Jiangsu Shagang Group, China's biggest scrap buyer, cut buying prices Saturday for the raw material by Yuan 30/mt ($5/mt), in response to a slide in rebar prices, a company source said. After the adjustment, Shagang will pay Yuan ...
Tags: Ferrous Scrap, Rebar
Top Taiwanese LED manufacturers Everlight and Epistar revenues for second quarter of 2015 were impacted by trending low LED prices on the market, according to a China Times report. Even though Epistar revenues made a turnaround in second ...
The 849 MW FitzPatrick nuclear power plant in Scriba, New York, will be shut permanently by late 2016 or early 2017, due to "the continued deteriorating economics of the facility," Entergy said Monday in a statement. The unit is licensed to ...
China's iron ore demand is falling, but its share of imports from mining giants Australia and Brazil is rising, which is squeezing smaller miners and curbing their supply. China imported 453.1 million mt of iron ore in January-June, with ...
The State Bank of Pakistan (SBP) slashed key interest rate to a record low of 7 per cent at the weekend, laying a foundation for implementing growth-oriented economic policies in the country, the country’s media has reported. ...
According to USDA’s initial projection for the 2015 crop, US cotton production is forecast at 14.5 million bales, 11 per cent below the final 2014 crop estimate. Based on the prospective plantings report, 2015 cotton area is ...
Tags: cotton demand, cotton
The imports of textiles and clothing by South Korea crossed the US$ 14 billion mark last year, narrowing the industry’s surplus further. In 2014, South Korea’s textile and clothing exports grew by 8.4 per cent year-on-year ...
Tags: Textile, Clothing Imports
Prices of raw materials such as iron ore, coal, crude oil and refined oil have been hitting record low prices on the global market, but import volumes into China. Although the trade balance has continued to be in excess of exports over ...
Tags: Commodity Imports, raw materials
Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week. U.S. stocks closed lower, marking a fifth straight session of losses, as bank results disappointed and ...
Tags: Oil Prices, U.S.stocks
In the past two weeks, China's stock market, long the subject of neglect, became a public focus, indicating the likely arrival of a bull market period. From Nov. 24 to Dec.5, 2014, the Shanghai and Shenzhen composite indexes rose by 18.13 ...
Tags: Stock Market, bull market
The BRC-Nielsen Shop Price Index for November 2014 shows that overall shop prices reported deflation for the nineteenth consecutive month, unchanged at 1.9% in November. Non-food deflation slowed marginally to 2.9% in November from 3.1% in ...
Tags: Non-food prices, Furniture
China's consumer prices in November grew by their slowest pace in five years, official data showed on Wednesday, raising the probability of more easing measures by the central bank. China's consumer price index (CPI), the main gauge of ...
Tags: consumer prices, November's CPI
A monthly benchmark that gauges purchasing professionals' views on procurement activity in the electronic components marketplace. A reading below 100 indicates pessimism; a reading above 100 indicates optimism. After slowing in July, the ...
Danish brewer Carlsberg has announced that its annual profits may witness a slump as a result of decreasing consumption in eastern Europe. Consumption in both the countries has dropped due to sanctions and new drinking laws announced by ...