Chemical News
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China's first import of Myanmar natural gas totals 15 mil cu m in Sep Oct 24,2013
China imported 10,874 mt of natural gas via pipeline from Myanmar in September, according to data from the General Administration of Customs made available Tuesday. This is the first time that gas imports from Myanmar have shown up in customs data since state-owned China National Petroleum Corp. opened the valves of the gas compressor station in...>>>
Canadian Pacific says to grow crude by rail volumes with heavy grades Oct 24,2013
Canadian Pacific expects to expand further into the crude business by railing more heavy grades from Western Canada as new loading terminals are put into service, the rail company's executive vice president said Wednesday. "Over time we will see increasing volumes of heavy crude moving with different economics and drivers of demand than the ligh...>>>
US spot gasoline fall to lowest levels of 2013: Platts data Oct 24,2013
Spot price assessments for US gasoline plunged to the lowest levels of the year across the country Wednesday, pressured by high inventories and weak demand tied to seasonal changes and more efficient vehicles. Gasoline prices in the US Gulf Coast, Chicago and Los Angeles fell to their lowest levels since December, while New York Harbor gasoline ...>>>
Beijing gets large-scaled UAV industrial base Oct 24,2013
BEIJING -- A large-scaled whole-chain unmanned aerial vehicles (UAV) industrial base will settle in southern Beijing's Daxing District, according to the top management of China Academy of Aerospace Aerodynamics (CAAA) under China Aerospace Sci & Tech Corporation, Beijing Daily reported. The UAV industrial base, which covers a total area of 134 h...>>>
100 Spot Commodities Price Chart - 23/10/2013 Oct 24,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,27 commodities increased in prices, 23 fell and 50 remained unchanged on 23/10/2013.The largest rises were Dried cocoons (3.06%),Silver (2.70%),Nickel (1.66%),while the largest falls w...>>>
China leads world's steel production in Sept Oct 24,2013
China still led the fast growth of steel output in September compared with other producers in the world, according to figures released by World Steel Association on Monday. China's crude steel production for September was 65.4 million metric tons, up by 11 percent year-on-year. The US produced 7.2 million tons of crude steel in September, u...>>>
100 Spot Commodities Price Chart - 22/10/2013 Oct 23,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,23 commodities increased in prices, 30 fell and 47 remained unchanged on 22/10/2013.The largest rises were Nickel (1.74%),Propylene oxide (1.13%),Aniline (0.86%),while the largest fall...>>>
Russia to supply additional oil to China: Medvedev Oct 23,2013
BEIJING - Russian Prime Minister Dmitry Medvedev, who is on a two-day official visit to China, said the two countries on Tuesday signed an agreement by which Russia will supply an additional 10 million tonnes of crude oil to China each year over the next 10 years. "(We) will supply an additional 10 million tonnes of crude oil each year (to China...>>>
China, Russia reach big oil deal Oct 23,2013
Russia will supply an additional 10 million metric tons of crude oil to China a year over the next decade, visiting Russian Prime Minister Dmitry Medvedev said during an online chat with netizens on Tuesday. The deal, to be done by Russia's biggest oil company Rosneft, will be worth $85 billion, Medvedev said. "It is a big sum of money to any...>>>
Medvedev says Rosneft to supply additional oil to China Oct 23,2013
Russia and China on Tuesday signed an agreement by which Russia will supply an additional 10 million tonnes of crude oil to China each year over the next 10 years, Russian Prime Minister Dmitry Medvedev said in Beijing. "(We) will supply an additional 10 million tonnes of crude oil each year (to China), which will be done by Russia's biggest oil...>>>
K2013: Plastics processing machinery growth forecast Oct 23,2013
Euromap, the umbrella trade group for national associations representing manufacturers of plastics and rubber machinery in nine European countries, estimated the value of global production in 2012 was ?9.3bn (£24.8bn), up 3.68%. The value of machine production in Euromap countries amounted to ?2.1bn (£10.3bn) up 3.2% on 2011, with ex...>>>
Chemical sector seeks 50% growth by 2030 Oct 23,2013
Business Secretary Vince Cable and Business Minister Michael Fallon will today meet business leaders – including Johnson Matthey and Sabic - to take forward the industry-led strategy which sets a vision of 50% growth of the sector by 2030. Among the issues for discussion for the newly formed Chemistry Growth Partnership (CGP) will be the importa...>>>
Group 3 ULSD drops to lowest level since using NYMEX ULSD basis Oct 23,2013
The Group 3 ULSD differential plummeted Tuesday, down 2.45 cents/gal to NYMEX November ULSD futures minus 9.25 cents/gal -- the lowest level the differential has been since April when the ULSD contract succeeded the former heating oil contract as the basis. Group 3's differential has sharply decreased since Tuesday of last week, dropping 6.45 c...>>>
China's Sep benzene imports more than double from Aug to 128,344 mt Oct 23,2013
China's benzene imports surpassed 100,000 mt in September, more than doubling month on month to 128,344 mt, data released Tuesday by the General Administration of Customs showed. The figure was also up from 40,046 mt in September 2012. The jump in benzene imports in September was the result of the arrival of cargoes purchased by Chinese buyer...>>>
US October acetone contract price settles 1.75 cents lower at 63.50 cents/lb: sources Oct 23,2013
The October US contract price for acetone settled down 1.75 cents to 63.50 cents/lb ($1,400/mt), sources said Tuesday. The settlement was in line with expectations of a 1 cent to 2 cents decline, sources said. The lower settlement came because of lower spot prices, sources said. Spot acetone prices have been moving lower amid an increase in ...>>>
Ethanol, advanced biofuel RINs hit eight-month lows amid selloffs Oct 23,2013
Current-year ethanol and advanced biofuel RINs assessments fell to their lowest levels in more than eight months Tuesday as heavy selloffs continued throughout the market, sources said. Corn-based ethanol (D6) RINs were assessed 0.5 cent lower to $0.2950/RIN, advanced biofuel (D5) RINs fell 1 cent to $0.42/RIN and biomass-based diesel (D4) RINs ...>>>
Daily average aluminum output down 600 mt/day in September: IAI Oct 22,2013
Global primary aluminum output, excluding China, averaged 66,600 mt/day in September, down from 67,200 mt/day in August and from 66,900 mt/day in September 2012, figures released Monday by the International Aluminium Institute showed. Total production in September (30 days) was 1.999 million mt, down from 2.084 million mt in August (31 days) and...>>>
China's Chalco to sell stake in Simandou iron ore project to parent company Chinalco Oct 22,2013
Chalco Hong Kong Ltd, has agreed to sell its equity stake in Chalco Iron Ore Holding to Chinalco Overseas Holdings to ease funding pressure from the joint venture Simandou iron ore project in Guinea, Chalco said in a filing to the Hong Kong Stock Exchange late Friday. "The Simandou project involves big investment with a long construction period....>>>
Asia PX-naphtha spread nears 2013 low on rising paraxylene supply Oct 22,2013
The Asia price spread between paraxylene and feedstock naphtha narrowed $16.12/mt day on day to $485.88/mt last Friday, nearing the lowest level seen in 2013, amid rising PX supply, Platts data showed Monday. The spread is at the second lowest level for the year, after hitting a bottom of $478/mt on March 28. Last Friday, the CFR China PX ben...>>>
US propane, propylene stocks show unexpected build in weekly EIA data Oct 22,2013
US propane and propylene stocks increased 26,000 barrels to 66.50 million barrels for the week ended October 11, data from the Energy Information Administration showed Monday. Propane market participants had been expecting stocks to show a draw of 500,000 barrels. This EIA storage report was delayed from the scheduled October 16 release date ...>>>