London-listed resources company Astra Resources has announced that it is negotiating the acquisition of up to three iron ore mines in the Keonjhar district of the Indian state of Orissa. Three iron ore mines have been identified to meet ...
Tags: Astra Resources, iron ore mines, iron ore
Poor weather at Qinhuangdao and other coal export ports in northeast China have impeded some coal shipments to power plants along the Asian country's coastline, but well-covered Chinese end users were refraining from panic buying in the ...
Tags: Qinhuangdao, coal shipments, coastline
Chinese end-users have switched to concluding term contract deals and lessened their spot buying with the approach of China's Lunar New Year festivities in mid-February, as spot prices for south China stayed rangebound in Thursday's trading ...
Tags: Chinese, China Lunar New Year, coal, Australian
Australian businesses are increasingly settling their Chinese trade with the local currency rather than US dollars, as the world's second-biggest economy and Australia's biggest trading partner seeks to boost the yuan's global clout. ...
Tags: Australian businesses, Chinese trade, local currency, US dollars
Thai paraxylene producer PTT Aromatics and Refining has concluded its 2013 term supply contracts at a premium of around $14/mt, up from last year's $9/mt, a company source said Wednesday. The producer settles its annual supply contracts ...
Tags: Chemicals, PTTAR, paraxylene, PTT Aromatics
Apple today said it would start selling the new iPad in China starting Friday, July 20. As analysts expected, the move came quickly after Apple settled a dispute with a Chinese company over the iPad name. The tablet, which Apple ...
Pakistani cotton traders can benefit if Indian cotton exports fall sharply during the current fiscal, Mr. Ihsanul Haq, former executive member of Pakistan Cotton Ginners Association (PCGA), has said. Last fiscal, India exported ...
Tags: cotton exports, PCGA, fiscal, Indian cotton, cotton traders
Chinese buying more luxury goods at home: survey Chinese shoppers are increasingly buying luxury goods in mainland China, turning away from high-end stores abroad and in Hong Kong, according to a poll by market research firm Ipsos, ...
Tags: Luxury Goods, Hong Kong, Chinese buyers
Chinese demand for both Newcastle and Indonesian thermal coal was quiet Tuesday with high stockpiles and low domestic prices, sources said. The bid-offer spread has not narrowed and this is deterring deals, a Singapore-based source said. ...
Tags: thermal coal, FOB, NAR coal, CFR
Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal. According to the ...
Tags: copper, supply shortage, metal, mines extract, slowing growth
Plexus Cotton Limited reported that New York (NY) futures rebounded this week, as December gained 169 points close at 75.22 cents. A week ago the December contract looked like it was ready to fall apart after it pierced through a 3-month ...
Tags: Cotton Futures, cotton industry, cotton market, rebound
Plexus Cotton Limited reported that New York (NY) futures have trended lower this week, as December fell by 369 points to close at 71.53 cents. With harvest in the Northern Hemisphere gaining momentum, the market finally came under some ...
Tags: cotton futures, cotton, cotton market, cotton industry
Information-communications technology(ICT)sectors between Taiwan and mainland China recently singed several agreements that are estimated to create multibillion NT dollars of business opportunities for Taiwanese suppliers and will enhance ...
Tags: ICT sectors, Taiwan, mainland, ICT
U. S. Residential furniture factory shipments totaled $1.88 billion in Feb 2012, up 17% from Feb 2011. The two largest year-over-year increases since the recovery began were in the last three reporting months. Factory orders posted ...
Tags: market view, Furniture, hardwood
Mild, wet weather continues to hamper logging in many areas of the U. S. And Canada. A West Virginia sawmill owner commenting on the weather said, “You are either playing in the mud or not playing at all. ” Most mills reported ...
Tags: market view, hardwood, lumber, price