Methanol sellers in Asia and the Middle East are under pressure to cut production rates or face demurrage costs as Chinese storage tanks have no space left.
News ID: 9490 Publish Date : 2020/05/15
The amount of naphtha and gasoline moving from Europe to east Asia on Medium Range (MR) tankers rose sharply in April, because of tight availability of alternative Long Range 1 (LR1) and Long Range 2 (LR2) tankers.
News ID: 9374 Publish Date : 2020/05/07
US copper scrap exports fell in March from the same time last year as the spread of Covid-19 in Asia cut into demand from the region.
News ID: 9341 Publish Date : 2020/05/06
Spot ethylene prices have fallen below $300/t cfr northeast Asia to a new record low.
News ID: 9216 Publish Date : 2020/04/22
Ethylene prices in northeast Asia have broken the $400/t cfr floor as supply outstripped demand in the region.
News ID: 9155 Publish Date : 2020/04/15
This week, SE Asia billet import market was reported with mixed sentiments, as China’s billet offerings has disturbed the sentiments in the region. Amid corona virus outbreak in China, the domestic billet prices of country have dropped down by RMB 300 (~ USD 45) which is at 3-year low levels; RMB 3000/MT including VAT. The event was the result of increased finished steel inventories which have reached to the 5 years high levels due to pandemic.
News ID: 9000 Publish Date : 2020/02/21
Polymer prices in Asia are coming under further pressure because of a lack of resin demand as the region grapples with the coronavirus pandemic.
News ID: 8847 Publish Date : 2020/03/24
Polypropylene (PP) raffia prices in China have slumped to a four-year low as demand continues to decline amid the coronavirus pandemic.
News ID: 8828 Publish Date : 2020/03/23
Trades via containers improved in Bangladesh, while the same slowed down in India and Pakistan this week. Hike in container freight rates over shortage continues to remain matter of concern.
News ID: 8709 Publish Date : 2020/03/12
A central European steelmaker is planning to increase its offers by €5-10/t for April production, up from current sales into Germany of around €485/t on a delivered basis, citing tight supply and a lack of imports.
News ID: 8554 Publish Date : 2020/03/03
The price outlook for 2020 in Asia 's benchmark containerised ferrous scrap market Taiwan is notably less optimistic than in global bulk market leader Turkey, reflecting the extent to which Asia n and Atlantic scrap trends are increasingly diverging.
News ID: 8218 Publish Date : 2020/01/06
Iran’s Southeastern province of Sistan and Baluchistan has exported $772,959,515 worth of non-oil products in the first 9 months of the current local calendar year (March 21 –December 22), to be another indication of inefficiency of the US anti-Tehran economic policies.
News ID: 8132 Publish Date : 2019/12/29
Light sweet US crude volumes heading to southeast Asia are poised to increase in the coming year amid growing appetite for the grades from smaller refiners in the region, partly to comply with the International Maritime Organisation (IMO) 2020 regulations cutting sulphur in marine fuels.
News ID: 8123 Publish Date : 2019/12/27
Asia -Pacific oil product refining margins fell late in 2019, but tighter supply and a heavy turnaround schedule in the Mideast Gulf may support the market in the first quarter of 2020.
News ID: 8088 Publish Date : 2019/12/24
Asia -Pacific bitumen markets are ending a fairly stable year, as the impact of the US-China trade war and new sulphur regulations are offset by stable consumption in key southeast Asia n markets. And demand looks likely to stay firm in 2020, despite potential weakness in the first quarter.
News ID: 8060 Publish Date : 2019/12/23
Formosa Ha Tinh Corporation (FHS)- Vietnam’s largest steel manufacturer of the country has announced its billet offers for Jan’20 shipments. The price offered for billet by the company is reported to be USD 420/MT, CIF North and that to for South is reported to be USD 425/MT, CIF, surged by USD 20/MT, against last month.
News ID: 8036 Publish Date : 2019/12/13
In Oct’19, Philippines billet imports were recorded at 224,452 MT to register a growth of 42.1 % against Sep’19. Meanwhile, country’s imports have registered a Y-o-Y growth of 8.9% during the same period under consideration. During Oct’18 the country’s imports were at 206,148 MT
News ID: 8020 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
Malaysia's state-owned Petronas is facing a 1½-month shutdown at its 1.65mn t/yr methanol line in Labuan following an outage.
News ID: 8001 Publish Date : 2019/12/18
It is now more than a year since an Indian operator has taken control of Shahid Beheshti Port in Iran’s Southeastern port city of Chabahar where cargos from all over the world can be unloaded from ships to be transported to Afghanistan and landlocked nations of Central Asia .
News ID: 7952 Publish Date : 2019/12/15