After dropping for five consecutive weeks, ferrous scrap prices in eastern China remained stable for the second week following the recent increase in domestic rebar and seaborne iron ore prices. Platts assessed heavy melting scrap 6 mm ...
Tags: ferrous scrap, iron ore
Chinese stocks tumbled for the second straight session Thursday led by brokerages and the coal sector. The benchmark Shanghai Composite Index dropped 0.65 percent to close at 3,612.49 points. The Shenzhen index lost 0.58 percent to finish ...
Tags: Shares, Brokerages
China's stocks closed lower on Wednesday despite financial heavyweights performing strongly. Shanghai lost 0.43 percent to end at 3,636.09 points. The smaller Shenzhen index dipped 1.0 percent, or 131.26 points, to close at 13,007.87 ...
Tags: Shares, Financial Bluechips
he Bank of Japan (BOJ) announced on Friday it would expand the size of its asset purchasing program while maintaining the same size of the monetary base, in a bid to drive wages higher and boost business spending, two mainstays of the ...
Tags: Bank of Japan Unveils, Increase Wages, Business Spending
Tsinghua Unigroup of mainland China announced on Dec. 11 to acquire a 24.9 percent holding in Siliconware Precision Industries Co., Ltd. (SPIL) and a 25 percent stake in ChipMOS Technologies (Bermuda) Ltd. for total cost of NT$68.8 billion ...
Tags: Tsinghua Unigroup, semiconductor, Processing Machinery
Brazil's Braskem has been buying bigger volumes of naphtha from Europe in recent days due to low stocks in Brazil as the petrochemicals producer continues to negotiate with Brazilian state-led oil company Petrobras over the terms of a ...
Crude futures settled Thursday at multi-year lows on a stronger US dollar and persistent concerns about oversupply. NYMEX January crude settled down 57 cents at $34.95/b, lowest front-month settle since February 2009. ICE February Brent ...
Tags: Crude, ULSD, crude stocks
China's bluechip-tracking Hushen 300 index changes its sample on Monday to include more growth stocks. [Photo: tooopen.com] China's bluechip-tracking Hushen 300 index changed its sample on Monday to include more growth stocks. While ...
Tags: stocks, Hushen 300 Index
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
Platts assessed spot aluminum premiums on a CIF Japan basis at $90-$100/mt plus London Metal Exchange cash on Tuesday, up from $90-$95/mt plus LME cash on Monday as sellers held on to higher premiums. Two overseas sellers said they would ...
After more than doubling its strategic oil reserves since last year, China may apply the brakes to its buying spree as storage availability is expected to be limited, while a climate of depressed prices will reduce any urgency to snap up ...
Tags: Oil Reserve, crude, oil price
A weak crude complex which has seen futures values drop to multi-year lows is only adding to an already depressed Amsterdam-Rotterdam-Antwerp spot propane market, where demand has failed to benefit from any increase in end-user heating ...
Tags: Weak Crude, temperatures, propane
U.S. farmers will harvest 13.9 billion bushels of corn, the second-largest crop ever, and 3.785 billion bushels of soybeans next year, USDA said in its first projections of the new crop. The new crops would follow three years of bumper ...
Crude futures fell Friday after the International Energy Agency said global oil markets will remain oversupplied at least through 2016. NYMEX January crude settled $1.14 lower at $35.62/b. ICE January Brent settled down $1.80 at $37.93/b. ...
Unseasonably strong gasoline demand is proving for US refiners to be the gift that keeps on giving this holiday season, as support from seasonal diesel demand is tamped down by record high temperatures across much of the US. Gasoline ...