Chemical News
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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...>>>
Low oil prices may cause US financial restructurings Oct 01,2015
US oil and gas companies' balance sheets have suffered mounting distress from nine months of oil prices that are less than half mid-2014 levels, with smaller operators the hardest-hit and many inching toward or already seeing defaults on debt and liquidity downgrades. Comments from bankruptcy and financial turnaround specialists ar...>>>
UK wholesale natural gas prices rise after system opens short May 18,2015
UK wholesale natural gas prices rose in early Friday trade, as the system opened undersupplied amid a sharp increase in exports to continental Europe. Exports through the UK-Belgium Interconnector -- which fell sharply Thursday to 6 million cubic meters, the lowest daily figure for six weeks -- saw IUK 10 am UK time (0900 GMT) expo...>>>
Los Angeles jet fuel spikes over 30 cents to 9-year high on refinery work May 18,2015
The Los Angeles jet fuel market jumped over 30 cents after being heard done at NYMEX June ULSD plus 60 cents/gal as several refineries in the region undergo maintenance. Platts assessed the market plus 26.25 cents/gal the previous day. This is a nearly nine-year high for the differential. It was last higher in December 2006, when i...>>>
Cheif Editor Lampson Liu of China Bulk Stock Network attends "Singapore International Energy Week (SIEW) 2011 Lunch" May 26,2011
Cheif Editor Lampson Liu of China Bulk Stock Network was invited to attend "Singapore International Energy Week (SIEW) 2011 Lunch" on 27 May 2011, Beijing, China. The Energy Market Authority of Singapore organises the annual Singapore International Energy Week (SIEW) to serve as a platform for senior government officials, industry leaders and ac...>>>