Oil futures settled higher Wednesday, partially rebounding from Tuesday's sharp selloff on uncertainty in Cyprus, after weekly inventory data from the US Energy Information Administration proved to be unexpectedly bullish. NYMEX April ...
Tags: Oil, Chemicals, Metallurgy
Australian stocks have tumbled for a third straight day, led by hefty falls from the major miners in response to a bleak outlook for iron ore prices. At 4.15pm AEDT, the benchmark S&P/ASX200 index was down 20.1 points, or 0.4 per cent, at ...
Tags: Australian stocks, benchmark, Stock
The latest figures issued by the European Automobile Manufacturers' Association (ACEA) show that European Union (EU) new car registrations continued the downward trend commenced in October 2011, falling to their lowest level for a month of ...
Tags: Car Registrations, Car, passenger car
THE Australian dollar was slightly lower as weak US consumer sentiment figures and concerns about the Cyprus bank bailout weighed on market sentiment. At 7am AEDT the local unit was trading at 103.58 US cents, down from 103.69 cents on ...
Benzene prices continued to maintain the downward trend in Europe last week. "Global price meltdown and sluggish downstream demand were mainly responsible for the decline," say experts. Prices were assessed in the range of US$ ...
It’s reported that the Korean shipbuilding companies’ imports of shipbuilding plates reduced substantially. In January, the imports of shipbuilding plates dropped to 152,000 tons to touch the lowest level over the past 3 ...
Tags: shipbuilding plates, shipbuilding, shipbuilding companies
Ferrari will take over distribution of its cars in Australia from next month in a move intended to help the brand engage more closely with its customers. From April 1, Ferrari Australasia, a wholly owned subsidiary of Ferrari SpA, will ...
Tags: Ferrari, Supercar Distribution, Auto
Reignited concerns over the domestic benzene demand as well as a stubbornly closed arbitrage to the US saw European benzene prices plunge below $1,300/mt for the first time since mid-October, Platts data show. Benzene barges were assessed ...
Tags: benzene, benzene demand, benzene barges
The UK's Buzzard oil field contributed only 16% of Forties blend output in the week of February 18-24, down from 33% the previous week, BP data showed Friday. This is the lowest contribution of Buzzard to Forties seen so far in 2013, ...
Tags: Buzzard oil field, BP data, UK
This week’s sale saw prices rising slightly on the back of a weaker rand and the Cape Wools Merino indicator gained 1.3% on last week to close the day at R112.13/kg (clean). The rand has weakened over the last few days, falling to ...
Tags: prices, Cape Wools Merino indicator, SA Wool
Australian businesses don’t plan to hire new staff in the coming months, and are putting off investments, as the cost of doing business takes its toll. On the back of recent high-profile job cuts and off-shoring announcements by a ...
Margins for producing styrene monomer in Asia have shrunk rapidly in March as SM prices tumble amid weak sentiment in China, with the spread to feedstock benzene narrowing 17% and to naphtha shrinking 8% since the end of February, Platts ...
Tags: SM Margins, styrene monomer, Asia
It's reported that steel rebar futures at Shagnhai Futures Exchange (SHFE) fell for a second day to the lowest level in more than six weeks on nine consecutive weeks of climbing inventories in China, showing a sign of oversupply in the ...
Tags: Steel rebar, Steel.rebar
Asia's paraxylene market extended falls Monday morning, with the CFR Taiwan/China PX price benchmark declining quickly to under the psychological $1,600/mt mark for the first time in three months under heavy sell pressure, market sources ...
Tags: paraxylene market, paraxylene, PX Market
THE dollar tumbled to its lowest level in eight months after China announced new measures to cool property prices, fuelling speculation that demand for Australia's commodities might weaken. The Aussie also fell after local data showed ...
Tags: economy, real estate