Residents in Tangshan are very familiar with the concept of oversupply. A severe glut in the steel industry has put many jobs at risk in the northeastern Chinese city that counts the metal as one of its primary exports. But the oversupply ...
Tags: Housing Market, Crashing Down
Turkmenistan President Gurbanguly Berdimuhamedov has signed a resolution related to financing of the proposed gas-chemical complex for manufacture of polypropylene (PP) and polyethylene in Balkan province. The complex would be built in ...
Tags: PP Plant, polypropylene
Customers are using less cash than ever as retailers make it easier and more convenient to shop and pay. New data reveals that a growing proportion of smaller payments previously made in cash are now being made in other ways. The ...
Tags: Cash, smaller payments
The Japanese and Singaporean governments are moving to revise the economic partnership agreement they formed in 2002, with Prime Minister Shinzo Abe and his counterpart, Lee Hsien Loong, expected to affirm the plan on Saturday. Japan will ...
China’s state-controlled press is accusing Cisco of helping the U.S. government in cyberespionage. The criticisms come a week after the U.S. indicted five Chinese military personnel for allegedly hacking into several U.S. companies ...
Tags: Cyberwar Efforts, cyberespionage
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
China-based polysilicon and solar wafer maker LDK Solar has obtained syndicated loans of CNY2 billion (US$321 million) from 11 local banks to ease its financial troubles, according to a report. State-run China Development Bank arranged ...
Tags: polysilicon, solar wafer
The seaborne iron ore cended a two-day rally and dipped again Friday, tracking a withdrawal in buying activity as the fast spike and current supply glut hit spot purchasing. Platts assessed the 62% Fe IODEX at $98.75/dmt CFR North China, ...
Tags: Iron Ore, Seaborne Seaborne
Viewing that distributed PV system installations (mainly rooftop) in China have so far lagged behind schedule due to high risks, China's National Development and Reform Commission (NDRC) has arranged insurance companies to provide relevant ...
European central banks have agreed on a new Central Bank Gold Agreement, now the fourth time an agreement has been reached, the World Gold Council said Monday. "The agreement marks a continued commitment from some of the world's largest ...
Tags: Gold, gold sales
The Platts Australian alumina assessment fell 50 cents/mt from Friday to $315.50/mt FOB Monday, weighed down by supply overhang, tight cash flows and lack of buyers. Alumina bid/ask levels were around $310-312/mt against $316/mt FOB ...
Tags: alumina, Australian-origin cargoes
Taiwan-based polysilicon maker Powertec Energy has obtained equity investment of NT$700 million (US$23.2 million) from Taiwan's National Development Fund through private placement, according to the company. The investment will help ...
Tags: Polysilicon, telecom wire
Russian metallurgical companies do not expect problems with debt refinancing because of the worsening geopolitical situation and the threat of the new sanctions against Russia, according to the results of a survey carried out by Russian ...
Tags: Steelmakers, Evraz
International credit rating agency Moody's has announced that it has upgraded the Turkish steel producer Erdemir's corporate family rating to Ba3, affirming the rating outlook as stable. Moody's stated that the upgrade was prompted by ...
Tags: steel producer, credit rating
Cotton production in Zimbabwe is likely to increase by 31 percent in 2013-14 season due to good rains in most parts of the country during the cotton growing season, the Cotton Growers Association has said, reports The Herald. Owing to ...