South Korea

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Iran and South Korea discussed the details of the options to pay Iran’s frozen assets in Seoul and also the possibility of resuming oil trade in preparation for potential U.S. sanctions relief on Iran, during the two-day meetings from Tuesday, Yonhap reported.
News ID: 10571    Publish Date : 2022/02/21

SK Innovation, South Korea 's largest refiner, will likely need to further reduce the operating rate of its 840,000 b/d Ulsan complex because the impact of the Covid-19 pandemic on oil products exports will be felt more fully this summer.
News ID: 9240    Publish Date : 2020/04/27

South Korea is deferring taxes on crude imports for the next three months to help refiners and other buyers weather a slump in fuel demand caused by the Covid-19 pandemic.
News ID: 9077    Publish Date : 2020/04/08

The South Korea n jet fuel differential has fallen to the lowest levels since at least 2008 amid weak domestic demand caused by the impact of Covid-19 and higher exports.
News ID: 9075    Publish Date : 2020/04/08

South Korea 's Hyundai Cosmo Petrochemical (HCP) has closed its No.1 aromatics complex in Daesan for scheduled maintenance from 8 April for 30-45 days.
News ID: 9071    Publish Date : 2020/04/08

This week, South Korea ’s major EAF Steelmaker, Hyundai Steel has cut its purchase price for Japanese scrap amid low domestic market fundamentals in Korea as well as continued fall Japanese scrap price levels. Hyundai Steel has cut its bid by JPY 1000/MT (USD 9) against last week and its current bid for Japanese H2 stands at JPY 22,000/MT FOB (USD 212), in comparison to JPY 23,000/MT (USD 221) bid last week.
News ID: 8714    Publish Date : 2020/03/12

Turkey scrap imports dropped 9% Y-o-Y to 18.8 MnT in CY19 Import volumes from US and Netherlands observed increase, however bookings from UK fell in CY19. Country’s crude steel output fell 9.6% Y-o-Y to 33.7 MnT in CY19.
News ID: 8712    Publish Date : 2020/03/12

The Russian ports of Novorossiysk, Kavkaz and Taman will delay for up to 14 days the loading or discharging of vessels that have called areas most affected by the coronavirus.
News ID: 8584    Publish Date : 2020/03/06

Updates with Fed's interest rate cut in first two paragraphs
News ID: 8556    Publish Date : 2020/03/03

Negotiations for the March paraxylene (PX) Asia Contract Price (ACP) have failed to settle for a third straight month because of a wide bid-offer gap amid a volatile market.
News ID: 8514    Publish Date : 2020/02/27

Gazprom Neft CEO Alexander Dyukov said Wednesday the OPEC+ group of oil producers should respond to the impact of the coronavirus outbreak but decide on quotas later on.
News ID: 8508    Publish Date : 2020/02/26

Paraxylene producers linked to the Asia contract price (ACP) have submitted their offers for the March benchmark price.
News ID: 8501    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

South Korea 's government forecasts the country having more than 200,000 electric and hydrogen vehicles on its roads by the end of this year amid increased public incentives.
News ID: 8291    Publish Date : 2020/01/10

A car which is designed solely for the European market is surprisingly put on sale in its country of origin due to public demand and that says a lot about its appeal.
News ID: 8224    Publish Date : 2020/01/06

Japan, world’s third-largest crude steel producer observed stability in its ferrous scrap exports for another month in Nov'19. The country exported 0.65 MnT of scrap in Nov’19, as against the similar quantity exported in Oct’19. However, on a yearly basis, scrap exports have increased by 33% Y-o-Y from 0.49 MnT reported during the same period a year ago, in Oct’18.
News ID: 8211    Publish Date : 2020/01/02

Russian scrap offers to South Korea increased significantly, according to recent release reports. Offers to South Korea up by USD 15-20/MT as against last week, however, no fresh bookings at these levels have been concluded as yet.
News ID: 8139    Publish Date : 2019/12/27

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

South Korea 's LG Chem plans to reduce operating rates at its 1.27mn t/yr Daesan cracker by 5pc to 95pc from January because of squeezed production margins.
News ID: 8003    Publish Date : 2019/12/18

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