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OfBusiness Primary TMT Daily Market Report | 13th June 2024
Primary TMT
Daily Market Report
13 June

OfBusiness Primary TMT Daily Market Report | 13th June 2024

The prices of primary TMT remain stable, with mills negotiating larger inquiries amidst an upward trend in demand. SAIL plans a significant investment in a steel plant in Burnpur, Bengal, focusing on flat products. Forecasts suggest potential TMT price drops due to negotiation flexibility.
OfBusiness Petroleum Daily Market Report | 13th June 2024
Petroleum
Daily Market Report
13 June

OfBusiness Petroleum Daily Market Report | 13th June 2024

Brent crude futures lost 14 cents, or 0.17%, to $82.46 a barrel at 0039 GMT, and U.S. West Texas Intermediate (WTI) crude futures fell 16 cents, or 0.2%, to hit $78.34. Both benchmarks had gained about 0.8% in the previous session. MCX Crude oil prices opened at 6535 with a fall of 0.64%.
OfBusiness Flat Steel Daily Market Report | 13th June 2024
MS Flats
Daily Market Report
13 June

OfBusiness Flat Steel Daily Market Report | 13th June 2024

No changes were reported in the flat steel prices. India's rapid growth makes it a key market for steel with an optimistic outlook for June, though imports may affect prices. Steel imports in India hit a five-year high and consumption reached a six-year peak.
OfBusiness Stainless Steel Daily Market Report | 13th June 2024
Stainless Steel
Daily Market Report
13 June

OfBusiness Stainless Steel Daily Market Report | 13th June 2024

Nickel is down 0.69% at $17,870/ton. SS 304 CR 2B is Rs.197-200/kg, SS 316L Rs.320-323/kg. Demand stable for 304/316L; strong for 201 grades. USDOC reviews anti-dumping duties, Indonesia’s nickel ore to deplete by 2029, Tsingshan’s LME plans nickel listing.
Low Density Polyethylene Market Set for Steady Growth with a 4.40% CAGR,

Low Density Polyethylene Market Set for Steady Growth with a 4.40% CAGR,

The US low density polyethylene (LDPE) market is expected to grow steadily with a projected CAGR of 2.4% until 2034. This reflects consistent demand and usage across various applications in the coming years.
Yara starts up Europe’s largest green hydrogen plant in Norway

Yara starts up Europe’s largest green hydrogen plant in Norway

Yara International, a fertilizer manufacturer, has begun production of renewable hydrogen and ammonia at its Heroya plant, Europe's largest electrolyzer, based in Porsgrunn, Norway.
European Potassium Silicate Makers See Price Upsurge Amidst Asia’s Mixed Trends

European Potassium Silicate Makers See Price Upsurge Amidst Asia’s Mixed Trends

May 2024 saw significant price fluctuations in the global Potassium Silicate market. European prices surged, while Asia displayed a mixed trend, with prices falling in China and South Korea due to weak demand, but remaining stable in India.
Sarnia shutdown for Ineos Styrolution

Sarnia shutdown for Ineos Styrolution

Ineos Styrolution will permanently cease operations at its styrene monomer production site in Sarnia, Ontario by June 2026. The decision, dictated by the facility's economics and dim long-term prospects, was announced by CEO Steve Harrington.
Fertiliser maker Paradeep Phosphates launches nano urea and DAP products

Fertiliser maker Paradeep Phosphates launches nano urea and DAP products

Paradeep Phosphates Limited (PPL) launches biogenic Nano Urea and Nano DAP, branded as Jai Kisaan Navratna Nano Shakti. The Nano Urea is expected to optimize storage, cost, and enhance crop yields significantly.
Singapore To Receive Its First Fuel Oil Cargo Exported From Nige…

Singapore To Receive Its First Fuel Oil Cargo Exported From Nige…

Singapore is set to receive its first fuel oil cargo from Nigeria's new Dangote Refinery, marking a significant step in Nigeria's export capabilities.

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