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Cruz Azul's plant facing power outages for almost 2 years 10 May 2024 paying around forty million pesos monthly to the Federal Electricity Commission (CFE) and was current with its payments. Despite this, cement production has ceased, impacting the economies of eight municipalities, including Tula de Allende, Tepeji del... Type: Article Category: Markets & Competition Iron ore imports surge in China amid lower prices 10 May 2024 of iron ore, imported 101.82 million metric tons of the crucial steelmaking ingredient in April, signaling sustained demand despite lower prices in March. Analysts attribute the rise in imports to the allure of lower prices in March, prompting buyers to... Type: Article Category: Markets & trade Philippines grapples with Japanese coal carrier dilemma 10 May 2024 failure to report intentions upon arrival in Philippine waters and communication lapses with the Philippine Coast Guard. Despite a thorough search by Philippine authorities, no contraband was found onboard, and the vessel's paperwork appeared to be in... Type: Article Category: Shipping & logistics Soybean crisis strikes RS producers 10 May 2024 to 24 bags of soybeans per hectare, proves inadequate for Peres, who fears loss of productivity due to rotten grains. Despite efforts to salvage the crop, challenges persist as insurance assessments fail to account for the true extent of damage. The... Type: Article Category: Markets & trade Motril port's cargo increases in 1Q24 10 May 2024 with regular maritime lines witnessing an 87.5 percent increase in passengers and a 149 percent increase in vehicles. Despite the peak season during Operation Strait Passage, ferry activity remains robust throughout the year, contributing to Motril's... Type: Article Category: Ports & handling Cartagena Port breaks top 20 in European bulk industry 10 May 2024 Notably, solid bulk traffic spearheaded this surge, marking a 19.23 percent increase from 2022, totaling 8.75 million tons. Despite geopolitical tensions and global economic slowdown, Cartagena sustained its upward momentum, achieving a 2.9 percent... Type: Article Category: Ports & handling Cascades releases first quarter 2024 financial results 10 May 2024 financial results for the first quarter of 2024, as discussed by President and CEO Mario Plourde. Plourde noted that despite challenges posed by elevated raw material prices and inflationary pressures on operational costs, Cascades' first quarter... Type: Article Category: North America Pulp and paper giant's profits plunge dramatically 10 May 2024 Cerrado Project's physical schedule remains on track, reaching 94 percent, while financial progress stands at 87 percent. Despite this, cellulose sales volume declined by 2 percent year on year and by 13 percent compared to the previous quarter,... Type: Article Category: South America Martinez refinery hit with lawsuit 10 May 2024 to contain the situation, issuing a Community Warning System Level 1 notification and conducting community monitoring. Despite assurances from the refinery that the release was contained on-site, Contra Costa Health has raised concerns about potential... Type: Article Category: End-user Markets Granite's material momentum increases 10 May 2024 saw increased pricing in aggregates and asphalt, contributing to a boost in gross profit within the materials segment. Despite some losses from acquired businesses, the company achieved a year-over-year revenue gain. Kyle Larkin, president, and CEO of... Type: Article Category: Other Material costs rise 10 May 2024 to paid subscribers.","link":"1"}]Building construction costs continue their upward trajectory, according to On-Site. Despite a slowdown in the pace of increase, prices climbed in the first quarter of 2024. Statistics Canada data reveals that while... Type: Article Category: Construction Ammonium nitrate prices increase 10 May 2024 a surge in the prices of liquid ammonia and nitric acid, providing some positive support to the ammonium nitrate market. Despite sufficient spot supply of nitric acid in the market, delivery concerns persist. Downstream merchants are primarily adopting... Type: Article Category: Volume & Pricing Brazilian cement sales increase in April 09 May 2024 of factors including favorable weather conditions and a rebound in housing projects like the Minha Casa Minha Vida program. Despite challenges including the high default rates and household debt, the industry remains optimistic about its trajectory,... Type: Article Category: Markets & Competition Dangote refinery fuel delay update 09 May 2024 dynamics in petroleum product flows to West Africa, noting reduced supply from traditional sources like the Netherlands. Despite delays, the Dangote Refinery holds promise for regional energy independence, with expectations of significant petrol... Type: Article Category: End-user Markets Angelini Group's forestry division resurges with strong pulp revenues 09 May 2024 by 37 percent to USD 890 million. This growth is underlined by a 42 percent improvement in billing within the pulp segment, despite facing challenges such as lower prices.[/PAID] Copyright CW Group. All rights reserved. Unauthorized distribution... Type: Article Category: South America Wheat rises, soybeans and corn slide 09 May 2024 winter wheat harvest, a reduction in Russia's grain export quota, and procurement activities by Egypt, Jordan, and Japan. Despite concerns over Brazilian floods impacting soybean prices, the actual damage seems less severe than initially estimated,... Type: Article Category: Markets & trade Oil and sugar boost April trade surplus 09 May 2024 Económico shares Brazil's trade balance for April showcased a surplus, driven by robust exports of oil and sugar, despite declines in soybean and iron prices. In April, Brazil recorded a trade surplus of USD 9.041 billion, marking a 13.7 percent... Type: Article Category: Markets & trade Heidelberg Materials unveils 1Q24 financial results 08 May 2024 initiatives and expansion drive success (CW Group) Heidelberg Materials commences the 2024 financial year with resilience, despite a decline in revenue. The company's focus on profitability, strict cost management, and strategic investments underscore... Type: Article Category: Financial Indonesia's aluminum revolution 08 May 2024 investment in Southeast Asia's largest floating solar plant underscores the commitment to sustainable energy practices. Despite the substantial investments, the UAE remains a relatively minor foreign investor in Indonesia. However, with the potential... Type: Article Category: End-user Markets BOC acts against ship in Bohol Sea 08 May 2024 regarding the vessel's Automatic Identification System being turned off and the inability to establish radio communication. Despite the master's explanation of drifting to a safe place upon the charterer's advice, the vessel remains subject to seizure... 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