Trade

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Oil tankers ablaze in the Gulf of Oman and the US pointing the finger at Iran should be enough to send the price of the world’s most vital commodity skyrocketing.
News ID: 4842    Publish Date : 2019/06/19

Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher.
News ID: 4839    Publish Date : 2019/06/18

This was another dull week for global billet market. This week, market was observed exactly in the similar tone with the expectations. The dullness intensity of the global billet market escalated this week, even the Eid festivity did not brought any boon to the market.
News ID: 4832    Publish Date : 2019/06/16

The Importer and Exporter Union of Iraq’s Northern region of Kurdistan called for wider economic relations with Iranian traders, and asked for an office of Sanandaj Chamber of Commerce to be opened in Erbil, the central city of the Iraqi Autonomous Region.
News ID: 4792    Publish Date : 2019/06/10

The Instrument in Support of Trade Exchanges, known as INSTEX, a European Union mechanism for financial settlements with Iran, is failing to gain momentum, Russia’s permanent envoy to the EU, Vladimir Chizhov, told Tass news agency on Friday.
News ID: 4786    Publish Date : 2019/06/10

Due to festivity of Eid across the globe, the Iranian billet export market was reported dull sentiments this week. However, in recent, one of the leading billet producer of the country offered 30,000 MT billets at USD 390/MT FoB. The shipment is scheduled for end Jun’19.
News ID: 4778    Publish Date : 2019/06/09

This week domestic HRC prices remained steady on the backdrop of limited trade activities and lackluster demand prevailing in domestic market.
News ID: 4774    Publish Date : 2019/06/09

World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 29.02 MnT in May'19, up 58% as compared to Apr'19 exports at 18.34 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 16% as compared to 34.62 MnT in May'18.
News ID: 4771    Publish Date : 2019/06/07

Ferro Chrome prices have hit the bottom amid low demand in the domestic and global market as well. Prices for Ferro Chrome are falling aggressively amid bearish market sentiments. Market participants believe that the prices are highly affected due to lowered Chinese Tender Prices.
News ID: 4768    Publish Date : 2019/06/07

Central India pellet makers lower offer by INR 200/MT-: Pellet offers for this week declined by INR 200/MT to INR 7,000/MT against last week offers at INR 7,200/MT. Raipur pellet market remains standstill with no trades being reported.
News ID: 4762    Publish Date : 2019/06/07

According to data published by the Tehran Stock Exchange, five brokerage firms accounted for more than 27.1% of total trade in the capital market during the first two months (March 21-May 20) of the current fiscal.
News ID: 4742    Publish Date : 2019/06/03

Iran traded 346 tons of non-oil commodities worth $2.21 million with Colombia during the last Iranian year that ended on March 20 to register a 77.29% and 18.96% decline in tonnage and value respectively compared with the year before, data released by the Islamic Republic of Iran Customs Administration show.
News ID: 4741    Publish Date : 2019/06/03

Iran and Turkey have finalized an agreement to restart direct train services between Tehran and Ankara and also to run tourist trains, an official announced.
News ID: 4738    Publish Date : 2019/06/03

Community leaders from the district of Chilcaymarca in the southwestern Castilla province are threatening Peru’s Compañía de Minas Buenaventura (NYSE: BVN) with a general strike due to the company’s decision to fire 40 workers from its Orcopampa gold-silver operation.
News ID: 4735    Publish Date : 2019/06/03

Iranian Minister of Industry, Mine and Trade Reza Rahmani underlined the country's intention to increase exports to the neighboring states, specially Afghanistan.
News ID: 4731    Publish Date : 2019/06/02

Iran traded 1,454 tons of non-oil commodities worth $1.62 million with Peru in the last fiscal year (ended March 20, 2019) to register a 54.9% and 52.06% decline in tonnage and value respectively compared with the year before.
News ID: 4729    Publish Date : 2019/06/02

Restrictions on foreign currency trade by authorized exchange bureaus have pushed people towards the black market, chief of the founding board of Association of Bureaux de Change Operators of Iran said.
News ID: 4728    Publish Date : 2019/06/02

With rare earths in the cross hairs of the U.S.-China trade war, there’s a sharp focus on who else can sell the critical minerals.
News ID: 4725    Publish Date : 2019/06/02

Indian HRC export offers To Nepal for June shipments- Market sources shared with SteelMint that Indian major steel mill concluded a deal of HRC of re-rolling grade with Nepal for June shipments.
News ID: 4704    Publish Date : 2019/06/01

In conversation with market participants, SteelMint learned that imported scrap offers to Bangladesh witnessed further price hike this week, on account of last week’s strong buying activity in Turkey at further increased prices supported by the US Tariff cuts on finished steel imports from Turkey.
News ID: 4703    Publish Date : 2019/05/31

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