Chemical News
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European styrene continues to drop on weak demand; arb to Asia to add support Oct 16,2013
European styrene prices continued to fall Tuesday, continuing the bearish domestic trend seen since the start of September as sellers continued to look to offload excess supply in Europe. However, sources pointed to alternative export demand coming from Asia which could add support to Europe. At the start of the day spot prices were seen pric...>>>
China, Russia to expand energy cooperation Oct 16,2013
BEIJING -- China and Russia on Tuesday pledged to expand energy cooperation in projects of oil and gas supply, nuclear energy and renewable energy. Chinese Vice Premier Zhang Gaoli and Russian Deputy Prime Minister Arkady Dvorkovich co-chaired the tenth meeting of China-Russia energy cooperation committee in Beijing, which agreed to advance coop...>>>
Imported iron ore stockpiles rise Oct 16,2013
BEIJING, Oct. 15 (Xinhua) -- Stockpiles of iron ore at 25 major ports in China rose last week as market participants continued their wait-and-see attitude, according to a Tuesday report by the Xinhua News Agency. Inventories of imported iron ore stood at 74.84 million tonnes at the end of the Oct. 8 to Oct. 14 period, up 2.14 percent or 1.57 mil...>>>
100 Spot Commodities Price Chart - 15/10/2013 Oct 16,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,24 commodities increased in prices, 24 fell and 52 remained unchanged on 15/10/2013.The largest rises were Phenol (0.97%),Acetone (0.96%),LDPE (0.96%),while the largest falls were PET ...>>>
China to cut overcapacity Oct 16,2013
BEIJING, Oct. 15 (Xinhua) -- China's State Council, the country's cabinet, is tackling production overcapacity, according to the government's website on Tuesday. The Guideline to Tackle Serious Production Overcapacity lists five prime sectors with serious overcapacity: cement, electrolytic aluminium, sheet glass, shipping and steel. The move is ...>>>
Corn and soybean oil futures, RINs dip amid reports of lower mandate Oct 15,2013
US corn and soybean oil futures on the Chicago Board of Trade and RIN prices were trending lower Friday morning amid reports that the US Environmental Protection Agency would lower its biofuels blending requirements for 2014. December corn futures were down 4.5 cents at $4.3375/bushel, while October soybean oil futures were down 71 points at 40....>>>
European caustic soda Q4 contract prices settle at rollover, cut: sources Oct 15,2013
Fourth-quarter contract price negotiations in the European caustic soda market have concluded at rollover to Eur15/mt price decreases, depending on the region and customer size, market sources said Monday. Most Q4 contracts were settled late last week and the remainder should be finalised by the end of this week, one northwest Europe-based caust...>>>
72 companies face punishment for weak environment protection Oct 15,2013
China's environmental watchdog on Saturday publicized the names of 72 companies that have violated environmental protection regulations and says it plans to punish the offenders. The companies, including PetroChina's Hohhot Petrochemical Corporation and the Datong Coal Mine Group, have committed 91 illegal acts, such as irregular use of pollutio...>>>
UK 'open' to Chinese nuclear investment Oct 15,2013
The United Kingdom has reiterated its openness to Chinese investment in the country's nuclear power industry, a senior British official has said. "Britain is the most open economy in the world, and that goes for our energy markets as well. So there is absolutely no reason why Chinese companies can't enter our markets. I couldn't be clearer than ...>>>
NDRC calls for increase in gas imports Oct 15,2013
Amid growing demand for natural gas, China's top economic planner has called for an increase in imports and stronger cooperation with Central Asian countries to ensure a stable supply in the coming winter. The National Development and Reform Commission said on its website on Monday that China will further hold talks with Central Asian countries ...>>>
USGC propane surges relative to crude with exports, buying for heating season Oct 15,2013
US Gulf Coast propane was at an 11-month high relative to the NYMEX front-month crude contract Friday morning as buying for the fall and winter heating season picks up and exports continued to drain US propane stocks. Mont Belvieu propane was trading at $1.14/gal Friday morning, putting it at 47% of the NYMEX front-month crude contract. Propa...>>>
South Africa vows to stabilize mining sector Oct 15,2013
JOHANNESBURG, Oct. 14 (Xinhua) -- Collaborative partnership is needed to address problems in the mining sector, South Africa's Deputy President Kgalema Motlanthe said on Monday. "These problems cannot be addressed by any one group acting alone, they will require collaborative partnerships by all stakeholders, be they organized business, organize...>>>
100 Spot Commodities Price Chart - 14/10/2013 Oct 15,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,24 commodities increased in prices, 29 fell and 47 remained unchanged on 14/10/2013.The largest rises were LDPE (1.56%),LLDPE (1.50%),SBR (0.85%),while the largest falls were Dysprosiu...>>>
China's power consumption rises 10.4 pct in September Oct 15,2013
BEIJING, Oct. 14 (Xinhua) -- Official data showed on Monday that China's electricity consumption, a common indicator of economic activity, rose 10.4 percent year on year in September. The growth, though lower than August's 13.7-percent rise, accelerated from the 8.8-percent increase seen in July and the 2.9-percent growth registered in September...>>>
Chinese government to buy 200,000 mt/year of natural rubber from Thailand Oct 15,2013
China has agreed to buy 200,000 mt/year of natural rubber from Thailand starting this year "on a government-to-government basis," the Thai government said Sunday. The Chinese government has pledged to buy the rubber "under a special deal between the governments of the two countries starting this year with no specific time frame," the Thai govern...>>>
China's Sep coke exports almost treble on year to 310,000 mt Oct 15,2013
Chinese exported 310,000 mt of metallurgical and semi-finished coke in September, almost three times what it exported a year earlier, preliminary data released Saturday by the General Administration of Customs showed. In September 2012, Chine exported 113,082 mt of metallurgical and semi-finished coke. Compared with August, however, exports were...>>>
Some gains reported in steel sheet, market still mostly flat Oct 14,2013
US flat-rolled prices may be slowly inching up as a result of the increases announced last week, though at least some market sources said their primary effect has been to stall late-year price erosion. "It's tightened the range back up, and it's taken away some of the lower-priced offers out there," said a source with one top-tier mill that anno...>>>
Gold Slumps to Three-Month Low in Early Trading, Down 2.3% Oct 14,2013
NEW YORK--Gold futures extended their earlier losses on Friday, slumping to the lowest price in three months as investors shed the precious metal amid hopes for a debt deal in Washington. The most actively traded contract, for December delivery, recently traded down $29.90, or 2.3%, at $1,267 a troy ounce on the Comex division of the New York Me...>>>
OZ Minerals Cuts Copper Output Guidance Again Oct 14,2013
SYDNEY--OZ Minerals Ltd. (OZL.AU) Monday cut forecasts for annual copper production for a second time this year after setbacks at its Prominent Hill mine in southern Australia. The Melbourne-based gold-and-copper miner said it now expects to produce just 70,000-75,000 metric tons of the industrial metal in 2013, down from a previous estimate of ...>>>
Canada and Japan sign energy cooperation pact Oct 14,2013
Japan and Canada formally cemented a bilateral pact Friday to stimulate trade and investment opportunities in oil and LNG by sharing information and creating a forum to deal with energy issues. Japan's Economy, Trade and Industry Minister Toshimitsu Motegi and Canada's Natural Resources Minister Joe Oliver agreed to establish a "policy dialogue"...>>>