Chinese Steel Prices Recover from Losses to Edge up

China’s construction steel futures recovered from the steep declines seen across international commodity and equity markets to close higher on Thursday, as possible Chinese production curbs ahead of winter remained in focus. Asian share markets sank on Thursday after Wall Street suffered its worst drubbing in eight months. Shanghai benchmark construction steel futures initially fared
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NEW DELHI: Indian sugar mills have signed deals to export raw sugar for the first time in three years as a rally in New York prices to seven-month highs along with Government subsidies made exports lucrative, five dealers and two industry officials said recently. Mills in the world’s second biggest sugar producer were reluctant to
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The price of steelmaking raw material coking coal jumped nearly 6 percent in China on Monday and coke rose more than 4 percent, buoyed by worries over tighter supply amid longer production curbs as investors returned after a week-long public holiday. The city of Handan in the smog-prone Hebei province issued a draft winter output
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Chinese rebar steel prices edged lower on Monday, hit by concerns of a rise in inventories as trading resumed after a week-long national holiday. Benchmark construction steel rebar prices on the Shanghai Commodity Exchange dipped 0.6 percent to 3,917 yuan ($568.01) a tonne as of 0215 GMT. However, hot-rolled coil contract rose 0.4 percent to
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Asian spot liquefied natural gas (LNG) prices eased slightly over the past week as healthy supplies going into the northern hemisphere’s autumn season countered upward pressure from a bullish oil market. Spot prices for November delivery LNG-AS dipped by 10 cents to $11 per million British thermal units (mmBtu), industry sources said. That slip came
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Minister of State for Finance Shiv Pratap Shukla on Wednesday (3 October 2018) said Prime Minister Narendra Modi is chalking out plans to reduce the skyrocketing fuel prices. “There has been no inflation under the Prime Minister Narendra Modi regime. However, the fuel prices have soared high. The Prime Minister is chalking out plans to reduce them,” he said. On
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Russian President Vladimir Putin said his American counterpart’s Iran sanctions are largely to blame for current high oil prices. “President Trump considers that the price is high; he’s partly right, but let’s be honest,” Putin said at the Russian Energy Week conference in Moscow on Wednesday. “Donald, if you want to find the culprit for
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Australian miner New Hope Corp on Tuesday said thermal coal prices would push higher in coming months, extending a rise that helped boost its profits in the last financial year. The company said its full-year pretax profit climbed 6 percent to A$149.5 million ($107.49 million) from $140.6 the year before, as markets for thermal coal
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Karnataka Chief Minister HD Kumaraswamy today 17 September 2018  announced that his government is reducing the prices of petrol and diesel by Rs. 2. The decision comes at a time when the Centre is under attack from the opposition as the fuel prices are scaling new heights every day. Petrol prices crossed Rs. 90 in at least 11 towns
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In Asia Pacific thermal coal circles it is known as the “great decoupling” and refers to the yawning gap between spot traded prices for Newcastle 6,000 NAR thermal coal and another grade of Newcastle thermal coal, 5,500 kcal/kg NAR. That gap has blown out to an unprecedented $50/mt, from only $10/mt in early February, and
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