Home > Chemical News

Headline News

China ex-works Henan alumina prices edge higher to Yuan 2,510/mt

China ex-works Henan alumina prices edge higher to Yuan 2,510/mt

The Platts China spot alumina price ex-works Henan basis firmed another Yuan 20/mt ($3.24) Thursday to settle at Yuan 2,510/mt for 70:30 cash and credit payment terms, after rising Yuan 20/mt Wednesday from Yuan 2,470/mt Tuesday. Prices have rallied in the past two days on the back of tighter spot supply, continued strong demand expected for the fourth quarter, and higher domestic aluminum prices, multiple market participants said. On Thursday, the front-month September aluminum contract on the Shanghai Futures Exchange closed at Yuan 14,380/mt, up from Yuan 14,300/mt last week, and also Yuan 14,135/mt a month ago. Henan refiners' offers for spot were heard at Yuan 2,500-2,550/mt Thursday, widening from Yuan 2,480-2,540/mt Wednesday, and up from Yuan 2,450-2,500/mt earlier in the week. "Sellers have raised offers to very high levels, as they are speculating that Q4 will be strong," a Henan smelter said. "Some are also holding back on selling now in anticipation of higher prices, so it's hard to get stocks." "You can't get any Henan alumina now below Yuan 2,500/mt cash. We expect to see spot around Yuan 2,530/mt cash in September," a Henan refiner said. In neighbouring Shanxi province, spot offers for alumina were steady at Yuan 2,480-2,500/mt cash Thursday, with tradeable prices pegged at Yuan 2,450-2,480/mt, up from mostly around Yuan 2,450/mt previously. Down south in Guangxi, offers were heard at Yuan 2,380-2,400/mt cash in the last couple of days, up from Yuan 2,350-2,380/mt previously. Tradeable levels were pegged at a minimum Yuan 2,350/mt. Besides strong sentiment for the fourth quarter, firmer imported alumina prices recently also added support to domestic alumina, sources said. The Platts Australian alumina daily assessment stood at $323.50/mt FOB Thursday, up $2.50/mt from Wednesday and up $3.50/mt on the week. >>

Chemical News

more>>
  • Coal giants axe output amid prolonged malaise

    Coal giants axe output amid prolonged malaise

    http://www.chemnet.com
    TAIYUAN - Winter for China's coal mine industry may be longer and more severe than expected as a third coal mine behemoth announced plans on Monday to reduce production amid plunging prices. Datong Coal Mine Group, based in coal-rich Shanxi province in North China, said it wo...>>>

  • China domestic spot aluminum alloy ADC12 offers rebound on higher primary ingot ...

    China domestic spot aluminum alloy ADC12 offers rebound on higher primary ingot ...

    http://www.chemnet.com
    Offers for Chinese domestic spot aluminum alloy ADC12 rebounded Tuesday, mainly on higher primary aluminum ingot prices despite no significant change in physical buying interest during the current summer lull, industry sources said. Platts lifted its weekly China domestic ADC...>>>

  • 100 Spot Commodities Price Chart - 28/08/2014 08/29

    It was assessed by SunSirs that in the tracked 100 spot commodities,11 commodities increased in prices, 33 fell and 56 remained unchanged on 28/08/2014.The largest rises were Glass (0.75%),LPG (0.52%),Cold rolled sheet (0.52%),while the largest falls were St...>>>

  • US rail shipments of crude, products last week up 28.4%, YTD up 10.5% on 2013:AAR 08/29

    Rail traffic for crude oil and petroleum products in the US rose 743 units for the week ending August 23 to 16,396 carloads, a 28.4% increase from the same time last year, data from the Association of American Railroads showed Thursday. Shipments rose above 16,000 carloads for only the fourth time this year, and remained well above the year-to-date a...>>>

  • Thailand's July crude, condensate imports rise 5% on year to 666,591 b/d 08/29

    Thailand's crude and condensate imports in July rose 4.7% from a year earlier to an average 666,591 b/d, including rare volumes from Colombia and Pakistan, according to data from the country's customs department released Thursday, August 28. Total crude imports for the month were up 5.5% year on year at 632,710 b/d, although condensate inflows slid 7...>>>

  • Japan's August gasoline demand falls 5% on year despite peak driving season: JX 08/29

    Japan's largest refiner JX Nippon Oil & Energy plans to process 4.82 million kiloliters or 1.01 million b/d of crude for the domestic market in September, down 5% year on year, a company official said Thursday. The company's August oil products exports dropped 42% year on year to 420,000 kl as a result of recent capacity cuts and deteriorated margins...>>>

  • NWE high sulfur fuel oil backwardation nears 5-month high on arbitrage East 08/29

    Backwardation in the Northwest European high sulfur fuel oil market soared to a near five-month high Thursday as the 3.5% FOB Rotterdam barge physical premium to the front-month swap hit $6.00/mt. The last time it was as high was April 4. Traders said this was due to large arbitrage volumes to Asia, which have cleared oil from the region. "The ...>>>