Chemical News
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SunSirs: China Petroleum Coke Price Dropped slightly Last Week (November 16-20) Nov 25,2020
According to the data of SunSirs, the price of domestic refiners' petroleum coke products dropped slightly. At the beginning of last week, the average price of petroleum coke in Shandong market was 1,684.00 RMB/ ton, and at the end of last week, the average price of petroleum coke was 1,653.50 RMB/ ton, with the price falling by 1.81% and incr...>>>
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 ...>>>
Abu Dhabi plans $122bn in oil spending to boost output Nov 26,2020
Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity, even while OPEC restricts its output. The Gulf emirate’s top body for energy policy, the Supreme Petroleum Council, approved the budget for Abu Dhabi National Oil Co., the state-run WAM ...>>>
India Targets Fourfold Increase in Natural Gas Share of Energy Mix Nov 26,2020
India plans to nearly quadruple the share of natural gas in its energy-consumption mix and double its oil refining capacity in the next five years, Prime Minister Narendra Modi said Saturday. That indicates a much more aggressive timeline than officials have previously described, despite the coronavirus pandemic blighting the econo...>>>
BP Agrees $332M Sale of London HQ Nov 26,2020
BP has agreed to sell its London headquarters for 250 million pounds ($332 million), a spokesman said on Friday, the latest in a string of disposals as the British energy company shifts to low-carbon energy. BP also agreed to lease 1 St James's Square in central London back from Hong Kong-based property investment company Lifestyle...>>>
Crude oil futures extend rally as vaccine optimism negates large crude build Nov 26,2020
0302 GMT: Crude oil futures rose during the mid-morning trade in Asia Nov. 25, extending overnight gains, as vaccine-related enthusiasm and easing political uncertainty in the US cushioned the impact of bearish data from the American Petroleum Institute. At 11:02 am Singapore time (0302 GMT), ICE Brent January crude futures were up 78 cents/b (1...>>>
Renewed Lockdowns Threaten More Refinery Closures In Europe Nov 26,2020
More refineries in Europe are at risk of permanent closures, with fuel demand on the continent falling again as major economies re-imposed lockdowns to fight the spike in coronavirus cases. Gasoline demand in Europe is expected to be between 15 and 20 percent lower in November and December compared to the same months of 2019, Argus...>>>
How High Can Oil Prices Go In 2021? Nov 26,2020
Progress in vaccine development and expectations that OPEC+ will decide in less than two weeks to roll over the current cuts for three months instead of easing them from January 2021 give bulls hopes that the oil market will regain some semblance of a balance next year, pushing prices higher. Currently, the general consensus among ...>>>
Oil Stocks Are Finally Bouncing Back Nov 26,2020
This year has been a true rollercoaster ride for the U.S. oil and gas market, but it is increasingly looking to end on a high note. The sector is up nearly 16% over the past 10 days alone as the world moves closer to vanquishing one of mankind's biggest threats in modern history. The outlook keeps getting better for the...>>>
UAE discovers new 22bn barrels of oil resources Nov 26,2020
The UAE's Supreme Petroleum Council has announced new onshore discoveries of non-conventional, recoverable oil resources estimated at 22 billion barrels and an increase of conventional oil reserves by 2 billion barrels in the Emirate of Abu Dhabi. The SPC announced the new discoveries during a virtual meeting headed by His Highness...>>>
100 Spot Commodities Price Chart - 25/11/2020 Nov 26,2020
It was assessed by SunSirs that in the tracked 100 spot commodities,33 commodities increased in prices, 12 fell and 55 remained unchanged on 25/11/2020.The largest rises were LDPE (3.81%),MTBE (2.74%),LPG (2.44%),while the largest falls were Soda ash (...>>>
China's 2016 zinc conc deficit widens to 448,000 mt on environment monitoring Feb 15,2017
China's zinc concentrate deficit in 2016 is estimated at 448,000 mt, widening from 9,000 mt in 2015, key Chinese zinc producer Tongling Nonferrous Metals Group's subsidiary Tongguan Jinyuan said in its commodity report issued Tuesday. Tongguan Jinyuan said that due to the cold winter back in the first quarter of last year, zinc mines in North Ch...>>>
Dow to raise PE prices in Brazil by Real 400/mt Feb 15,2017
Dow will implement a Real 400/mt ($130/mt) increase on all polyethylene grades sold in Brazil, effective March 1, the company said in a letter to customers seen Tuesday by S&P Global Platts. The increase applies to all grades of polyethylene the company produces, Dow said. The announcement comes after Brazilian producer Braskem said it will m...>>>
Russia 2016 polystyrene exports, imports in double-digit rises on year: Customs Feb 15,2017
Russian exports and imports of polystyrene rose 19% and 17% on the year in 2016 to 69,048 mt and 44,734 mt, respectively, according to latest data from the country's Federal Customs Service. Higher exports were driven by larger deliveries to Lithuania. Exports to Lithuania jumped to 18,531 mt in 2016 from 907 mt in 2015. A boost in imports...>>>
CFR Japan naphtha price hits 19-month high on petchem demand Feb 15,2017
The benchmark CFR Japan naphtha price hit a 19-month high on Monday at $528.625/mt, amid growing demand from the petrochemical sector on the back of stronger margins, S&P Global Platts data showed. The marker was last higher at $543.375/mt on July 6, 2015. Over the last two weeks, a slew of spot buy tenders emerged in the Asian naphtha market...>>>
Paraguay's January flat steel imports spike 103% on year, fall 35% on month Feb 15,2017
Paraguay imported 13,409 mt of its four most demanded flat-rolled steel products in January, an increase of 103.4% from 6,594 mt in the same month a year ago, central bank data showed Tuesday. Month on month, imports fell 35.2% from December's 20,680 mt. The four dominant flat products in December were zincalume, hot-rolled coil, cold-rolled ...>>>
Turkish ferrous scrap imports quiet after China price hike Feb 15,2017
The Turkish ferrous scrap import market was silent on Monday, as it digested trade data from Friday and examined pricing increases in China. A Benelux merchant booked a cargo on Friday to a Marmara EAF-based producer, containing 15,000 mt of 75:25 at $255/mt, 5,000 mt of shred at $265/mt and 10,000 mt of bonus/busheling at $270/mt. This was conf...>>>
Conuma to produce about 4 million st of metallurgical coal in British Columbia this year Feb 15,2017
Conuma Coal Resources Ltd expects to produce around 4 million st of metallurgical/PCI coal in 2017 at three surface mines in the Tumbler Ridge area of northeastern British Columbia, including the idled Willow Creek mine currently scheduled for a July restart, the company's president, Mark Bartkoski, said Monday. Since last fall, the company, a s...>>>
Molybdenum stable as market eyes higher prices Feb 15,2017
Molybdenum prices were stable Monday as market participants said they were expecting to see prices firm over the week. In Asia, deals were reported in Busan at $7.40/lb and around $7.55/lb. In Europe, sources said offers were up to $7.75/lb for oxide powder in drums although there was more interest for ferromolybdenum. One seller source said ...>>>
US ethanol tumbles as Argo terminal reaches storage capacity Feb 15,2017
The Argo ethanol market for prompt delivery traded as low as $1.4950/gal Tuesday morning as the terminal is due to begin rejecting delivery trucks at noon CST amid full storage, market sources said. "It's not holding in very well," said one source. S&P Global Platts assessed Argo, a benchmark for physical US ethanol, at $1.56525/gal Monday. ...>>>