The ferrous scrap market in eastern China remained quiet this week, keeping in step with the rebar market's trend. Demand from steelmakers has not fully recovered as the finished steel markets have remained sluggish. Media reports that ...
In a move that did not entirely come as a surprise, India's Election Commission earlier this week asked the incumbent government to defer a hike in the wellhead price of natural gas that was due to be implemented on April 1. But analysts ...
Tags: Natural Gas, gas pricing, OIL's production
According to data released by the South African Revenue Service (SARS), in February of the current year the value of South Africa's exports of base metals and articles thereof totaled ZAR 11.49 billion ($1.09 billion), increasing by 7.9 ...
Tags: Metallurgy, Mineral, Energy, Metal, Steel
CBI (Centre for the Promotion of Imports from developing countries) and the International Apparel Federation (IAF) signed a Memorandum of Understanding (MoU). The goal of this MoU is to intensify collaboration between the two organisations ...
Although this week’s trading action may have felt like a victory for the bears, the chart reveals that the market has actually moved sideways in the last 15 sessions, with May closing in a tight range between 91 and 94 cents since ...
Tags: Cotton Futures, Mixed Trends, balance sheet
Counter bids for the April Asian Contract Price for paraxylene are seen to come in at around $1,050-1,100/mt CFR, sources close to the negotiations said Thursday. The four PX ACP sellers in Asia -- ExxonMobil, Japan's Idemitsu Kosan and ...
Tags: Paraxylene, PTA market, PTA producers
Mill discipline and supply issues have brought US steel sheet prices up, but those prices are anything but secure, market sources told Platts Thursday. "The mills timed [the increase] well," said one service center executive. "I don't ...
The new Chinese cotton policy has the potential to derail Indian raw cotton exports to the biggest cotton consuming country in the world. As per the new policy to be made applicable from April 1, the Chinese government has lowered cotton ...
Tags: Cotton Exports, Cotton Policy
China's February alumina imports rose 31.4% year on year to 460,000 mt, according to data released by the General Administration of Customs late Monday. However, the February imports fell 28.1% from January. Over January-February, ...
Tags: Alumina Imports, alumina, alumina products
US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ...
Tags: Crude Stocks, pipeline capacity, refinery
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported Tuesday that the US imported a total of 3,250,000 net tons (nt) of steel in February, including 2,240,000 nt of finished steel (up 1.4 percent ...
Tags: Iron, Steel, finished steel
The US Department of Commerce (DOC) published in Tuesday’s Federal Register its preliminary determinations in the countervailing duty (CVD) investigations of non-oriented electrical steel from China, Korea, and Taiwan. Accordingly, ...
South Korea's imports of Iranian crude oil in February more than doubled to 8.140 million barrels, or 290,714 b/d, compared with 3.974 million barrels a year earlier, data released Tuesday by state-run Korea National Oil Corp. showed. ...
US spot mixed xylene prices fell to a 20-month low Monday at $3.54/gallon ($1,072.62/mt) FOB US Gulf Coast. Spot prices were last seen lower on June 28, 2012, when assessed at $3.50/gal FOB USG, Platts data showed. Mixed xylene prices ...
Tags: Mixed Xylene, xylene imports
There is uneasiness that, following the release of China’s cotton policy, there will be pressure from Chinese buyers on Indian spinners to further reduce prices. In recent months, Chinese buyers have already lowered yarn buying ...