Date : 2019/11/05

South Korea's largest paraxylene (PX) producer SK Global Chemical (SKGC) has changed the pricing basis for its 2020 term contract to include Argus cfr Taiwan and China spot assessments.
News ID: 7120    Publish Date : 2019/11/04

Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US- China trade deal.
News ID: 7100    Publish Date : 2019/10/29

According to statistics, the port inventory of chrome ore in this week is 3.299 MnT, which is 99,000 MT more than that on October 18 which was 3.2 million tons. (unpacked containers and those in bonded warehouses at Tianjin port not counted).
News ID: 7094    Publish Date : 2019/10/25

China ’s semi-finished steel surged in Sep’19 amid scrap ban. On 1st Jul'19, China 's Ministry restricted imports of scrap with importers requiring proper permits.
News ID: 7088    Publish Date : 2019/10/24

Prices of Ferro Silicon have remained stable for the past two weeks despite the weakening of the steel market. However, such stability in prices is attributed to the lower stocks with the producers. Ferro Silicon prices have been hitting low for quite some time now and are the lowest in the past three years.
News ID: 7087    Publish Date : 2019/10/24

Shanghai Metals Market reports that China is speeding up the development of new energy vehicles, as Beijing and other major cities have announced plans to replace gas-powered taxis with electric cars in the next few years, as part of an initiative to boost NEV sales and reduce pollution.
News ID: 7075    Publish Date : 2019/11/01

South Korean electric vehicle (EV) battery producer SK Innovation is nearing completion of two overseas plants that will more than quadruple its production capacity. But the company acknowledges that it will take as long as a year to bring them up to full output.
News ID: 7071    Publish Date : 2019/11/01

With China becoming a key hub of Graphite electrodes over past two years, the demand for its key raw material – needle coke also increased. Few years back, before the hype around GE industry happened, needle coke was not of major interest to the steel industry participants. However, tables turned and in time span of two years, China added to its needle coke capacity, 550,000 tonnes in 2018 and 510,000 tonnes in 2019 (making its total capacity 1.06 MnT), thus leading to its increased supplies in the domestic market.
News ID: 7053    Publish Date : 2019/10/23

Oversupply and low demand are pulling down the seaborne Manganese ore market. Major importers like China and India are postponing their shipments from South Africa as the alloy manufacturers hope the prices to fall further. With the dipping Manganese alloy prices, the producers are approaching to the cost line and the buying interest of steel manufacturers are tepid. In addition to this, the present inventory levels with the producers are restraining them from booking any more consignments.
News ID: 7049    Publish Date : 2019/10/22

Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US- China trade deal.
News ID: 7038    Publish Date : 2019/10/29

In October, China 's chrome ore market did not show any positive trend. Importers neither have the intention to import cargo nor do they want to speculate on spot goods. Hence, the market showed no major adjustments.
News ID: 6989    Publish Date : 2019/10/16

China is increasing thermal power output in its inland northwestern region while cutting back in some coastal provinces, in a trend that could raise domestic coal consumption relative to imports in the future.
News ID: 6958    Publish Date : 2019/10/24

Seaborne premium hard coking coal prices have increasingly fallen into a pattern of moving with domestic prices in China , as the country solidifies its position as the expected destination for available spot cargoes through to the end of the year.
News ID: 6944    Publish Date : 2019/10/25

Canadian mining firm Teck Resources produced 6.5mn t of coking coal in the third quarter, up by 2pc on the year, despite logistical constraints and material handling issues.
News ID: 6943    Publish Date : 2019/10/25

Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker - Shagang Jiangsu Steel group has announced a price cut for all grades of domestic steel scrap procurement and decreased the bids by RMB 30/MT (USD 4) effective from today 14th October’19. This price cut comes after the company had hiked the purchase bids RMB 100/MT last week.
News ID: 6941    Publish Date : 2019/10/14

According to General Administration of Customs, China - the world's largest iron ore consumer and importer, recorded 19% increase in imports to 285.23 MnT in Q3 CY19 as against 239.7 MnT in Q2 CY19. The imports for the quarter picked up amid easing supplies from largest iron ore miners. Vale- announced resumption at its Brucutu mines and also resumed partial operation at its Vargem Grande Complex in Q3 CY19.
News ID: 6940    Publish Date : 2019/10/14

As per the data recently released by Chinese Customs, the nation's finished steel exports witnessed a decline of 8% to 15.9 MnT in Q3 CY'19 which was 17.37 MnT in the previous quarter.
News ID: 6939    Publish Date : 2019/10/14

This week, imported HRC offers to Vietnam from China inch down further amid lower HRC offers from other exporting nations.Indian steel mills have put their offers on hold. Last offers from mills were reported at USD 430/MT, CFR Vietnam. However offers for positioned cargoes from India is heard around USD 420/MT CFR basis.
News ID: 6937    Publish Date : 2019/10/14

The IMF has cut its growth predictions for Asia-Pacific economies for this and next year because of headwinds from policy uncertainty, trade disputes and weakness in major trading partners.
News ID: 6896    Publish Date : 2019/10/23

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