Hellenic Shipping News Worldwide, Commodity News

Iron ore price drop by 5% in May on trading by Chinese mills

Mon, 20 May 2013 00:00:08 GMT

Iron ore market continued on the corrective course by the weekend chipping of 5% value in May. A thudding 18% fall since February

'Government can get Rs 25,000 cr by export of 17 MT wheat lying in open'

Mon, 20 May 2013 00:00:00 GMT

The government could garner over Rs 25,000 crore by just exporting 17 million tonnes of wheat that are lying

Coal shortage to be significant by end of XII Plan

Mon, 20 May 2013 00:00:00 GMT

The dependence on imported coal for meeting energy requirements is likely to continue in the coming years,

Commodity prices mainly retreat

Mon, 20 May 2013 00:00:00 GMT

Commodity prices mostly weakened this week, hit by a stronger dollar and falling demand for raw materials

Commodities trading: not for the faint-hearted

Mon, 20 May 2013 00:00:00 GMT

Once the darling of hedge funds, commodities are now looking like a poisoned chalice. Last year, hedge funds

Argentina, Brazil and the US form alliance of corn producers: Maizall

Mon, 20 May 2013 00:00:00 GMT

The US National Corn Growers Association, ABRAMHILO (Brazil), MAIZAR (Argentina), and the US Grains Council,

The enduring glow of gold: Andy Xie

Mon, 20 May 2013 00:00:00 GMT

The global economy has already entered into stagflation with a growth rate of 2% and inflation at 3%. The

Wheat Caps Biggest Weekly Drop Since March on Production Gain

Mon, 20 May 2013 00:00:00 GMT

Wheat slid, capping the biggest weekly drop since March, on signs that global production will rise to a record as

China plans new quality standards for thermal and coking coal

Sun, 19 May 2013 00:00:09 GMT

China is looking to set quality standards for both imported and domestic traded thermal and coking coal and bar the import and domestic

Indian steel production may cross 200 million tonnes by 2020

Sun, 19 May 2013 00:00:08 GMT

India, which is the third largest consumer of steel after China and the United States, is poised to achieve a major milestone by raising

Gold Bears Revived as Rout Resumes After Coin Rush: Commodities

Sat, 18 May 2013 00:00:18 GMT

Gold bears are dominant again after prices resumed their slump and billionaire George Soros joined investors selling holdings in

China's daily steel output hit record high in early May-CISA data

Sat, 18 May 2013 00:00:17 GMT

China's average daily crude steel output hit a record high of 2.193 million tonnes in the first 10 days of May, up 3 percent from the preceding

European stainless steel producers divided over alloy surcharge

Sat, 18 May 2013 00:00:16 GMT

European stainless steel producers remain divided over whether an alloy surcharge for customers is hurting the industry. Some producers

Cold Weather Forecast for U.S. to Europe Seen Curbing Crop Yield

Sat, 18 May 2013 00:00:15 GMT

The U.S. and Europe may see colder and wetter conditions for the next 25 to 30 years, curbing yields for grain farmers, said Piers Corbyn,

Can Credit Suisse poll participants be wrong about $1400/oz Gold?

Sat, 18 May 2013 00:00:00 GMT

Credit Suisse Group AG conducted a poll on the price of gold and the response of the participants gleamed that

Wheat output may be lower than Ministry estimate of 93.6 mt

Sat, 18 May 2013 00:00:00 GMT

India’s wheat crop is expected to be much lower than 93.6 million tonnes forecast by the Agriculture Ministry

Iron ore officially in bear market

Sat, 18 May 2013 00:00:00 GMT

The price of iron ore has officially entered bear market territory, according to Bloomberg. The commodity has

Vedanta earnings hit by mining bans

Sat, 18 May 2013 00:00:00 GMT

The fall in commodity prices and the mining bans in Karnataka and Goa have weighed heavily on London-listed

Slower decline observed in Turkish crude steel output

Sat, 18 May 2013 00:00:00 GMT

According to a statement released by the Turkish Iron and Steel Producers' Association (TCUD), in the first four

Indika Capex Withers as Falling Coal Prices Knock Local Firms

Sat, 18 May 2013 00:00:00 GMT

Listed Indonesian coal miner Indika Energy slashed its capital expenditure this year by nearly 70 percent to

Expansion of steel production capacity prohibited

Sat, 18 May 2013 00:00:00 GMT

China is trying to solve the overcapacity problem in the steel industry by forbidding new production capacity

Gold Has Worst Outlook in Credit Suisse Poll on Commodities

Sat, 18 May 2013 00:00:00 GMT

Gold has the worst 12-month outlook among commodities and will trade below $1,400 an ounce in a year,

Despite better loading, Coal India fails to reach monthly targets

Sat, 18 May 2013 00:00:00 GMT

Coal India Limited (CIL), the world’s largest coal miner, has set for itself an average daily loading target of 212

Mexican steel production increase in Q1

Sat, 18 May 2013 00:00:00 GMT

According to the National Chamber of the Iron and Steel, cumulative production of Mexican steel grew 3.4% in

Vedanta to Resume Iron Ore Mining by June After Ban Lifted

Sat, 18 May 2013 00:00:00 GMT

Vedanta Resources Plc (VED), controlled by billionaire Anil Agarwal, is planning to resume iron ore mining in India’s

Rebar Set for Weekly Decline as Iron Ore Falls to Five-Month Low

Sat, 18 May 2013 00:00:00 GMT

Steel reinforcement-bar futures headed for a weekly loss as the price of iron ore, the main ingredient in

Aluminum Seen Winning Ground Over Steel, Copper

Fri, 17 May 2013 16:30:05 GMT

Aluminum demand is strong despite record-high inventories of the metal, and will be further buoyed in coming years by increased usage in

Copper Set to Decline 16% on Elliott Wave

Fri, 17 May 2013 16:30:04 GMT

Copper is poised to drop 16 percent by end of September to the lowest level in three years as it completes an Elliott Wave correction, according to technical analysis by Shanghai

French Wheat Seen Two Weeks Late as Cold Weather Delays Growth

Fri, 17 May 2013 13:30:07 GMT

Wheat development in France, the European Union’s biggest producer of the grain, is about two weeks behind schedule after cold

China unnerves Asia market with threatened embargo on low-CV thermal coal

Fri, 17 May 2013 10:00:08 GMT

Market reports that China's National Energy Administration is considering a proposal to outlaw the import of some grades of

Iron Ore Extends Five-Month Low as China Steel Mills Cool Buying

Fri, 17 May 2013 00:00:10 GMT

Iron ore extended losses for a fifth day to a five-month low on speculation Chinese mills are drawing on stockpiles as declining steel prices

China's hunger for Australian iron ore tipped to grow

Fri, 17 May 2013 00:00:09 GMT

Australia's economic fortunes have become increasingly tied to China's, and over the past decade the strength of Asia's economic giant has delivered

ASIA IRON ORE: Spot prices weaken as steel supply glut impedes ore demand

Fri, 17 May 2013 00:00:08 GMT

The spot iron ore market declined Thursday as steel overcapacity and poorer margins negatively affected end-user

Grains Decline on Rapid U.S. Planting Progress; Soybeans Rise

Fri, 17 May 2013 00:00:00 GMT

Corn fell for a third day in Chicago and wheat declined on speculation that dry, warm weather this week

Copper Drops for Third Day as Weak Data Raise Demand Concerns

Fri, 17 May 2013 00:00:00 GMT

Copper declined for a third day in London on concerns that demand from China, the U.S. and Germany, the

German Wheat Outlook Raised by DRV as Weather Compensates Delays

Fri, 17 May 2013 00:00:00 GMT

Germany’s wheat crop, the European Union’s second-biggest, will be larger than forecast last month after

Sugar Falls to 2010-Low on Brazil, Thailand Output; Cocoa Drops

Fri, 17 May 2013 00:00:00 GMT

Sugar fell to the lowest level since 2010 in New York as cane processing surged in leading producer Brazil and

Imported Iron Ore Market- Continuous Dropping in Iron Ore Price Finds No End

Fri, 17 May 2013 00:00:00 GMT

Imported iron ore price continued falling for USD 1-3 in seaborne market while spot prices also dropped for

Saudi Arabia Steel Industry Forecast 2017

Fri, 17 May 2013 00:00:00 GMT

Reportlinker.com announces that a new market research report is available in its catalogue:

'Iron and steel industries are economy's backbone'

Fri, 17 May 2013 00:00:00 GMT

Iron ore and steel industry is one of the basic industries of the country and plays an important role in

Explore untapped iron ore to meet steel demand: C S Gundewar

Fri, 17 May 2013 00:00:00 GMT

There is an urgent need to increase steel production which would require exploration of unmined iron ore

In slow steel market, Chinese mills resell iron ore

Fri, 17 May 2013 00:00:00 GMT

China's steel producers are selling some iron ore cargoes back into the market, cutting inventories to manage

Rebar Trades Near Lowest in 5 Months on Output, Iron Ore Price

Fri, 17 May 2013 00:00:00 GMT

Steel reinforcement-bar futures traded near the lowest level in more than five months amid rising output in China

Chinese coal companies struggle to cut costs

Thu, 16 May 2013 16:30:06 GMT

It is reported that China's coal companies are sparing no efforts to reduce costs on increased pressure from a prolonged slump in coal prices. As per report, there were altogether 14

Gold prices may average $1350/oz Q2 2013 and $1483/oz 2013: Barclays

Thu, 16 May 2013 16:30:05 GMT

Gold prices may average in the second quarter of this year at $1350/oz and $1483/oz in 2013, stated London based Barclays in its

S. African iron ore mining output up 11.2% in Q1 over Q4

Thu, 16 May 2013 13:30:10 GMT

According to the preliminary data released by Statistics South Africa, in March this year the country's mining production decreased by 3.5

Colombia's Coal Output Drops 21% in First Quarter From Year Ago

Thu, 16 May 2013 13:30:09 GMT

Colombia, one of the top coal exporters in the world, suffered a drop in coal production in the first three months of the year as a result

China's April crude steel output slips from March record

Thu, 16 May 2013 10:00:10 GMT

China's crude steel output hit 65.65 million tonnes in April, down slightly from a record high a month ago, as steelmakers kept production robust

Iron Ore Seen Strong Into 2014 on China Steel Demand, Supply

Thu, 16 May 2013 00:00:09 GMT

Iron ore prices will remain strong into 2014 on sustained demand in China, the largest producer of steel, and as an increase in global supply

Chinese steel path to America Latina: could Venezuela displace big buyers like Brazil?

Thu, 16 May 2013 00:00:08 GMT

According to the report “China – Latin America Monitor” issued by Alacero –Latin American Steel Association-