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
A top energy watchdog forecast the U.S. will bypass Russia in the production of liquid fuels--everything from crude and gasoline to biofuels like ethanol--solidifying America's growing importance in global energy markets. The ...
Tags: Liquid Fuels
China's business activity surged to a 17-month high in August, providing fresh evidence that the protracted economic slowdown in China may be bottoming out. Industrial production gained 10.4 percent from a year earlier, picking up from ...
Tags: Steel Leads, Steel Sector
Asahi Kasei Chemicals announced today that it will build a polycarbonate diol (PCD) plant in China. PCD is an intermediate used in high-performance polyurethanes (PUs). The company will use proprietary technology to produce 3,000 m.t./year ...
Tags: polycarbonate diol, Chemicals
Refining capacity expansions in China have been largely on track this year although the country's relatively weaker growth in oil demand could delay some projects and result in lower utilization rates, analysts said this week. Up to 1.3 ...
Tags: oil, Metallurgy, Mineral
China's refined copper imports are expected to continue rising in the coming months as international sellers increasingly turn to China amid an overhang in global supply, a Chinese industry source said last Friday. "Global copper supply ...
Tags: Copper, Metallurgy, Mineral
Taiwan LED packaging manufacturer Everlight continues to deepen its channel presence in China. According to UBS Securities Co. Limited’s report, Everlight will continue expanding its 7 provincial sales channels in the second half of ...
Tags: LED packaging, LED luminaries
The Unites States' plan to cut reliance on oil imports will not affect the oil production in the Gulf countries as Asia's demand for Middle East oil is rising, said a report released Monday by research firm Orient Planet. Recent major ...
Tags: Oil Production
Lite-On Technology reported second quarter 2013 consolidated revenue of NT$50.01 billion, up 7% Q-o-Q. Thanks to a better product mix, operating efficiency and higher scale of profitable products, the gross margin and operating margin in ...
The US Energy Information Administration (EIA) forecasts that China's net oil imports will exceed those of the United States by October 2013 on a monthly basis and by 2014 on an annual basis, making China the largest importer of oil in the ...
Tags: Metallurgy, Mineral, Energy
The Asia-Pacific region will continue to be the largest market in the world for Purified Terephthalic Acid (PTA) by 2020, thanks to the region’s improving living standards, cross-industry usage of PTA products and expanding ...
Tags: PTA Demand, textile
Good rains that are likely to remain strong for the rest of the monsoon are set to keep cement demand under pressure in the ongoing July-September quarter. While demand for cement between May-end and June was supported by pre-monsoon ...
Tags: Cement, Construction
Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported selected financial metrics and business highlights for second-quarter 2013 (excluding revenue and earnings, due to the firm's ongoing ...
Tags: Veeco MOCVD MBE, Electrical, Electronics
Canada's Methanex is "making solid progress" on its plans to increase its global methanol production capacity by up to 1 million mt/year by the end of this year, CEO John Floren said in a statement late Wednesday. In New Zealand, the ...
Tags: Methanex, Methanol Capacity
OPEC would need to cut production sometime in the second half of 2013 or early 2014 to stave off "a large drop in prices," Kuwait's leading bank said in a report over the weekend. In its latest economic bulletin, released late Sunday, the ...
Tags: Crude Output, Kuwait Bank