Refining capacity expansions in China have been largely on track this year although the country's relatively weaker growth in oil demand could delay some projects and result in lower utilization rates, analysts said this week. Up to 1.3 ...
Tags: oil, Metallurgy, Mineral
The domestic iron and steel industry began to turn a profit in July largely driven by the rebound of market demands and steel prices, but this may be hard to maintain in the fourth quarter as the cost of raw materials will increase, the ...
Tags: Steel, Iron, Construction
ICE October Brent dipped to its lowest level in a week then settled $2.40 lower at $113.72/barrel Monday, while NYMEX crude also fell as uncertainty over a potential US strike against Syria remained. In after-hours trade, October Brent ...
Tags: Chemicals
Yemen's main oil export pipeline has resumed pumping crude after it was repaired following an attack last week, the interior ministry said in a statement on Sunday Tribesmen in the northeastern province of Marib blew up the pipeline on ...
Tags: Oil, Metallurgy, Mineral, Energy
China's state-owned enterprise Chongqing Iron & Steel plans to maintain its crude steel output in 2013 at 6 million mt amid uncertainties in the market, a company source told Platts Wednesday. The steelmaker has three blast furnaces, each ...
It's reported that Inner Mongolia-based Chinese steelmaker Baogang announced that its output of pig iron, crude steel and finished steel totaled 834,500 tons, 887,700 tons and 859,700 tons in August, falling by 1.27%, 0.86% and 1.43% ...
Tags: Crude Steel, Construction
It's reported that China's crude stainless steel output is expected to exceed 25 million tons and the country's apparent consumption of crude stainless steel may exceed 20 million tons by 2020, according to Mr. Li Cheng, the honorary ...
Tags: Stainless Steel
Reportedly, China's iron and steel industry is on red alert. Profits have plunged by over capacity and fierce competition, moreover, the level of pollution is severely rising. According to China Iron and Steel Association that nearly half ...
Tags: steel, Construction
The global LNG market is expected to see a peak in supply tightness in 2014, rising Asian demand will likely match the average 0.9 Bcf/day additional liquefaction capacity expected to come onto the market in the year, Barclays Research said ...
The CFR Taiwan/China paraxylene price benchmark fell $8.50/mt from Friday to be pegged at $1,511.50/mt early Monday, after negotiators reached no settlement for September Asian Contract Prices, market sources said. Market sources said ...
The Thai government raised the reference price of biodiesel by Baht 1.22/liter from Friday to Baht 29.05/liter Monday, the fifth price change in a month, due to weaker local currency rates and higher methanol prices. A spokeswoman for the ...
Tags: Metallurgy, Mineral, Energy, methanol
It's reported that the Chinese steelmaker Ansteel released its financial result for the first half of this year. In the first half of this year Ansteel realized operating revenues of RMB36.9 billion, decreasing by 6.24% year on year. ...
Tags: steel, Construction
Taigang Stainless, the largest stainless producer in China issued its financial result for the first half of 2013. The company realized operating revenues of RMB54.379 billion in the first half of this year, rising by 8.45% year on year. ...
Tags: Stainless steel, steel, Construction
On August 29, Chongqing-based Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel) announced that in the first half of this year, its operating revenue totaled RMB 9.29 billion ($1.52 billion), down 9.6 percent year on year. ...
Tags: Chongqing Steel, Mineral
Jiangsu Province-based Chinese steelmaker Shagang Group has recently issued its financial results for the first half of the current year. Accordingly, the company's net profit for the given period totaled RMB 8.806 million ($1.44 ...
Tags: Shagang, Significant Decline