Chinese petrochemical producer, Sinochem Hongrun, is planning to restart production at its Weifang aromatics plant this week after it shut down in mid-October amid technical problems and poor economics.
News ID: 8578 Publish Date : 2020/03/04
Chinese buyers have entered the spot market for US coking coal cargoes with tariff exemptions starting on 2 March, potentially removing a 27.5pc import tax that made US shipments uncompetitive for the world's top consumer.
News ID: 8521 Publish Date : 2020/02/28
One of the world’s biggest aluminium extrusions manufacturer, China Zhongwang Holdings, on Wednesday, February 26, announced that it would sell its loss-making smelter for $655.94 million.
News ID: 8510 Publish Date : 2020/02/27
Supramax rates will likely come under pressure in 2020 amid expected lower Chinese demand for grain imports and high dry bulk fleet growth.
News ID: 8175 Publish Date : 2019/12/31
Chinese producer Shanxi Coking Coal has maintained long-term contract prices for low-sulphur coking coal in 2020 after a spate of mine accidents resulted in production cuts that tightened supplies.
News ID: 8152 Publish Date : 2019/12/30
Chinese vanadium prices have fallen in 2019 from a year earlier on a rise in spot availability and lower demand from producers of reinforcement steel bar (rebar) amid a slowing economy.
News ID: 8089 Publish Date : 2019/12/24
A slowdown in the real estate sector may pressure China's steel demand next year, according to analyst forecasts.
News ID: 8007 Publish Date : 2019/12/18
Australian iron ore mining company BHP has widened January-March discounts for some of its iron ore fines in response to a shift to higher-Fe ores at steelmakers.
News ID: 8002 Publish Date : 2019/12/18
Several naphtha-based crackers throughout Asia-Pacific are considering cutting their operating rates as margin losses deepen.
News ID: 7983 Publish Date : 2019/12/16
Development of three oilfields in Iran has been assigned to a domestic company, CEO of the firm, which is a subsidiary of the National Iranian Oil Company announced.
News ID: 7971 Publish Date : 2019/12/16
China's crude steel demand and output are expected to fall in 2020 after posting robust gains this year, said the country's state-run think-tank the Metallurgical Industry Planning and Research Institute.
News ID: 7927 Publish Date : 2019/12/12
Chinese antimony metal prices have slipped below profitable levels, indicating a gap between actual and expected demand that is leaving market participants struggling to gauge where prices might hit a floor.
News ID: 7911 Publish Date : 2019/12/11
This week nation's domestic steel prices reported a surge on a weekly basis over restricted supply amid recently announced production curbs. Along with this, RMB strengthening over USD, and strong domestic demand resulted in an upside in steel prices.
News ID: 7748 Publish Date : 2019/11/23
Indian pellet export prices have found support on declining Chinese port stocks. SteelMint’s pellet export assessment stands at USD 104-106/MT, CFR China for standard grade pellets with 3% Al, Fe 64%. Pellet export assessement has increased marginally against last assessment at USD 103/MT, CFR China.
News ID: 7603 Publish Date : 2019/11/16
Major coal producers in China have pushed back against buyers' demands for price cuts next year, opting instead to keep prices unchanged in provisional 2020 contracts.
News ID: 7510 Publish Date : 2019/11/22
Chinese automobile manufacturer BYD's new energy vehicles (NEVs) sales fell in October despite a rise in its January-October volumes.
News ID: 7426 Publish Date : 2019/11/13
Chinese finished steel exports fell by 10% to 4.782 MnT in Oct'19 as compared with 5.33 MnT in Sep' 19, recent custom data shows. Price competitiveness from Indian & Russian mills kept interest for Chinese steel products low.
News ID: 7414 Publish Date : 2019/11/08
World's second-largest exporter of iron ore - Brazil has recorded an increase in iron ore export volumes to 31.2 MnT in Oct'19, as compared to Sept'19 which was at 27.14 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 16% as against 37.2 MnT in Oct'18.
News ID: 7375 Publish Date : 2019/11/02
Billet export offers from all the major markets remained largely stable with slight uptick in CIS & Iran. However, Turkish imported scrap prices have inched up marginally.
News ID: 7374 Publish Date : 2019/11/02
Iranian Industry Minister Reza Rahmani said car manufacturers and part makers of his country welcome Chinese carmakers wishing to invest in Iran.
News ID: 7369 Publish Date : 2019/11/11