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Nitric acid insights 23 May 2024 The fluctuation in the nitric acid industry index underscores the complex interplay of factors shaping market conditions. Despite the recent decline, the industry has demonstrated resilience and substantial growth over the years. As stakeholders... Type: Article Category: Financial Roraima's Orinoco oil venture ignites industry growth 23 May 2024 formed in collaboration between PDVSA and A&B Oil and Gas. This partnership aims to bolster Venezuelan crude oil production despite existing sanctions. The venture targets the Zuata field's heavy crude, upgrading it at the G/D José Antonio Anzoátegui... Type: Article Category: End-user Markets U.S. paper shipments surge 23 May 2024 13 percent increase in U.S. printing-writing paper shipments in April 2024 compared to April 2023, according to Paper Age. Despite the increase in shipments, U.S. purchases of printing-writing papers decreased by 1 percent in March compared to the same... Type: Article Category: North America China's Coal Demand: Renewables Rise 23 May 2024 generation from renewables between January and April 2024, surpassing the 6 percent growth in fossil fuel generation. Despite a 29 percent year-on-year rise in steam coal shipments to China, they are beginning to feel the effects of this renewable... Type: Article Category: Markets & trade Soybean export estimates trimmed 23 May 2024 week of May 19th to 25th. Anec's revised estimates for soybean exports highlight the dynamic nature of agricultural trade. Despite adjustments, soybean exports remain a significant component of the global commodities market, impacting various sectors... Type: Article Category: Markets & trade Riyadh Cement shares 1Q24 results 22 May 2024 Riyadh Cement forecasts rising demand despite early challenges (CW Group) Riyadh Cement Co. reported solid 1Q2024 financial results despite high production costs and reduced sales volumes due to increased fuel prices and interest rates, according to... Type: Article Category: Financial Unacem reports a 13.9 percent increase in first-quarter revenue 22 May 2024 projects and equipment upgrades. Additionally, Unacem’s EBITDA rose to PEN 419 million, a 7.2 percent increase, despite a slight margin decrease due to higher production costs in Peru and Ecuador. Unacem's growth highlights its strategic focus on... Type: Article Category: Financial Billerud shifts strategy, ends Esky expansion 22 May 2024 levels, led to the cancellation of the expansion, with inflation and currency exchange rates cited as contributing factors. Despite this setback, Billerud remains committed to transitioning its U.S. production towards packaging materials, albeit at a... Type: Article Category: North America Seshasayee Paper's strategic expansion move 22 May 2024 dynamics in FY25, particularly in the domestic segment, amid pricing pressures from imported paper and rising input costs. Despite these challenges, Seshasayee Paper remains focused on optimizing efficiency and capitalizing on growth opportunities.... Type: Article Category: India Beauce Industry's Record-Breaking Year 22 May 2024 at the APBB, announced substantial rebates totaling USD 250,435 for producers delivering high-quality pulpwood. Despite mixed results in the sawtimber sector, 2023 stood out as the second-best year in terms of prices in the last decade. Fir-spruce log... Type: Article Category: North America Iron Ore surges amid rising China demand 22 May 2024 to a three-month peak (CW Group) Iron ore futures surged to a three-month high as China's demand outlook strengthened, despite ample global supply, reports XM. The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) soared... Type: Article Category: Markets & trade Baltic index drops again 22 May 2024 53 points, or 1.96 percent, to 2,655, with average daily earnings for capesize vessels decreasing by USD 445 to USD 22,015. Despite the overall decline, iron ore futures rose, supported by resilient demand, and improved prospects in China. Conversely,... Type: Article Category: Markets & trade Algeciras Port impacted by strike 22 May 2024 decline in solid bulk cargo, directly linked to the shutdown of Acerinox's only stainless-steel melting plant in Spain. Despite this, the port reported a total of 36 million tons of cargo moved from January to April, marking a 3 percent increase... Type: Article Category: Shipping & logistics Bangladesh: clinker demand expected to increase 21 May 2024 dollar and rising costs associated with letters of credit. As a result, the price of a 50-kilogram bag of cement has risen. Despite passing these costs on to consumers, many cement manufacturers are still facing financial challenges. Smaller companies,... Type: Article Category: Volume & Pricing Ammonium nitrate market update 21 May 2024 due to equipment maintenance in key production areas, leading to supply contraction and increased market speculation. Despite the rising costs of raw materials like nitric acid and liquid ammonia, the demand for ammonium nitrate in the downstream civil... Type: Article Category: Financial Rio Tinto alumina disruption 21 May 2024 shortage stems from disruptions in the regional gas supply, partly attributed to fires affecting the gas pipeline system. Despite this, Rio Tinto assures that its aluminum production will remain unaffected. In related news, Rio Tinto's Dampier Salt... Type: Article Category: End-user Markets Steel industry challenges persist 21 May 2024 exacerbated the challenges faced by metal makers. Last week, JSW Steel also reported a decline in fourth-quarter profit. Despite the challenges, both JSW Steel and Tata Steel are planning significant investments to expand capacity and meet the rising... Type: Article Category: Other Rising fiber costs impact 21 May 2024 International Paper spent USD 25 million more on OCC in North America compared to the previous year, affecting profits despite price hikes for boxes and containerboard. U.S. OCC currently averages USD 106 per ton, more than double the price from a year... Type: Article Category: North America South African ports rebound 21 May 2024 a capital investment of R3.9 billion, and a 24-hour maintenance regime to ensure equipment availability and reliability. Despite challenges such as weather disruptions, TPT is focused on maintaining operational efficiency through collaboration with... Type: Article Category: Ports & handling Ukraine's grain export rise 21 May 2024 thousand tons respectively in the previous season. This data underscores a robust grain export performance by Ukraine, despite slight variances in crop-specific figures compared to the previous year.[/PAID] Copyright CW Group. All rights reserved.... 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