The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. ...
Tags: Iron Ore, Interest Resurfaces, spot market
Ethanol output in Brazil's key center-south region was 167.854 million liters (44.342 million gallons) in the second half of March, up 665% from the first half of the month, according to data released Tuesday by trade group Unica. The ...
Tags: Ethanol Output, sugar mills
The market has felt deflated ever since the wild ride on March 26, during which the spot contract shot up to a high of 97.35 cents/lb before dropping more than 500 points below that level by the end of the session. From a technical ...
Tags: Cotton Futures, Xinjiang cotton
International credit ratings agency Moody's has announced that it has downgraded Turkey's outlook from stable to negative, while affirming Turkey's Baa3 rating at its current level. Moody's said that the decision to change the outlook to ...
Tags: economy, Metallurgy, Mineral, Energy
Levi Strauss & Co. announced financial results for the first quarter ended February 23, 2014. Net revenues declined one percent on a reported basis and were flat on a constant-currency basis, reflecting lower sales at wholesale in the ...
Tags: Levis, women's products
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
Under Armour,Inc.announced that its board of directors has approved a two-for-one stock split of its outstanding common stock.The stock split will be effected in the form of a stock dividend of one share of class A common stock for each ...
Tags: Under Armour, common stock, stock
NY futures resumed their uptrend this week, as May rallied 380 points to close at 91.61 cents, while December gained 171 points to close at 79.55 cents. After meandering sideways for the past six weeks, unable to generate much ...
Tags: Cotton Futures, Cotton market, Textile
For full-year 2013, deposition equipment maker Aixtron SE of Aachen, Germany has reported a 20% drop in revenue from 2012’s €227.8m to €182.9m. However, although down 34% on €77.5m a year ago, fourth-quarter revenue was ...
The UAE's Dubai Gold and Commodities Exchange, or DGCX, and China's Dalian Commodity Exchange, or DCE, announced Wednesday that they will simultaneously launch their respective polypropylene futures contracts on February 28. "The ...
Tags: Polypropylene Futures, Chemicals
High inventories have pushed the spot price of monoethylene glycol in China to the lowest level seen since July 2012, Platts data showed Tuesday. Weakness in the domestic market pressured down the import price of MEG to $916/mt CFR China ...
Tags: MEG Prices, Domestic Market
From a technical point of view the market did resolve the flag formation that we had mentioned last week and broke out to the upside, which propelled March to a six-month high, while May traded at its best level since April 2012. On ...
Tags: Upward Trend, Cotton Futures
Pakistan Textile Exporters Association (PTEA) has strongly opposed the proposed increase in sales tax and changes in tax regime as this will negatively impact the textile exports and would cause to further squeeze the industrial activities. ...
YRC Worldwide Inc. said it has completed $1.15 billion in new financing, including term and asset-backed loans that will reduce borrowing costs by $40 million to $50 million annually and extend debt maturities to 2019. The $700 million ...
Tags: Transportation
Vying for a stake in Prime Minister’s (PM) Youth Business Loan Scheme, the Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has urged the Government to collaborate together for the disbursement of the loans under the ...
Tags: Carpet Exporters, Loan Scheme