NEW YORK, Oct. 19, 2021 The iron castings market is poised to grow by 1216.82 thousand MT from 2021 to 2025, according to Technavio. The report offers an up-to-date analysis and to know exact growth variance and the Y-O-Y growth rate- Request a free sample report. The market is fragmented, and the degree of fragmentation will decelerate during the forecast period.
Oil prices turned down after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. Chinese coal prices and other commodity prices slumped in early trade, which in turn pulled oil prices down from an uptick earlier in the day.
* Brent, WTI up around 20% since beginning of September. * API shows crude stocks up, fuel stocks down -sources. * Official U.S. inventory data out Wednesday. By Stephanie Kelly.
Oil futures rose on Tuesday and were near multi-year highs as an energy supply crunch continued across the globe, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs. The Brent crude benchmark rose 75 cents to settle at $85.08 a barrel. Prices have been climbing the last two months.
Union workers at Exxon Mobil Corp's Beaumont, Texas, oil refinery overwhelmingly rejected the company's six-year labor contract on Tuesday, extending a lengthy standoff over job assignments.
BEIJING--China's September new home prices declined for the first time since March 2015, amid tighter measures to curb housing speculation and cool the property sector. Average new home prices in China's 70 major cities edged down 0.08% in September from the previous month, compared with a 0.16% increase in August. Meanwhile, fewer cities reported a price increase from the prior month, with prices of new homes rising only in 27 out of 70 cities in September, down from 46 cities in...
China's new home prices stalled for the first time since February 2020 in September, official data showed on Wednesday, as the chill in the property market intensified amid tightening credit due to an ongoing crackdown on speculative investment.
China's central bank kept its benchmark loan prime rate unchanged on Wednesday. The one-year LPR remained at 3.85% and five-year LPR at 4.65%, the bank said. The last time the central bank cut the LPR was April last year when the economy was hit by the pandemic shock.
Asian shares advanced and U.S. long-dated bond yields edged up to a five-month high on Wednesday on rising optimism about the global economy and corporate earnings while the yen slipped to a four-year low on the dollar. Japan's Nikkei rose 0.8% while MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3%, led by 0.9% gains in Australia.
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