It’s reported that the world's second largest steel group, China's Hebei Iron and Steel reported its first nine months net profit in 2013 dropped by 68.17% year on year. The company said the main attributes are the sluggish steel ...
Tags: metallurgy, steel
The Asian paraxylene/naphtha spread slumped to 28-month low of $440.38/mt on Friday, down $14.62/mt from the previous day, with the regional PX market hit by rising supplies. The CFR Taiwan/China PX price benchmark inched down $0.50/mt ...
Tags: PX Supplies, PX-Naphtha
Asian spot butadiene prices have slumped 18-20% in November under selling pressure as buyers retreated amid ample supply. Key benchmark CFR China has fallen $360/mt or 20% since October 31 to be assessed at $1,400/mt Thursday. The FOB ...
Tags: Spot Butadiene Prices, Chemicals
The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday. ...
Tags: Oil Prices, oil market
China’s new buzzword, tuhao, may be in next year’s Oxford English Dictionary. The word caught the attention of the dictionary’s editing team after BBC’s recent program on influential Chinese words. “If its ...
Tags: tuhao, English Glossary
Brazilian oil firm OGX owned by tycoon Eike Batista, filed for bankruptcy Wednesday, after negotiations with creditors failed. If its pedition is approved by court, OGX would have six months to continue operating while it tries to ...
Tags: Metallurgy, Mineral, Energy
China has made steady progress in improving business regulations for local entrepreneurs in East Asia and the Pacific since 2005, a report released by World Bank Group said on Tuesday. Doing Business 2014, the 11th in a series of annual ...
Holden chairman and managing director Mike Devereux has earned a promotion within General Motors that will see him leave his post as head of the local car maker at the end of 2013. Devereux will assume the role of GM consolidated ...
Tags: GM Promotion, Holden
According to statistic, Korea’s steel pipe imports totaled 726,604 tons in the third quarter of this year, falling by 0.8% year on year. In the third quarter of this year, the country’s imports of spiral steel pipes jumped by ...
Tags: Steel Pipe, Construction
According to statistics, Taiwan' imports of large-diameter wire rods (with diameter larger or equal to 14mm) surged to 2,135 tons in September, jumping by 194.4% from August. However, the average import prices decreased by NT$1,367/ton from ...
Tags: taiwan, steel, Wire Rods, Construction
Current-year ethanol and advanced biofuel RINs assessments fell to their lowest levels in more than eight months Tuesday as heavy selloffs continued throughout the market, sources said. Corn-based ethanol (D6) RINs were assessed 0.5 cent ...
It's reported that India's steel consumption increased slightly by 0.8% year on year to 36.58 million tons in April-September, affected by weak demand from construction sectors and automobile industry. At the same time, the country's steel ...
Tags: Steel, Construction
According to data released by the Metals Service Center Institute Tuesday, the US service center's steel shipments rose by 9.8% year on year in September. Meanwhile, the stocks of steel products in the US steel service center fell by 8.4% ...
Tags: Steel, Construction, Decoration
U.S. refiners are selling more fuel abroad than ever before, effectively exporting the American energy boom to the four corners of the world. As crude production soars in places like the Eagle Ford shale formation in Texas, U.S. refiners ...
Tags: U.S.refiners, Mineral
China's fuel oil imports in August fell to a near five-year low of 1.17 million mt amid continued weak demand from both the bunker market and independent teapot refiners, according to data released late Monday by the General Administration ...