The ferrous scrap market in eastern China remained quiet this week, keeping in step with the rebar market's trend. Demand from steelmakers has not fully recovered as the finished steel markets have remained sluggish. Media reports that ...
Freight rates for grain runs from South America to the Far East declined on Friday amid low Chinese soybeans demand, oversupply of tonnage and generally bearish sentiment in the Atlantic market. Grain runs basis 60,000 mt on the ...
Tags: grain, soybeans, Chinese demand
China is unlikely to reclaim its position as a major exporter of molybdenum oxide and ferromolybdenum despite the World Trade Organization ordering the country to remove export taxes and quota controls on the commodities, market sources ...
US crude production rose 68,000 b/d to 7.939 million b/d in January, its highest monthly tally since December 1988, when production was 7.942 million b/d, according to monthly US Energy Information Administration oil data released Friday. ...
Tags: crude production, crude, Mexico production
In a move that did not entirely come as a surprise, India's Election Commission earlier this week asked the incumbent government to defer a hike in the wellhead price of natural gas that was due to be implemented on April 1. But analysts ...
Tags: Natural Gas, gas pricing, OIL's production
EU carbon dioxide allowances crashed to a nine-month low Friday, as speculators unwound long positions ahead of data due next week and expected to signal weak demand, traders said. EU Allowance futures contracts for December 2014 delivery ...
Kazakhstan's natural monopoly regulator AREM has approved raising the crude oil export shipment tariff for national oil pipeline operator KazTransOil by 20% from the current level to Tenge 5,817.20 ($31.57)/mt per 1,000 km from April 1. ...
Tags: Crude Oil, Tariff, natural monopoly
Gas buyers in Asia are facing the same problems of high prices and a monopolistic market that their counterparts in Europe faced a decade or so ago, but there is no equivalent regulatory body that can force suppliers to change their ...
Tags: Gas Markets, Europe's Dilemma
The number of coal carloads that US railroads originated for the week ending Saturday totaled 113,414, down 0.6% from the prior week, but up 3% from the same week a year ago, the Association of American Railroads said Thursday. For the ...
Tags: coal carloads, coal production, coal
Softer coastal freight rates for shipping domestic thermal coal from northern to southern ports in China has put seaborne-traded cargoes at a slight price disadvantage, and renewed downward pressure on CFR South China prices, said traders ...
Counter bids for the April Asian Contract Price for paraxylene are seen to come in at around $1,050-1,100/mt CFR, sources close to the negotiations said Thursday. The four PX ACP sellers in Asia -- ExxonMobil, Japan's Idemitsu Kosan and ...
Tags: Paraxylene, PTA market, PTA producers
Ormet, as it winds down its aluminum business in the US, is seeking federal bankruptcy court permission to sell another 24,000 mt, plus or minus 5%, of sandy calcined metallurgical-grade alumina to Swiss commodities trader Trafigura AG for ...
Tags: Ormet, Calcined Alumina, aluminum
Small volumes of fuel ethanol from Paraguay were recently exported to Brazil, sources said Thursday. Brazilian trading houses purchased 5 million liters (1.32 million gallons) to be delivered in trucks to the states of Mato Grosso do Sul ...
Traders are considering sending European ethylene cargoes to Asia for late May delivery amid weak European prices, sources said Thursday. Market participants said they have been approached by several traders with selling indications ...
China's February alumina imports rose 31.4% year on year to 460,000 mt, according to data released by the General Administration of Customs late Monday. However, the February imports fell 28.1% from January. Over January-February, ...
Tags: Alumina Imports, alumina, alumina products