Chemical News
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Rio Tinto's iron ore earnings jump 17% on year in 2016 Feb 09,2017
Iron ore accounted for 77% of Rio Tinto's total underlying earnings in 2016, as the mining giant returned to profitability in the second-half of the year on a recovery in commodity prices. In 2016, Rio Tinto's iron ore division contributed underlying earnings of $4.61 billion -- up 17% year on year -- to total earnings of $6.06 billion. The mine...>>>
S Korea aluminum premiums rise $3/mt on restocking, US, contango Feb 09,2017
Platts South Korean aluminum spot premium weekly assessment rose $3/mt week on week to $100-$105/mt plus LME cash, CIF Busan Wednesday from $97-$102/mt a week earlier. Market participants noted that premiums in South Korea have surpassed Japan as buyers are having to compensate for having slashed term contract purchase volumes. Strong bullish...>>>
Philippines' domestic bioethanol hits 16-month low in January Feb 09,2017
The Philippines' domestic bioethanol reference price weakened for the fifth consecutive month in January to Peso 56.01/liter ($1.12/liter), down Peso 0.48/liter from December to a 16-month low, according to data from the Philippines' Sugar Regulatory Administration. The price is calculated by adding the average feedstock cost to conversion cost....>>>
100 Spot Commodities Price Chart - 07/02/2017 Feb 09,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,41 commodities increased in prices, 17 fell and 41 remained unchanged on 07/02/2017.The largest rises were Sulfuric acid (3.60%),Benzene (3.32%),Hydrofluoric acid (3.24%),while the lar...>>>
China sets oil, gas supply targets by 2020 Feb 10,2017
China aims to increase domestic crude oil output to 200 million tonnes by 2020, while supply capacity for natural gas should exceed 360 billion cubic meters, according to plans published Thursday. China will add 1 billion tonnes of proven oil reserves annually from 2016 to 2020, according to the five-year plan released by the National Developmen...>>>
California gasoline grades pop on refinery issues, Mexico demand Feb 10,2017
Spot prices for CARBOB gasoline rose 5 cents/gal Thursday in San Francisco and 3 cents in Los Angeles on a combination of refinery issues, demand from Mexico, and data showing production declines in California. Los Angeles CARBOB traded at least five times for more than 125,000 barrels Thursday morning, lastly at NYMEX March RBOB futures plus 22...>>>
EQT buys Marcellus, Utica acreage in Stone Energy bankruptcy auction Feb 10,2017
EQT on Thursday said it won a bankruptcy auction that would see the Pittsburgh-based producer expand its Appalachian Basin footprint in West Virginia through the purchase of 85,400 net acres, including 53,400 net acres in the core of the Marcellus Shale play, as well as drilling rights on 44,100 net acres in the Utica Shale. Under the deal, whic...>>>
Indonesian Bumi Resources' 2016 coal output rises 6.5% on year Feb 10,2017
Major Indonesian producer Bumi Resources produced 86.5 million mt of coal in 2016, up 6.5% from a year ago, even as its average selling price, or ASP, fell 6%, the company said in a statement Thursday. The company's ASP for the year stood at $42.10/mt, down from $44.80/mt the previous year, the company said, citing market conditions and executio...>>>
Low density polyethylene price climb curbed by supply rise Feb 10,2017
European low density polyethylene prices were flat on the week as ready availability of material put a lid on potential increases. LDPE prices have risen 3% on the month to be assessed Wednesday at Eur1,335/mt FD NWE. By comparison, butene-grade linear low density polyethylene has risen 4% from January levels to be assessed Wednesday at Eur1,...>>>
Brazilian imports of seamless tube up 28% on year in Jan Feb 10,2017
Brazilian imports of carbon steel seamless tubes totaled 1,913 mt in January, up 28% year on year, data from the ministry of development and foreign trade showed Thursday. January's seamless imports were valued at $4.12 million on an FOB basis, down 12.5% from $4.71 million FOB a year earlier. Brazilian imports of welded tubes in January rose...>>>
London wholesale gold market mulling UK-focused trade body: sources Feb 10,2017
London gold market wholesalers are looking at forming a new body of representatives to deal directly with issues relating to the operations and taxation of the UK bullion industry, sources told S&P Global Platts. There are around 10 wholesale entities currently in negotiations to set up the new body. One source said the purpose of the body wo...>>>
Forged warehouse receipts related to nickel: Access World Feb 10,2017
Forged warehouse receipts for metal currently circulating in the market in the name of logistics company Access World appear to be related to nickel in Asia, the company said Thursday. "We note that currently all relevant forged warehouse receipts we have seen have been in the name of Access World Logistics (Singapore) Pte Ltd (previously Pacori...>>>
Strike at Chile's Escondida mine begins, copper production halted Feb 10,2017
Workers at BHP Billiton's Escondida mine in northern Chile walked out on strike Thursday morning, bringing production to a halt at the world's largest copper operation, the union said. "The strike has begun! Unity, dignity and strength comrades," the union said on its Twitter account. Mine management said Tuesday that they would halt all prod...>>>
Japanese scrap prices drop in monthly auction Feb 10,2017
The highest bid in Thursday's monthly auction for Japanese H2 grade ferrous scrap, for export from Tokyo Bay by March 31, was Yen 26,051/mt ($232/mt) free alongside ship, a decrease of Yen 1,179/mt on last month's highest winning bid, the organizer said. The monthly auction held by the Kanto Tetsugen group of scrap dealers around Tokyo received ...>>>
Oil cash risks overheating renewables market Nov 25,2020
The rush for renewable energy investments by oil companies is driving up values and risks“overheating”the sector, a report from IHS Markit has warned. European oil and gas companies, the consultancy said, including Shell, BP and Total are driving this spending. These companies’drive to shift into renewables has brought a wave of ad...>>>
SunSirs: Upstream Price is High, China PA66's Rising Trend is Narrowed Nov 25,2020
According to the data from SunSirs, China domestic PA66 market continued to maintain a positive trend in mid November, and various models of products increased significantly. As of November 20, the average offer price of PA66 medium viscosity injection molding class sample enterprises was about 29,500 RMB/ ton, which was 30.24% higher than the...>>>
SunSirs: China Naphtha Price Rose slightly Last Week (November 16-20) Nov 25,2020
As of November 20, the average ex-factory price of domestic hydrotreating and hydrotreating naphtha was 4,782.50 RMB/ ton, up 0.42% from 4,762.50 RMB/ ton at the beginning of last week. The actual transaction price of hydrotreated naphtha was about 4,800 RMB/ ton. The naphtha commodity index on November 20 was 59.02, down 0.04 points compared ...>>>
SunSirs: Downstream Purchase Mainly On-demand and the Formic Acid Market Is Running Smoothly Nov 25,2020
Analysis review Recently, the domestic industrial-grade 85% formic acid market has been operating stably. According to data from SunSirs’bulk list, as of November 24, the average price of formic acid companies was 2,200 RMB/ton, which was the same as last Tuesday (November 17) and increased by 3.13% compared with O...>>>
SunSirs: EA Continues to Rise Due to Favorable Cost Support Nov 25,2020
Price trend According to the monitoring of the bulk data of SunSirs, the EA market continues to rise due to the strong support from the cost side. As of November 24, the avera...>>>
China's Jan coal imports surge 64.4% on year to 24.91 mil mt Feb 13,2017
China imported 24.91 million mt of coal, including lignite, thermal and metallurgical material, in January, down 7.1% from December but up 64.4% year on year, according to preliminary data released Friday by China's General Administration of Customs. China imported 26.84 million mt of coal in December last year. In January 2016, the country had ...>>>