Jiangxi Province-based Chinese steelmaker Fangda Special Steel has announced that it has abandoned its plan to purchase a 74 percent stake in South Africa-based Boboko Investment Co. after failing to receive the necessary approval from the ...
Tags: Special Steel, Mining
China-based GCL-Poly Energy Holdings has quit production of sapphire ingots and will sell two factories together with production equipment in eastern China to Taiwan-based sapphire wafer maker Tera Xtal Technology. GCL Poly's suspended ...
Tags: GCL-Poly, China, Sapphire Ingot
According to data released by the Metals Service Center Institute (MSCI), the US service center’s steel shipments fell by 4.7% year on year in June. In June, the shipments of flat rolled steel products increased by 2.6%; those of ...
It’s reported that Shougang, one of the major steelmaker in China released its price policy for August. The company decided to raise its prices for hot rolled coils (HRC) by RMB110/ton while it remained its prices for cold rolled ...
Tags: HRC Prices, Mineral
The differential between the physical 180 CST viscosity high sulfur fuel oil in Singapore and 380 CST viscosity HSFO in Rotterdam -- known as the East/West spread -- recovered Thursday from 23-month lows, but remains subdued with the ...
Tags: Fuel Oil, oil, Metallurgy, Mineral, Energy
Taiwan's appetite for LNG imports in August has dwindled on lower gas demand from the power sector, which saw state-owned CPC skip spot purchases for the month, sources said Friday. LNG sellers who had been marketing cargoes for August ...
Tags: taiwan, Metallurgy, Mineral, Energy, gas
KrisEnergy, a Southeast Asia-focused oil and gas company, said Thursday that its Tayum-1 exploration well in the Kutai production sharing contract offshore Kalimantan, Indonesia, has encountered gas. A preliminary well log evaluation ...
Tags: Metallurgy, Mineral, Energy
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India jumped Friday as grain activity on the Atlantic continued to lend support, sources said. Since activity on the west coast of India ...
Tags: Coal, Metallurgy, Mineral, Energy
The Asian naphtha industry gathered Thursday for the start of the 22nd CFR Far East Open Specification Naphtha Meeting to debate among other things a recommendation that seeks to widen the scope of naphtha cargo origins for inclusion in an ...
Tags: Chemicals, Metallurgy, Mineral, Energy
China's apparent oil demand in June surged 11.7% year on year to 40.89 million mt, or an average 9.99 million b/d, according to Platts' estimates Monday, based on the latest preliminary government data. This is the highest growth rate ...
Tags: Chemicals, oil, Metallurgy, Mineral, Energy
Reform in Mexico has been talked about for many years, but substantial change that would likely involve some degree of constitutional amendment seems finally at hand, a Mexican energy legal expert said Thursday. With production dwindling ...
The Obama administration's ongoing delay in ruling on 20 pending applications to export liquefied natural gas is stalling US job creation and GDP growth, according to a new report from a conservative economic think tank. The report, ...
Tags: Chemicals, liquefied natural gas, gas, Energy
US refiner Valero Energy will build one of the world's largest methanol plants at its St. Charles, Louisiana, refinery, the company said Thursday. The $600 million-$700 million project will add a 1.6 million tons/year methanol plant at ...
Tags: Chemicals, Metallurgy, Mineral, Energy
PetroChina has received Chinese and Australian federal government approval to acquire from ConocoPhillips a 29% stake, valued at around A$32 million ($29 million), in a shale gas joint venture in Western Australia's Southern Canning Basin, ...
Tags: Chemicals, Metallurgy, Mineral, Energy, oil
The main Taiwan-based solar cell makers saw capacity utilization rise to 80-100% in the second quarter of 2013 mainly due to strong demand in Japan, according to industry sources. In Japan, Japan-based Sharp and Kyocera have respective ...
Tags: Solar Cell, Solar Energy