Tiles & Ceramics
Atotal of 158.45 million square meters of tiles were produced in Iran during the first five months of the current Iranian year (March 21- Aug. 22) to register an increase of 4.4% compared with last year’s corresponding period.
Tile production during the fifth Iranian month (July 23-Aug. 22) stood at 33.98 million square meters, 0.9% more compared to the month before, Fars News Agency reported citing data from the Ministry of Industries, Mining, and Trade.
A total of 400 million square meters of tiles and ceramics were produced in the country last year (March 2018-19), over 100 million square meters of which were exported.
The nominal capacity of Iran's tile and ceramic industry rose from 500 million square meters in the fiscal March 2014-15 to 540 million square meters in the fiscal 2017-18.
Plans are underway to increase the figure to 700 million square meters by 2025.
About 80% of Iran’s tile and ceramics exports go to neighboring Iraq. Countries in East Asia and Africa are also customers of Iranian tile and ceramics.
Japanese ferrous scrap suppliers are under pressure to increase exports to counter rising inventories caused by a slowdown in demand ahead of this year's Tokyo Olympics.
There is a a growing expectation that northwest European coil mills will announce increases this month if import offers remain at their current high levels.
The price outlook for 2020 in Asia's benchmark containerised ferrous scrap market Taiwan is notably less optimistic than in global bulk market leader Turkey, reflecting the extent to which Asian and Atlantic scrap trends are increasingly diverging.
MOIL has declared Manganese Ore prices for the first quarter of CY20. Prices of Manganese Ore has been rebounding for the past few weeks. This can largely be attributed to the Manganese ore supplies from South Africa and Gabon decreased as the small miners shut down their mines when the prices hit below USD 4/dmtu. Manganese ores availability is an issue from Zambia and Brazil due to rainy season there and this has created a cascading effect and a Manganese Ore shortage in the domestic market was experienced which in line pulled the Manganese ore prices for the first quarter.
European base oil prices are likely to continue to face sustained pressure from structural oversupply of Group I, Group II and Group III grades. This will probably dampen any upwards price movement in the first half of 2020.
More than 800,000 tons of commodities have been exported to Central Asian countries via railroad from Sarakhs Border Terminal in the northeastern Khorasan Razavi Province since the beginning of the current Iranian year (March 21), registering a 58% surge compared with the corresponding period of last year.