A series of cracker turnarounds in southeast Asia during next year's first quarter will tighten ethylene and propylene supplies, potentially lending support to current weak sentiment in the olefins market
News ID: 7907 Publish Date : 2019/12/11
Japan's ferrous scrap exports fell marginally in January-September, as increased shipments to south and southeast Asia were unable to offset declines in exports to China and South Korea.
News ID: 7616 Publish Date : 2019/11/29
Asia Contract Price (ACP) linked paraxylene (PX) producers have tabled their offers for the December benchmark price.
News ID: 7582 Publish Date : 2019/11/28
South Korean benzene producers are seeking higher premiums for 2020 term sales with the contract negotiations still in their initial stages.
News ID: 7555 Publish Date : 2019/11/25
Chevron has agreed to sell its 45pc stake in the Philippines' offshore Malampaya gas and condensate field, further scaling back its presence in southeast Asia .
News ID: 7427 Publish Date : 2019/11/13
SteelMint learned from industry participants that imported scrap offers to South-East Asia have slightly increased this week, after observing a sharp hike in the previous week.
News ID: 7418 Publish Date : 2019/11/11
Atotal of 158.45 million square meters of tiles were produced in Iran during the first five months of the current Iranian year (March 21- Aug. 22) to register an increase of 4.4% compared with last year’s corresponding period.
News ID: 7363 Publish Date : 2019/11/10
This week, SE Asia billet market was reported with positive trade sentiments and boosted import offers. Billet import offers in the region have also moved up marginally and are assessed at USD 400-405/MT, CFR SE Asia , up USD 5-10/MT, against last week.
News ID: 7095 Publish Date : 2019/10/25
This week Iranian billet export market reported trade active. A deal of quantity 40,000 MT billet was reported to conclude to SE Asia from the country. The deal was reported to have concluded at USD 347/MT, FoB Iran and the shipment is schedule for mid December.
News ID: 7052 Publish Date : 2019/10/23
Iran's state-owned shipping company NITC has reported an incident involving one of its crude tankers in the Red Sea, further unnerving Asia n petrochemical traders and distributors.
News ID: 6626 Publish Date : 2019/10/11
Crude oil futures edged higher during mid-morning trade in Asia Friday amid bargain hunting after prices sank to near two-month low the day before, and were currently moving in a tight range awaiting fresh cues to provide direction, analysts said.
News ID: 6548 Publish Date : 2019/10/04
In recent conversations with industry participants, SteelMint learned that imported scrap prices to South East Asia have followed the global downturn over the last couple of weeks and moved down further by USD 10-15/MT in last 2-weeks, however, the prices have shown some stability in the last few days.
News ID: 6484 Publish Date : 2019/09/23
After witnessing some deals towards end of the last week, the SE Asia ’s billet import market reported dull this week. Sharp plunge in global scrap prices turned market sentiments gloomy in global billet market. After India upturned its interest towards the region, the SE Asia buyers are now trying to further pull down the billet prices. As a result of which further drop in the offers from CIS nations was seen this week.
News ID: 6414 Publish Date : 2019/09/06
This week global billet market observed few deals in SE Asia . Rest all prime markets remained silent. SteelMint tried to scrutinize the trade silence in prime markets other than SE Asia and learned dipping global scrap prices and slow down in the global economy are the prime reason for this fall.
News ID: 6374 Publish Date : 2019/08/31
The SE Asia n billet import market remained silent this week. No deals were reported this week. The market was quite due to weaker sentiments. This week South East Asia ’s billet import assessment stands at around at USD 440-445/MT, CFR, down USD 5/MT against last week.
News ID: 5983 Publish Date : 2019/08/16
A total of 94,000t of mostly first-half 2020 ICI 4 coal derivatives were cleared on the CME during Asia -Pacific business hours today, while trade in the physical market remained muted amid a public holiday in India.
News ID: 5940 Publish Date : 2019/08/15
Tata Steel has failed to sell a 70pc stake in its southeast Asia n steel business, Natsteel, to China's state-controlled Hesteel.
News ID: 5824 Publish Date : 2019/08/07
The SE Asia n billet market witnessed gloomy sentiments this week amid limited trades. South East Asia billet import offers are assessed around at USD 450-455/MT, CFR levels, this week, the trade sentiments are reported marginally weak in the region. Prices have softened by USD 5/MT against last week.
News ID: 5549 Publish Date : 2019/07/29
The Iranian capital city of Tehran will host The 4th edition of the Logistics, Transportation, and Related Industries Exhibition of Asia ( Asia Logitrans Expo. 2019) from December 15 to 17, 2019.
News ID: 5161 Publish Date : 2019/07/14
Global ferrous scrap prices observed upward trend this week in all major markets, except Japan and SE Asia . Turkey observed further strengthening in prices amid strong buying activity, consequently raising offers for South Asia n buyers too, where Pakistan and Bangladesh observed decent trades, however India remained mostly out of buying activity, on non-viability of imported scrap.
News ID: 5087 Publish Date : 2019/07/09