Chemical News
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Port maritime authorities to undertake sulfur cap campaign from 2018 Nov 14,2016
The port-based maritime authorities that undertake regulatory checks on ships are to mount a "concentrated inspection campaign" from 2018 to ensure compliance with new sulfur limits in bunker fuel, the Danish Maritime Authority said in a statement on its website. The move follows a Danish-Dutch initiative to ramp up monitoring of the regulations...>>>
Analysis: BASF-AkzoNobel deal ups restructuring pressure on others Feb 16,2016
* Deal could be a strategic-fit for Akzo, portfolio realignment * Further European mergers and acquisitions supported by low oil A potential purchase by AkzoNobel of BASF's industrial coatings business could put other chemical companies under pressure to re-structure their businesses if economic growth remains low, chemical-sector analysts sai...>>>
Petkim raises PVC Turkey list prices $15/mt Feb 16,2016
Turkish petrochemicals producer Petkim has raised its list prices of polyvinyl chloride $15/mt on tight supply, a company source said Monday. Petkim's price rise is the first since demand started slowing in May. Turkish spot prices were assessed stable on the week Wednesday at $680/mt CFR Turkey. Prices have tumbled 32% since May, when pol...>>>
EUROPEAN COMMISSION ANNOUNCES ANTIDUMPING INVESTIGATION ON CHINESE STEEL PLATE, HRC AND PIPES Feb 15,2016
The European Commission announced Friday it will start antidumping investigations into imports of Chinese steel heavy plates, hot-rolled flats and seamless pipes. The move has been long-waited in the European steel community following an official complaint filed by industry body Eurofer in late 2015 on behalf of the continent's producers. The...>>>
PWCS Australian coal shippers sent 30% less to China in Sept on month Oct 02,2015
The Port Waratah terminals at Newcastle port in eastern Australia shipped 611,000 mt of coal exports to China in September, down 30% from August's 878,000 mt and the lowest monthly volume since 608,000 mt in March, the Australian company said in an operating report Thursday. Shipment volumes for China from the PWCS terminals were n...>>>
Diesel emission scandal sends platinum to 13-year low against palladium Oct 02,2015
Platinum's premium over palladium fell to its lowest in 13 years Thursday, amid uncertainty surrounding the future of diesel technology and concerns the Volkswagen emissions scandal could push car buyers towards gasoline cars. Platinum is primarily used in diesel-fueled engines, while palladium is used in gasoline engines. >>>
Falling prices, demand lead to negative outlook for North American coal: Moody's Oct 02,2015
The outlook for the North American coal industry remains "negative" as the prices for both metallurgical and thermal coal remain low and consumption continues to drop, Moody's Investors Service said in a report Thursday. "Spot coal prices remain weak across all US coal basins due to reduced consumption and low natural gas prices," ...>>>
Sable natural gas resources could support LNG projects in Nova Scotia: official Oct 01,2015
Untapped resources of some 1 Tcf of natural gas in the Sable basin in Atlantic Canada could emerge as a potential supplier for planned LNG projects in Nova Scotia, Murray Coolican, the province's deputy energy minister, said Wednesday. "That basin is home to Encana's Deep Panuke and ExxonMobil's Sable gas projects that are now head...>>>
US steel sheet market continuing to feel downward pressure Oct 01,2015
Sparse buying in the US sheet market remained a major concern on Wednesday as pricing was under mounting pressure. Platts maintained is daily hot-rolled and cold-rolled coil assessments at $430-$440/st and $550-$560/st, respectively. All prices are normalized to a Midwest (Indiana) mill ex-works basis. Pricing for HRC w...>>>
Opportunistic buyers wait for US Gulf Coast petcoke prices to fall further Oct 01,2015
Buyers remained in an opportunistic position this week as prices for US Gulf Coast high sulfur petcoke continued to drop on an almost daily basis. Two 50,000 mt cargoes for November loading of 6% and greater sulfur petcoke originating out of the USGC were reportedly sold FOB at $32/mt and $33/mt, a trading source said. Similar carg...>>>
International Chemical Exhibition
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