MEGlobal has set its April North American benchmark price for monoethylene glycol at 51 cents/lb, down 3 cents/lb from March levels, a company source said Friday. The reduction was anticipated. Earlier this month, MEGlobal nominated its ...
Tags: PET makers, CFR
The Turkish scrap import market moved up Thursday after a flurry of sales by European merchants. With mills still requiring April shipments, a number of bookings were heard in the market. One was confirmed coming out of the UK a couple ...
Tags: Steel Scrap, Scrap Market
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
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 ...
Asian methanol prices are expected to come under heavy downward pressure in April after a ramp up in production in Southeast Asia and an influx of Iranian-origin cargoes, trading sources said Wednesday. Since the beginning of March, Asian ...
Tags: Methanol Prices, methanol, Iranian market
Seaborne prices at China's southern ports searched for direction in thin Asia trade Monday as currency and freight issues for the most part precluded deals in the CFR South China market, said traders. The Platts/Fenwei CFR South China ...
Tags: Thermal Coal, China market, weaker currency
Chinese buyers refrained from meeting the delivered-price expectations of seaborne cargo sellers in unsettled Asian trade Friday, as weak fundamentals in the domestic market prolonged a week-old standoff between buyers and sellers, said ...
Tags: China Cargo Market, coal producer, thermal coal market
While many media outlets are headlining the top-line numbers in today's FDA report that show that the number of medical device recalls have nearly doubled in the last 10 years, a look underneath the surface reveals that the rate of recalls ...
Prices of spot delivered thermal coal cargoes into Turkey slipped Friday, following a lower-priced deal for US material and buyers willing to wait for cheaper prices, sources said. Platts assessed the weekly CIF Turkey 6,000 kcal/kg ...
Tags: Thermal Coal, US Deals
The focus in the Chinese spot market was back on domestic thermal coal prices, which buckled in Asia trade and caused buying interest on cargoes of imported fuel to sink below $75/mt CFR South China in many cases, said market sources. ...
Tags: Buckles, Thermal Coal
Trader procurement continued to boost spot demand in the Asian iron ore market, as trades got concluded at increasingly higher levels on the day, supporting a firming market. The Platts 62% Fe Iron Ore Index rose $2.75/dmt to $111.50/dmt ...
Tags: Iron Ore Market, spot demand, steelmaker
Sentiment in the Turkish steel scrap import market remained strong Tuesday, but prices slipped modestly on a the back of a cheaper deal. A European merchant sold 40,000 mt of Heavy Melting Scrap I and HMS I/II to a medium-sized Turkish ...
China Petroleum and Chemical Corp, or Sinopec, has slashed its ex-works butadiene prices in East and South China by Yuan 1,000/mt ($163/mt) to Yuan 8,500/mt Friday, a Sinopec company source confirmed Tuesday. "I think the main reason [for ...
Tags: butadiene, Sinopec, butadiene prices
Recent declines in the price of iron ore have not disrupted contractual commitments with customers, a senior Rio Tinto official said Tuesday. "We haven't seen any impact in shipping commitments," said Andrew Harding, Rio Tinto's chief ...