Prices for hot-rolled and cold-rolled coil in the US are expected to bottom out by the end of the year, sources said Tuesday. Platts maintained its daily HRC and CRC assessments at $360-$370/st and $490-$500/st, respectively. Both prices ...
Tags: hot-rolled coil, cold-rolled coil
Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...
Tags: Seaborne iron ore, steel, ore
Supramax shipowners are bracing for a tough finale to a disappointing year as limping grain and petcoke trade in the Atlantic fails to support the monstrous weight of available tonnage. That has been keeping freight rates low, while hopes ...
Tags: Supramax shipowners, grain, petcoke
The December/January US Gulf Coast 3% sulfur fuel oil swap spread moved to a wider contango on Friday, while market sources searched for a fundamental reason to explain the movement. Platts assessed the December/January 3%S spread at a ...
Tags: sulfur fuel oil, USGC fuel oil
For its fiscal second-quarter 2016 (ended 3 October 2015), Qorvo Inc, which provides core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications, has reported revenue of $708.3m, up 5.2% on $673.6m last ...
Tags: Qorvo, RFMD, TriQuint Semiconductor, Mobile Products
Today, the global average LED lamp retail price is $23.50 per unit, indicating a fall of 1.2 percent in March 2014 over February 2014 and a 9.4 percent drop from the same time last year. The figures come from the latest release of IHS ...
Tags: LED Lamp, retail price, Drops
While Ford has made inroads into increased usage of aluminum sheet in its vehicles, it is still "too early" to expect additional steel-to-aluminum announcements from other major automakers such as Toyota and General Motors, Sean Stack, CEO ...
Tags: Ford, aluminum sheet, Steel
The Northwest European styrene monomer premium over feedstock costs has fallen to a 2015 low, Platts calculations show, as a balanced market left consumers eager to normalize November spreads over feedstocks to levels similar to the start ...
Tags: Styrene, feedstocks, premiums
People’s Bank of China published the statement on improving the quotation of the middle exchange rate of RMB against the U.S. dollar on August 11. RMB depreciates against US dollars almost 4.6% in 4 days. This is the biased correction ...
Tags: foreign trade situation, rate of RMB against the U.S.dollar
The 9th Annual Meeting of the New Champions, a World Economic Forum conference hosted each year in China. It has come to be known as the “Summer Davos,” opened on Wednesday in the city of Dalian. It has become customary for the ...
Despite foreign and domestic challenges facing the Chinese economy, including the recent turbulence in the stock market, former Australian prime minister Kevin Rudd has full confidence in the world's second-largest economy. "I think the ...
Tags: Chinese economy, stock market
China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...
Tags: polymer, carbide PVC
Performance footwear, apparel and equipment maker Under Armour and the America's National Basketball Association (NBA) have announced a multiyear global partnership that makes Under Armour the title partner of the NBA Draft Combine and ...
"I don't think we should pay too much attention to the fluctuation of the Chinese stock markets. It's not the most important part of the Chinese economy. What's more important is the fundamentals of the Chinese economic growth," renowned ...
French automobile major Renault has taken the wraps off its D-segment saloon ‘Talisman’, armed with high-performance, small-displacement engines such as Energy TCe 200 for petrol versions and Energy dCi 160 and Energy dCi 130 ...
Tags: green vehicles, automobile, Talisman, Energy TCe 200, Energy dCi 160