China Petroleum and Chemical Corp, or Sinopec, has raised its ex-works butadiene price in East China by Yuan 100/mt to Yuan 8,800/mt Friday, traders said. The latest price is equivalent to $1,182/mt on an import parity basis. But the ...
Tags: Sinopec, downstream markets
We don’t regard Chrysler, Ford and General Motors as the Big 3 anymore, and for good reason. Detroit’s near-total dominance of the American car market and the U.S. policies that shape it is a fading memory. They operate in a ...
Tags: Power of Detroit, Trade Alliances
Asian paraxylene buyers placed their counterbids for June at $1,150-1,170/mt CFR, more than $100/mt lower than nominations for the Asian contract price, sources close to the negotiations said Thursday. There are four PX ACP sellers in ...
Tags: paraxylene, oil
Nigerian light sweet crude Akpo has seen its values fall sharply amid weaker demand because of a drop in refining margins, trading sources said Thursday. About a month ago at the start of the trading cycle of the Nigerian June loading ...
In a report this week, the Latin American Steel Association (Alacero) outlined struggles to reduce the charges of unfair trade between countries that are trading partners. Rafael Rubio, director of Alacero, expressed concern over an ...
Tags: steel demand, steel production
Sellers at the 8th Asia LNG summit in Beijing Wednesday said there is a growing shortfall of LNG globally, as buyers wait on the sidelines, preferring to sign LNG term contracts linked to other indexation points rather than traditional ...
Tags: Potential LNG, gas
Volvo brand new trucks were released in Seoul on May 20, and they held introduction meeting and test driving activities on the occasion, marking that the new trucks enter Asian markets. And Volvo trucks are setting higher standards for high ...
Tags: Volvo Truck, Asian Markets
Iran is loading eight LPG cargoes totaling 317,000 mt in May for export to Asia, the biggest monthly volume since resuming shipments in May 2013 following an eight-month halt on concerns over an EU ban on shipping insurance, shipping and ...
India International Leather Fair – Delhi 2014 will be held from 3rd to 5th July, 2014 at Pragati Maidan, New Delhi. It will have on display the entire range of products relating to leather industry from raw material to finished ...
Tags: raw material, Leather Fair
World 2014/15 cotton mill use is forecast at 111.8 million bales, up 2 percent from 2013/14, reflecting an expanding global economy. The two largest consuming countries are China and India, with a combined cotton mill use of over 60 million ...
Tags: Cotton Consumption, global economy
With the US styrene monomer price hitting a six-month low this week, the arbitrage to send cargoes from the US Gulf to Far East Asia has opened, traders said Friday. Offers for cargoes loading in June in the US and arriving in Northeast ...
Global demand for imported thermal coal is expected to continue to grow but at a slower rate of 2% per year until 2018, as China faces an oversupply of domestic coal and shifts to a more diverse mix of renewable energy sources to address ...
Tags: Thermal Coal, coal production
Volvo Trucks' much-heralded new range has been launched in Asia today. The completely renewed product portfolio - which includes the flagship Volvo FH, voted 'International Truck of the Year 2014' in Europe - is pushing the limits on what ...
Tags: Volvo Truck, Dynafleet system
The US ferrous scrap import market was quiet in East Asia during the week, regional traders said Thursday. Importing mills were staying away because they believed US scrap prices were likely to soften after iron ore broke the $100/dry mt ...
Tags: Steel Mills, Bulk Scrap
Global process control and yield management product leader KLA-Tencor’s newly launched Taiwan Training Facility continues to reflect the market’s important role in the company’s business strategy. New Taiwan training ...
Tags: KLA-Tencor, market demands