Investment bank Goldman Sachs late Wednesday lowered its iron ore price forecast for 2017 by $5/dmt to $35/dmt CFR China after a faster-than-expected softening in seaborne prices. "Iron ore prices have reached our $40/dmt forecast one ...
Tags: iron ore price, steel
The US vinyl acetate monomer market is seeing a tightening of supply that will likely push pricing higher through the first quarter of 2016 despite falling feedstock prices and a weaker energy sector, sources said. US VAM increased $20/mt ...
New Orleans bunker fuel remained in short supply Thursday, which has caused high-sulfur product prices in that port to spike relative to the nearby and competing Houston market. New Orleans IFO 380 3.5%S was assessed at $205/mt ex-wharf ...
The 20-year cost of the Midcontinent Independent System Operator's compliance with the US Clean Power Plan could be as little as $5.8 billion to as much as $104 billion in today's dollars, depending on which strategies are pursued, ...
Tags: Clean Power, natural gas
Changes to the UK renewable energy subsidies, including programs such as Feed-in Tariff scheme and Renewable Obligation, will contribute a total reduction of GBP500 million-GBP600 million ($746 million-$895 million) from the Levy Control ...
Tags: Renewables Energy, fuel, climate change
The US fuel oil hi-lo, the spread between US Atlantic Coast 1%S fuel oil and US Gulf Coast 3%S fuel oil, fell below $1/b Thursday for the first time since October on an expected lack of demand for power generation. Platts assessed USAC ...
The Asian gasoil market saw a sharp reversal in fortunes this month as higher exports from India and North Asia and weakness in Europe, despite the cold season, clamped shut arbitrage outflows from Asia, resulting in a buildup in supply ...
Tags: Gasoil, sulfur gasoil
According to ABI Research, the consumer robotics market is set to close out 2015 at 33 million shipments with total revenues of US$3.5 billion. By 2025, both shipments and revenues are expected to dramatically increase, with ABI Research ...
Tags: Consumer Robotics, Robotic Toys
Call it a tale of two sectors -- China's slipping manufacturing and flourishing service sector have defined the country's economy. The Chinese economy is undergoing heavy restructuring as it slowed to a six-year low of 6.9 percent in the ...
Tags: economy, service sector, manufacturing
China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy. The rate is slightly lower than the ...
Tags: Central Bank, economy
China's emerging industrial sectors, inspired by technological innovation and innovative policies, have developed rapidly in 2015. The boom in telecommunication, high-tech manufacturing, e-commerce, new energy and other emerging ...
China's annual economic growth could be between 6.6 percent and 6.8 percent next year, with employment and consumer prices remaining stable, a government think tank forecast on Wednesday. However, with growing downward pressure due to ...
Tags: economic growth, GDP
The cash price for CARBOB gasoline in Los Angeles, California, climbed 14 cents/gal Wednesday, supported by nearly 1 million b/d of refinery capacity affected by unplanned maintenance issues. Los Angeles CARBOB was assessed at NYMEX ...
Tags: CARBOB gasoline, Unleaded gasoline
Sinotruk T7H-B Edition Dangerous Chemicals Tractor won great fame from users after being put into market in Xinjiang in December, 2015. The first batch of 6 tractors were delivered to end-users. The other 30 tractors will also be delivered ...
China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank