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Industry Views
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China's Industries Beset by Overcapacity Entered a More Favorable Demand-Supply Balance
Jan 20, 2014China's industries beset by overcapacity have entered a more favorable demand-supply balance, Deutsche Bank said on Tuesday. The bank estimated the cement industry would reduce its added capacity in 2014 by 35 percent while the steel ...
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Ongoing Urbanization Will Still Strongly Support Demand for Iron Ore and Steel Products
Jan 20, 2014ZHANG CHENGLIANG/CHINA DAILY Although China's economic growth is slowing down, ongoing urbanization will still strongly support demand for iron ore and steel products for a long time. "We have confidence in China's iron ore demand because ...
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Platts Assessed 99.7% Manganese at $2,170-2,220/Mt FOB China Thursday
Jan 20, 2014Electrolytic manganese metal prices remained stable for two consecutive weeks as a fall in spot supply balanced waning demand from international buyers. Platts assessed 99.7% manganese at $2,170-2,220/mt FOB China Thursday, unchanged from ...
Tags: Electrolytic manganese, Manganese
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Sinopec Cut Its Ex-Works Prices of Isomer-Grade Mixed Xylenes in South China
Jan 20, 2014China Petroleum and Chemical Corp., or Sinopec, has cut its ex-works prices of isomer-grade mixed xylenes in South China by Yuan 100/mt, or 1.1%, and its solvent-MX prices by Yuan 100/mt, or 1.1%, effective Wednesday, market sources said ...
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ATA President Bill Graves Said Mason Will Assume Responsibility for Transport Topics
Jan 20, 2014American Trucking Associations announced the departure of Howard Abramson as publisher and editorial director of Transport Topics Publishing Group and the appointment of Jeff Mason to head up the publishing unit. ATA President Bill Graves ...
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China Is Targeting to Raise Its Synthetic Coal-to-Gas Output to 50 Billion Cubic Meters
Jan 20, 2014China is targeting to raise its synthetic coal-to-gas output to 50 billion cubic meters by 2020, accounting for over 12% of domestic supply, an official with the National Energy Administration said Wednesday. But actual output may fall ...
Tags: Coal-to-Gas Output, Energy
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The US Sheet Market Is Reporting Higher Cold-Rolled Coil Prices in The Midwest
Jan 20, 2014Citing mill discipline and some lingering supply problems, the US sheet market is reporting higher cold-rolled coil prices in the Midwest, but market participants have noted that the widening spread between CRC and hot-rolled coil may be ...
Tags: CRC Prices, Chemicals
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Industrial Production Rose by 0.3% in December, After a 1% Revised Increase
Jan 20, 2014Industrial production rose by 0.3% in December, the fifth consecutive rise, after a 1% revised increase the month before, the Federal Reserve reported Jan. 17. The figure matched the average forecast from economists surveyed by Bloomberg ...
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December Housing Starts Dropped 9.9%, The Commerce Department Said Jan. 17.
Jan 20, 2014December housing starts dropped 9.9%, the Commerce Department said Jan. 17. Starts fell to an annual rate of 999,000 units in December from a revised 1.1 million pace in November, which was the highest since November 2007. Economists ...
Tags: Housing, Housing Drop, U.S.Housing
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U.S. Rail Intermodal Traffic Declined 8.2% in The Week Ended Jan. 11
Jan 20, 2014U.S. rail intermodal traffic declined 8.2% in the week ended Jan. 11 compared with the same week last year, the Association of American Railroads reported. Railroads moved about 236,000 intermodal trailers and containers AAR said in its ...
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Aereo Is Preparing to Launch Service in The Greater Cincinnati Area
Jan 20, 2014New York – Aereo, the controversial local TV service for mobile devices, said Friday that it is preparing to launch service in the greater Cincinnati area as the next leg in its national expansion. The Aereo service will launch in a ...
Tags: Aereo, Cincinnati
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The Price of Imported Nickel Ore in China Could Jump More Than 50%
Jan 20, 2014The price of imported nickel ore in China could jump more than 50%, following Indonesia's export ban on the product which took effect January 12, Macquarie Commodities Research said in a report Tuesday. Nickel ore stocks in China are ...
Tags: Nickel Ore, Export Ban
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European High Density Polyethylene Imports Were up 13.5% for The First Eleven Months
Jan 20, 2014European high density polyethylene imports were up 13.5% for the first eleven months of 2013 compared to same time period in 2012 driven by reduced HDPE production in Europe, Eurostat data showed Wednesday. EU-28 imported 1,061,966 mt of ...
Tags: Polyethylene, European Production
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The Forties Cracking Netback Margin Has Fallen From $0.19/Barrel on January 2
Jan 20, 2014Increased buying interest for North Sea crude oil cargoes, resulting in a sharp increase in price for a number of key grades, has negatively impacted Northwest European refinery margins, according to traders Wednesday. The cracking yield ...
Tags: Refinery, crude oil cargoes
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Taiwan-Based Makers Have Hiked Quotes for High Energy Conversion Rate Solar-Grade Wafers
Jan 20, 2014Taiwan-based makers have hiked quotes for high energy conversion rate solar-grade wafers to about US$1 per wafer due to tight supplies, according to industry sources. Prices for a high-efficiency solar-grade crystalline silicon wafer ...
Tags: Silicon Wafer, Lighting, Solar-grade
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