Chemical News
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Philippines sets Q2 ethanol allocations at 76,900 cu m Feb 15,2017
The Philippines' local monthly allocations of domestically produced ethanol have been confirmed at 76,900 cu m for the second quarter, trade sources said Tuesday. This is 1,065 cu m higher than the first quarter, which stood at 75,835 cu m and 900 cu m lower from 77,800 cu m for the same period in 2016. Domestic production in April is expecte...>>>
100 Spot Commodities Price Chart - 13/02/2017 Feb 15,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,40 commodities increased in prices, 10 fell and 49 remained unchanged on 13/02/2017.The largest rises were Copper (6.01%),Cobalt (5.25%),Natural rubber (5.03%),while the largest falls ...>>>
China Jan crude oil imports at 34.03 mil mt, down from Dec's record Feb 16,2017
China's crude oil imports and oil product exports in January retreated from fresh highs in December, but were still higher from the same month last year, according to preliminary data Friday from the General Administration of Customs. The country imported 34.03 million mt of crude in January, down 6.5% from the record high of 36.38 million mt in...>>>
Petrobras, Braskem say Rio operations OK following Jan fire Feb 16,2017
Last month's fire at state-owned Petrobras' Refinaria Duque de Caxias (Reduc) refinery in Rio de Janeiro did not affect its ethane production and in turn did not impact petrochemical subsidiary Braskem's ethylene and polyethylene production, both companies said Wednesday. "Ethane produced by Duque de Caxias (Reduc) Refinery is normal, and has no...>>>
US sheet steel market eyes price support from low buyer inventories Feb 16,2017
US sheet steel prices held steady Wednesday but buyers and sellers said that a report of low buyer inventories suggests that prices, which have been showing signs of weakness, could get support from a tight market. The Metals Service Center Institute said that US service centers carried 2.0 months of flat-rolled supply at the end of January, dow...>>>
US, Canada aluminum service center January shipments up 8.3% on year: MSCI Feb 16,2017
US service centers shipped 133,200 st of aluminum products in January, up 8.3% year on year, Metals Service Center Institute data showed Wednesday. Inventories of aluminum products at the end of January stood at 386,700 st, up 1.2% from end-January 2016. This represents 2.9 months of aluminum inventory at the current shipping rate, down from 3.1...>>>
Ukrainian Jan ferroalloy output up 34.6% on year at 89,800 mt: UkrFa Feb 16,2017
Ukrainian manganese ferroalloy production increased by 34.6% year on year to 89,800 mt in January but fell 0.6% from December 2016, UkrFa, an association of Ukrainian ferroalloy producers, said Wednesday. In January Ukraine produced 66,000 mt of silicomanganese (SiMn), up from 50,100 mt produced in January 2016. Output of ferromanganese (FeMn) i...>>>
Japanese, East Asia HMS ferrous scrap tracks Turkish market higher Feb 16,2017
Japanese ferrous scrap export prices have started increasing tracking Turkish scrap import prices, traders said. S&P Global Platts assessed the H2 scrap export price at Yen 25,500-26,000/mt ($223-$227/mt) FOB Tokyo Bay Wednesday. The implied midpoint of Yen 25,750/mt FOB was up Yen 1,000/mt from last week's midpoint. South Korea's leading ele...>>>
Indonesia thermal coal exports hit 13-month high of 20.37 mil mt in Nov Feb 16,2017
Indonesia, the world's largest thermal coal exporter, shipped a 13-month high of 20.37 million mt in November, up 1% higher on the year and 8% from the previous month, according to customs data received Tuesday. Sub-bituminous coal made up the majority of the total at 16.41 million mt, while the remaining 3.96 million mt was bituminous coal. ...>>>
Coal Trading Association merges with American Coal Council Feb 16,2017
The Coal Trading Association this week officially merged into the American Coal Council. The months-long process was completed Monday following approval by both sides. The ACC announced the unification Wednesday. "We are very excited of the opportunity to be part of the ACC and what lies ahead," CTA president Steve Watson of Arch Coal said. "The...>>>
NWE naphtha cargoes at six-week low versus swap on slower spot buying Feb 16,2017
CIF Northwest European naphtha cargoes have fallen to a six-week low versus the swap after a slowing of spot buying interest and a lack of blending demand pressured cash premiums for open specification naphtha, sources said. The CIF NWE naphtha physical cargo was assessed $11.50/mt lower at $501.50/mt Monday, to be at a $1.75/mt premium to the f...>>>
Phillips 66 sees strong US export demand reviving midstream opportunities Feb 16,2017
Phillips 66 expects a revival in the US midstream space in 2017, as demand for exports of crude, products and LPGs remain strong, President Tim Taylor said Tuesday. "We see a resurgence of opportunities in the midstream," said Taylor, addressing attendees at Credit Suisse's 22nd Annual Energy Summit in Vail, Colorado. His comments were webcast. ...>>>
100 Spot Commodities Price Chart - 14/02/2017 Feb 16,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,34 commodities increased in prices, 21 fell and 44 remained unchanged on 14/02/2017.The largest rises were Iron ore (4.89%),Hydrochloric acid (2.01%),Rebar (1.25%),while the largest fa...>>>
CFR China methanol hits 35-month high on tight supply, MTO demand Feb 17,2017
The CFR China methanol price has risen 11% since the start of this month to be assessed at $382/mt Tuesday, just short of a three-year high, S&P Global Platts data showed. The rally was driven by exceptionally tight supply from the Middle East, as well as expected demand from several methanol-to-olefin plants, according to industry sources. ...>>>
LyondellBasell announces increase of 2 cents/lb in US MEG for March Feb 17,2017
LyondellBasell plans to increase US monoethylene glycol prices by 2 cents/lb in March, the company has told customers. The increase will take effect on March 1 or as contracts allow, according to a letter to customers seen by S&P Global Platts on Thursday. LyondellBasell also rose diethylene glycol pricing by 4 cents/lb effective February 15,...>>>
OMV expects lower petrochemical margins in 2017 Feb 17,2017
Petrochemical margins in 2017 are expected to come under pressure due to rising oil prices, Austrian energy company OMV said on Thursday as it released its 2016 financial results. "Petrochemical margins are estimated to slightly decrease in 2017 vs. 2016 following oil price recovery," the company said. OMV reported its petrochemical margin ...>>>
Peru's December copper, gold, zinc output rises, silver, lead falls: ministry Feb 17,2017
Peru's production of copper, gold, zinc and molybdenum rose in December, while silver, lead and tin output fell, the government said Thursday. Copper production in December was 211,272 mt, up 13.3% from 186,450 mt in December 2015 as higher output at Freeport-McMoRan's Cerro Verde mine, Antamina, Glencore's Antapaccay, Chinalco's Toromocho and H...>>>
Asia ferrosilicon: Interest in Chinese material up; Russian supply tight Feb 17,2017
Ferrosilicon offers from Chinese sellers were heard to have narrowed to low amounts. S&P Global Platts assessed Chinese 75% Si ferrosilicon at $1,025-$1,050/mt FOB China Thursday from $1,025-$1,090/mt the week before. Platts assessed spot import prices of 75% Si ferrosilicon unchanged from a week ago at $1,000-$1,050/mt CIF Japan Thursday. ...>>>
Rusal's 2016 alumina output up 2% to 7.53 million mt Feb 17,2017
Rusal produced 7.53 million mt of alumina in 2016, up 1.7% from 2015, helped by higher output at the revamped refineries in Urals and Bogoslovsk, Russia, and the Nikolaev unit in Ukraine. Bauxite output totaled 12.19 million mt in 2016, up 0.6% on the year, the Russian producer said Thursday. The year's aluminum production totaled 3.69 mill...>>>
Chalco sees 2017 aluminum, copper prices up on higher Chinese exports Feb 17,2017
Aluminum Corp of China (Chalco) sees a host of bullish factors pushing up prices of major commodities, including aluminum, copper and rebar in 2017, the company said on its website Thursday. It listed among these factors China's surging export volume in January, the Chinese government's Yuan 1.5 trillion ($218.64 billion) infrastructure investme...>>>