Brazilian state-run oil giant Petrobras on Friday confirmed the discovery of a large crude oil deposit off the coast of the northeastern Sergipe state. The reserve could yield nearly a billion barrels of crude, representing one of the ...
Tags: oil, Metallurgy, Mineral, Energy
A small upturn in prices for sub-5,000 kcal/kg NAR Chinese thermal coal on perceived stirrings of restocking activity for the upcoming northern hemisphere winter and some market tightness was seized on by traders Friday. South China ...
Tags: Coal, Metallurgy, Mineral, Energy
Hong Kong bunker fuel suppliers said Friday they have settled ex-wharf premiums for October-loading 380 CST bunker fuel with importers at around $16/mt above Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, compared with ...
Tags: Chemicals, Fuel Oil, Metallurgy, Mineral, Energy
Analysts believe China may cut the price of refined oil on Friday in response to a drop in global crude oil prices. The moving average of a basket of crude oil prices, to which China's refined oil prices are pegged, dropped 3.23 percent ...
Tags: Refined Oil, Crude Oil
Yieh United Steel Corp. (Yusco), one of the major stainless steel producers in Taiwan announced to cut its list prices for 300 series products by NT$2,000/ton. However, Yusco remained its list prices for 400 series products unchanged for ...
Tags: Yusco, Stainless Domestic Prices
According to USA’s Census office, Latin American countries exported 40.2% more the steel products to the US in this August. The total quantity was 773,451 tons against 551,564 tons in the same month last year. Brazil is the biggest ...
Tags: Steel Product
Aluminium Bahrain (Alba) senior official said in spite of the LME aluminum prices in the doldrums recently, the company is still expected to achieve annual growth target for 2013. MahmoodHashimAlKooheji, the directors in the Bahrain ...
The Taiwanese steel pipe producers announced to raise list prices for October, in order to reflect Chung Hung Steel’s price rise. It’s learned that Chung Hung Steel, the major upstream supplier to the Taiwanese steel pipe ...
Tags: Steel Pipe, Mineral
According to statistics released by China’s customs, the country’s exports of welded steel pipes totaled 332,270 tons in August, falling by 5% from a month ago but rising by 9% year on year. In the first eight months of this ...
Tags: Welded Steel Pipes, Mineral
It’s reported that Nippon Steel & Sumikin Stainless (NSSC) announced to cut domestic prices for its austenitic and ferritic stainless rods by ¥15,000/ton and ¥5,000/ton for September-November contracts. NSSC said that it ...
Tags: Stainless Rod, Mineral
BHP Billiton, the biggest miner in the world, said earlier this week that the global prime material market is weakening due to the increasing supply and also showed its moderate outlook of the steel demand in Asia. The company’s ...
China's fuel oil imports in August fell to a near five-year low of 1.17 million mt amid continued weak demand from both the bunker market and independent teapot refiners, according to data released late Monday by the General Administration ...
China's iron and steel industry earned 84.85 billion yuan ($13.87 billion) in the first seven months, an increase of 7.8 percent year-on-year, the National Development and Reform Commission said on its website on Wednesday. The ferrous ...
Tags: crude steel, Iron, Steel
Spot prices of 98.5% 553-grade silicon metal in Asia rose further this week on tight supply and high demand as Chinese producers limit sales in anticipation of higher prices to come. The Chinese export price was assessed by Platts at ...
Tags: silicon metal, Mineral
On September 25, Dai Zhihao, general manager of Chinese steel giant Baosteel, forecast at an annual industry conference in the eastern Chinese coastal city of Qingdao that China's annual steel consumption will peak at 825 million mt in 2018 ...
Tags: Steel Industry, Steel Consumption