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 ...
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
Mill discipline and supply issues have brought US steel sheet prices up, but those prices are anything but secure, market sources told Platts Thursday. "The mills timed [the increase] well," said one service center executive. "I don't ...
China's Jinling Mining hiked its iron ore concentrate production in 2013 to 1.23 million mt, up 6.9% year on year in 2013, the Shenzhen-listed company said in its financial report released Tuesday. Jinling, one of the few Chinese iron ore ...
Tags: Jinling Mining, iron ore mining
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
Central Appalachian thermal coal prices for April delivery fell to fresh near-term lows on Friday, as both the CAPP rail (CSX) and CAPP barge spot contracts were seen trading in the session. CSX physical April fell 25 cents/st to ...
Tags: thermal coal, over-the-counter market, spot coal prices
An industry group representing Chinese iron ore miners aims to satisfy 50% of the country's annual iron ore consumption with domestic supply by 2025, up from the current 30%, via consolidation and expansion of mining companies, a senior ...
Tags: Iron Ore, Domestic Supply, Chemicals
East China's ferrous scrap prices fell sharply this week amid weaker raw material, finished steel and steel futures markets in the first-half of the week. Platts assessed heavy scrap over 6 mm at Yuan 2,320/mt ($377/mt) on a delivered ...
Tags: Ferrous Scrap, Raw Material, Steel Markets
Integrated producers may have hit a cost floor on sheet products, and an increase is looking more and more likely, market sources told Platts Thursday. "We're at the point where these mills are going to be at their breaking point or their ...
China's refinery crude throughput over January and February dipped 1% year on year to 78.78 million mt, or an average of 9.79 million b/d, according to preliminary data from the country's National Bureau of Statistics released Thursday. ...
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
US March propylene contract prices were fully settled 1.5 cents/lb ($33/mt) lower from February, market sources said Friday. The decrease is the second consecutive decline in contract pricing this year, and puts chemical-grade propylene ...