Iranian petrochemical traders currently sell all their products on a CFR basis in Asia instead of FOB to avoid payment issues, trade sources in Iran and Dubai said Tuesday. "We sell products on a CFR basis in countries like China so as to ...
Tags: Petrochemical
Australia's Newcastle port exported 2.8 million mt of thermal and coking coal in the week to Monday, falling 19% on the week, as the port's vessel queue continued to shrink, according to the Newcastle Port Corporation's latest weekly ...
Tags: thermal, coking coal
Brazil-based iron and steel maker Gerdau said Tuesday its proposed logistics and mining investments will enable the company to more than double iron ore production within the next six years, to 24 million mt/yr, from the current 11.5 ...
Tags: Iron Ore, steel maker
Australia’s dairy food company Devondale Murray Goulburn has invested A$19m ($17.5m) in the expansion of its Koroit facility, in a move to cater to the growing demand for infant formula powder. The Koroit site currently produces ...
Tags: dairy food, Murray Goulburn
World cotton trade in 2014/15 is forecast to reach only 36.3 million bales, 10 percent below the previous season and the lowest since 2010/11. While imports by China have supported cotton trade over the last several seasons, expectations ...
Tags: Cotton Trade, Cotton
In the first quarter of the current year, France's gross domestic product (GDP) remained stable quarter on quarter, according to the detailed statistics released by France's National Institute of Statistics and Economic Studies (INSEE). In ...
The recently announced 400 billion-dollar gas deal between Russia and China will not affect gas deliveries to the EU, the International Energy Agency (IEA) said Thursday. "The gas that has been determined for export to China would have ...
Tags: EU Supplies, Gas
The World Bank will fund infrastructure projects worth $245 million to revamp facilities in Uganda's Albertine oil region, ahead of first oil production in the country, Uganda's President Yoweri Museveni said in a statement Thursday. ...
Tags: Infrastructure Funds, Oil
In the week from May 19 to May 25, on the Orbis Steel Index the Turkish scrap index moved down slightly, while the US (East Coast) HMS I/II scrap export index maintained its sideways movement. In the given week, the Turkish rebar index ...
Tags: Turkish Scrap, Steel
Sentiment in India following the general elections appears bullish, boding well for the Indonesian thermal coal market, but there is no near-term catalyst being seen to drive Chinese demand up, sources said Friday. "It would still require ...
Tags: Thermal Coal, Mineral
Russia does not plan to reduce export volumes of its crude and gas in the next 10-20 years, but expects to increase exports of high quality oil products as major modernization of its refineries is in the final stages, Lukoil CEO Vagit ...
Tags: Crude Exports, Gas Exports
Loadings of Doba, Chad's only export grade crude oil, will be set at 3.8 million barrels in July, up 33.33% from June, according to a copy of the country's loading schedule seen Thursday by Platts. Four cargoes of 950,000 barrels each ...
According to the Taiwan Association of Machinery Industry (TAMI), in the Jan.-Apr. period the island exported US$6.4 billion worth of machinery, up 8.2% year on year (YoY), thanks partly to a surge in shipments of tools to mainland China in ...
Indian government has exempted barcoding plan for primary packaging for medicines, comprising single tablets, capsules and vials. The proposal was introduced by the governement in a bid to track and trace export consignments following ...
Tags: Drug Packaging, medicines
In May this year, the China HSBC Flash Manufacturing Purchasing Managers Index (PMI) increased to 49.7, the highest level of the past five months, up from April's final reading of 48.1, as announced by the HSBC on May 22. In particular, in ...
Tags: Flash Manufacturing PMI