Oil prices 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
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati announced that his country’s petrochemical sector will witness a significant growth with a huge investment of up to $3.7 billion by People's Bank of China .
News ID: 8165 Publish Date : 2019/12/31
According to the data from the Ministry of Industry and Information Technology (MIIT), China in November produced about 89,000 units of qualified new energy passenger vehicles, up 23.96 per cent from October, backed by the outstanding performance of the pure electronic vehicles market. But yearly basis, the output recorded a decline for the fifth consecutive month by almost 42 per cent.
News ID: 8157 Publish Date : 2019/12/30
The US indium market is expected to remain oversupplied into 2020, with supply issues possibly worsening after the government auction of metal once held by the bankrupt Fanya exchange in China .
News ID: 8113 Publish Date : 2019/12/27
Tsingshan group in China announced its January tender price for HC Ferro Chrome which is down by RMB 200 (USD 29) from December levels. The prices for Ferro Chrome were earlier dropped by RMB 400 (USD 57)/50 basis tons in December. The demand of Ferro Chrome remains absent all over the globe and with the Christmas holidays, the US and Europe market remains silent.
News ID: 8103 Publish Date : 2019/12/25
Officials from Iran’s ICT Ministry met with their counterparts from Turkey on Tuesday to discuss expansion of collaborations in the fields of communications.
News ID: 8100 Publish Date : 2019/12/24
China 's seaborne pellet prices were little changed as bids remained at around $113-114/dry metric tonne (dmt), although large Indian pellet producers were unwilling to sell at these prices because of robust domestic demand in India.
News ID: 8091 Publish Date : 2019/12/24
China is likely to inject more money into its economy in the coming weeks, adding to other policies announced this week to shore up growth in 2020.
News ID: 8087 Publish Date : 2019/12/24
Plunging apparent demand, driven by slight slippage in real appetite from the automotive supply chain, and a sharp increase in imports over the first quarter provided a bleak backdrop for European producers this year.
News ID: 8085 Publish Date : 2019/12/24
Rocktree Consulting, a leading provider of marine dry-bulk cargo handling and delivery solutions, has reportedly finished the front-end engineering and design (FEED) of a new floating transhipment terminal for bauxite export from Australia’s Bauxite Hills Mine to China . The terminal is expected to boost Metro Mining’s bauxite export further to 6 million tonnes by 2021.
News ID: 8077 Publish Date : 2019/12/24
China appears likely to add Norway into the list of its regular crude oil suppliers in 2020, with the country's independent refiners especially finding North Sea's new Johan Sverdrup crude attractive for its competitive price and familiar specification.
News ID: 8064 Publish Date : 2019/12/22
The Chinese government is maintaining its export duties on the main ferro-alloys for 2020.
News ID: 8058 Publish Date : 2019/12/23
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing US- China trade tensions lifted business confidence and the outlook for global economic growth.
News ID: 8054 Publish Date : 2019/12/20
China ’s top steel making city - Tangshan has issued a notice to reinitiate the grade II emergency response to heavy polluting weather, as the city declared a level 2 pollution emergency. The government imposed output restrictions on the steel production firms and ordered them to indefinitely suspend iron ore sintering and partially reduce steel output as of 13 Dec’19.
News ID: 8041 Publish Date : 2019/12/13
Global ferrous scrap market witnessed an upwards trend for yet another week most of the major markets this week. Turkey observed one of its most active weeks in the last few months even as the prices kept climbing up every day, while offers for South Asian Markets increased by similar proportions although demand stood limited. Japanese Tokyo Steel observed hiked its scrap purchase bids this week, while China ’s Shagang Steel dropped its purchase price.
News ID: 8032 Publish Date : 2019/12/14
As per the recent data released by Chinese customs, nation’s crude steel output hit 9-months low and stood at 80.29 MnT in Nov'19. Previous lowest crude steel output was recorded at 74.58 MnT in Feb' 19.
News ID: 8028 Publish Date : 2019/12/16
The graphite electrodes prices globally are on a free-fall for over the past one year amid excess supply and poor downstream demand. As per SteelMint's analysis, the electrode prices have plunged by almost 67% y-o-y basis (ex- China ). This includes both HP as well as UHP grades.
News ID: 8021 Publish Date : 2019/12/18
China is breaking records for crude oil imports and is not likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the US will bolster the economy.
News ID: 8012 Publish Date : 2019/12/17
South Korea's largest styrene monomer (SM) producer Hanwha Total is planning to further reduce operating rates.
News ID: 8005 Publish Date : 2019/12/18
China 's seaborne pellet prices were little changed, with demand supported by sintering restrictions in parts of China and a seasonal shortage of domestic concentrate supplies.
News ID: 7992 Publish Date : 2019/12/17