Global refined zinc market in deficit year to date: ILZSG
Saturday, 29 October 2022
The global refined zinc market was in a 305,000 mt deficit of metal for the first nine months of 2018, while total inventories fell by 64,000 mt over the period, according to preliminary data compiled by the International Lead and Zinc Study Group released Wednesday. ILZSG noted that Chinese trade data for the months through
Malaysia slaps provisional antidumping duties on galvanized iron from China, Vietnam
Saturday, 29 October 2022
Malaysia has slapped provisional antidumping duties of 3.33% to 16.13% on galvanized iron imports from China and Vietnam, effective November 8 for about 120 days, the Ministry of International Trade and Industry said Thursday. The Malaysian government “…found that there are sufficient evidences to continue further with the investigation on the importation of galvanized iron
Global primary aluminum market moving towards deficit: Hydro
Saturday, 29 October 2022
The global primary aluminum market “is moving towards a deficit in 2018, and larger than earlier forecast, driven by slower-than-expected supply growth,” Norwegian producer Hydro said Wednesday in its third-quarter results statement. Production outside China is expected to increase by 1%-2% in 2018, the company said, adding that while production of primary aluminum in China
CFR North China iron ores hit new highs on strong restocking demand
Saturday, 29 October 2022
Singapore — Seaborn medium and high grade iron ore prices on CFR North Asia basis reached new highs Tuesday on strong demand from Chinese steel mills, who were restocking ahead of the winter season, market sources said. S&P Global Platts assessed the 62% Fe Iron Ore Index at $70.55/dry mt CFR North China Tuesday, up
US September propylene CPs’ 1-cent decline accepted by majority of market
Saturday, 29 October 2022
Houston — US September propylene contract prices showing a 1-cent decrease compared with August were accepted by a marketwide majority, sources said Friday. The decline is in line with most initial settlements from a week earlier. The 1-cent decline took the September polymer-grade propylene contract price down to 60 cents/lb ($1,323/mt) and the September chemical-grade
High purity Valeric Anhydride available at Nanjing Tengxiang
Saturday, 29 October 2022
Valeric anhydride (C10H18O3) CAS number 2082-59-9, also known as n-valeric anhydride, pentanoic anhydride, pentanoyl pentanoate and pentanoic acid, is mainly used as a synthesis reagent in intermediate pharmaceutical and biopharmaceutical steps. The most common application is in the production of the API – Butylphthalide. Used to treat hypertension and claimed to have neuroprotective effects. A
Crude futures trend higher, unaffected by API stock build
Saturday, 29 October 2022
London — The crude complex was trending higher on Wednesday morning in early European trading, despite US crude inventory data showing a build in stocks, with the market likely more focused on tightened market fundamentals, analysts said. At 1110 GMT, ICE October Brent crude futures were up 24 cents/b from Tuesday’s settle at $76.19/b, while
US propylene inventory up for seventh straight week
Saturday, 29 October 2022
Houston — US stocks of propylene for non-fuel use increased in the week ended August 15, representing a seventh consecutive week of growth, Energy Information Administration data showed Wednesday. Non-fuel use propylene stocks increased by 151,000 barrels last week to 3.108 million barrels, EIA data showed. Stock levels were also up by 284,000 barrels from
Increased soybean yield numbers forecast record US supplies: USDA
Saturday, 29 October 2022
Pittsburgh — Canada is opening a 15-day consultation period to look into the harm or threat of harm from steel imports to domestic producers, Finance Minister Bill Morneau said Tuesday. Speaking to reporters at ArcelorMittal’s Dofasco plant in Ontario, Morneau said the “unfair tariffs” levied by the US is causing other countries to seek alternative
Japan’s NSSC cuts August austenitic CRC, plate prices in 12-month first
Saturday, 29 October 2022
Tokyo — Japan’s Nippon Steel & Sumikin Stainless Steel Corp or NSSC Wednesday cut its August prices for austenitic stainless cold rolled coil and plates for distributors by Yen 5,000/mt ($45/mt), its first cut since August 2017. It kept ferritic CRC prices for August unchanged. NSSC does not disclose its list prices. The current market