China

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China 's government is suspending or reducing some port fees, a move which is expected to save costs for commodity importers and encourage more international trade as the country recovers from the coronavirus outbreak.
News ID: 8577    Publish Date : 2020/03/04

China 's Guangzhou municipal government will offer a subsidy of 10,000 yuan/unit ($1,439) to new energy vehicles (NEVs) buyers during March-December this year to support the industry amid reduced demand caused by the coronavirus outbreak.
News ID: 8576    Publish Date : 2020/03/04

China 's government is suspending or reducing port fees and other transport costs, a move that is expected to help revive exports and imports as the country recovers from the coronavirus outbreak.
News ID: 8573    Publish Date : 2020/03/04

The Natural Resource Governance Institute (NRGI), an independent non-profit organization dedicated towards improving countries' governance over their natural resources to promote sustainable and inclusive development, publicizes that “Natural resource-backed loans are loans surrounded by secrecy”. These loans are contributing to the debt levels profuse in Africa.
News ID: 8569    Publish Date : 2020/03/04

Eastern China ’s largest private ferrous scrap consumer and EAF steelmaker- Shagang Jiangsu Steel group has announced its first price cut in its scrap purchase price, after a gap of over 2 months since the last price revision on 9th Dec’19. For all major grades of domestic scrap, the company has lowered its purchase price by RMB 30/MT (USD 4) effective from today, 27th Feb’20
News ID: 8566    Publish Date : 2020/02/27

India's iron ore pellet exports in 2019 increased by around 53pc on the back of robust demand from China .
News ID: 8559    Publish Date : 2020/03/03

The average price of US aluminum scrap exports dropped by 17pc in 2019, as non- China buyers made up a bigger percentage of US shipments compared to the prior year and Japanese ADC12 alloy prices dropped by 23pc.
News ID: 8553    Publish Date : 2020/03/03

The completion of residential development projects in Australia might get delayed by up to six months as cargo for building materials majorly aluminium frames held up in China due to the Coronavirus epidemic.
News ID: 8550    Publish Date : 2020/03/03

Kwasi Amoako-Atta, The Minister of Roads and Highways, Ghana, announced that the epidemic of the deadly Coronavirus in China has pertained a blow to the multibillion-dollar bauxite-for-infrastructure deal.
News ID: 8540    Publish Date : 2020/03/02

China 's steel sector purchasing managers index (PMI) slumped to a record low in February as the coronavirus outbreak disrupted downstream demand, resulting in steel mills reducing output.
News ID: 8537    Publish Date : 2020/03/02

Demand for general grade polypropylene (PP) remains weak in China despite the country increasing production of surgical masks to meet demand from the coronavirus outbreak.
News ID: 8535    Publish Date : 2020/03/02

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

Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.
News ID: 8529    Publish Date : 2020/02/28

The impact of the coronavirus outbreak has begun eating into demand for steel materials from Japanese car manufacturers, adding further pressure on Japan's falling steel output.
News ID: 8522    Publish Date : 2020/02/28

Saudi Arabia will sharply reduce term crude sales to China next month as the coronavirus outbreak slashes demand in the world's top oil importer. It comes as Riyadh prepares to join Opec and non-Opec allies to discuss deeper production cuts in the wake of the epidemic.
News ID: 8520    Publish Date : 2020/02/28

China 's steel inventory build slowed this week as mills and traders ran out of storage space, forcing output cuts and an increase in deliveries to customers.
News ID: 8515    Publish Date : 2020/02/27

Increasing indications that the UK may not agree a new trade deal with the EU before the Brexit transition period expires at the end of this year could open the door for an influx of cheap aluminium imports to the UK from China , which would cause the EU to contemplate imposing tariffs on UK aluminium products.
News ID: 8512    Publish Date : 2020/02/27

Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China .
News ID: 8507    Publish Date : 2020/02/26

South Korea's LG Chemical has slashed operating rates at its 170,000 t/yr Daesan-based styrene monomer (SM) unit by 30pc since last week because of weaker demand and persistently negative production margins.
News ID: 8479    Publish Date : 2020/02/24

Adds upated case tally in paragraph 5; details of more flight cuts, steel plant closure in paragraphs 7-8
News ID: 8478    Publish Date : 2020/02/24

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