Chemical News
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K+S AG's Supply Capacity Not Affected by Mine Explosion Oct 11,2013
German fertilizer supplier K+S AG (SDF.XE) Thursday said its supply capacity hasn't been affected by a recent gas eruption that killed three miners at a German potash mine. "Existing orders are being processed by the K+S sister plants," the company said. A controlled explosion at the mine last week triggered the release of a large amount of c...>>>
China corn output to hit record high Oct 11,2013
CHANGCHUN -- China's corn production could hit a record high of 215 million tons in 2013 despite drought and flooding in the country's major breadbaskets, according to estimates by two industry organizations. This year's corn output is about 7 million tons more than last year's harvest of 208 million tons, figures from both the State Administrat...>>>
Shipbuilding sector struggles to keep head above water Oct 11,2013
NANJING -- Chinese shipbuilders have been sailing toward bankruptcy in recent years, with China trying to consolidate the industry and bail it out from the woe of overcapacity. With delays in deliveries, order cancellations and price decreases for newly-built vessels, shipbuilding firms have been in a slump since late 2008, when the global finan...>>>
100 Spot Commodities Price Chart - 10/10/2013 Oct 11,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,19 commodities increased in prices, 27 fell and 54 remained unchanged on 10/10/2013.The largest rises were BR (1.97%),Soybean meal (1.21%),Phosphorus yellow (1.05%),while the largest f...>>>
Rescuing solar power Oct 11,2013
China has introduced measures to curb photovoltaic overcapacity while seeking to expand domestic demand China has put forth new rules to tackle overcapacity in its solar power industry. A document released by the Ministry of Industry and Information Technology (MIIT) specifies the thresholds needed to enter the (PV) industry and is sure to keep ...>>>
Liaoning glass exports soar Oct 10,2013
Flat glass exports from Liaoning province reached 4.68 million metric tons in the first eight months of 2013, up 35 percent year-on-year, according to Shenyang Customs. The total export volume was $24.79 million. The glass, widely used in real estate and the automobile industry, is one of China's key glass products. Thanks to steady global deman...>>>
Six sentenced for chemical leak pollution in Shanghai Oct 10,2013
SHANGHAI, Oct. 9 (Xinhua) -- Six people, including managers of two companies, received jail sentences of two to five years on Wednesday for a chemical leak in east China's business hub of Shanghai. The Jinshan District People's Court handed down first-instance verdicts to the six people, who were convicted of transporting and unloading dangerous...>>>
100 Spot Commodities Price Chart - 09/10/2013 Oct 10,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,30 commodities increased in prices, 25 fell and 45 remained unchanged on 09/10/2013.The largest rises were Hydrochloric acid (4.57%),BR (3.80%),SBR (1.81%),while the largest falls were...>>>
Vietnam among the world's Top 5 biggest cotton importers Oct 10,2013
Vietnam was among the five biggest cotton importers in the world when it planned to import about 600, 000 tons in 2013, according to the Vietnam Cotton and Yarn Association on Wednesday. In the first nine months of this year, the country imported nearly 430,000 tons of cotton, worth $846 million, a year-on-year increase of 35 percent. Vietnam...>>>
Bitumen futures climb in exchange debut Oct 10,2013
Bitumen futures on China's Shanghai Futures Exchange opened up more than 3 percent on their trading debut Wednesday in brisk volumes, reflecting strong investor interest as the bourse lays the ground for the launch of a crude futures contract. The most active February contract was up over 3.3 percent in early trade and rose to a high of 4,658 yu...>>>
CIC to invest in Bumi mining units Oct 10,2013
Indonesia's PT Bumi Resources said on Wednesday China's sovereign wealth fund, China Investment Corp (CIC), has agreed to convert part of an outstanding $1.3 billion loan into stakes in the miner's PT Bumi Resources Minerals unit, its coal mines and a small stake in Bumi Resources itself. "PT Bumi Resources Tbk announces that it has entered into...>>>
Oil prices drop on ample supplies Oct 10,2013
Oil prices declined Wednesday as a government report showed US crude supplies grew last year by the most in a year. The Energy Information Administration (EIA) said US crude supplies increased by 6.8 million barrels to 370.5 million barrels for the week ended Oct. 4, more than four times than what analysts expected. The EIA report also showed...>>>
Imported iron ore stockpiles drop in China Oct 10,2013
Stockpiles of iron ore at a sample of 25 major Chinese ports declined last week, according to Tuesday's Xinhua-China iron ore index report. At the end of the Sept 24 to Oct 7 period, inventories of imported iron ore at the ports stood at 73.27 million tons, down 58,000 tons or 0.08 percent on the previous sample period, the report said. Usual...>>>
UK production output falls 1.5% in August Oct 10,2013
UK production output fell sharply in August, puzzling analysts who had expected only a slight dip. According to the Office for National Statistics (ONS) production output fell 1.5% in August, compared with the same month last year. Analysts had been expecting a fall of around 0.4%. The ONS said the decrease reflected a fall of 0.2% in manufac...>>>
N. American Sep aluminum mill order index down 10.7% on month: trade group Oct 10,2013
The North American net new aluminum mill order index fell 10.7% in September compared with August, a report released late Tuesday by the Aluminum Association showed. New mill orders decreased 4.6% compared with September 2012's total. Year to date, the index is down 4%, the report said. September plate orders increased 5.2% from August, and w...>>>
EIA Sees 2013 World Oil Use Up 1.1%, Rise of 1.3% in 2014 Oct 09,2013
NEW YORK--World oil demand will rise by 1.1% this year to 90.26 million barrels a day, with gains coming from countries outside of the major industrialized nations, a U.S. government forecast said Tuesday. The Energy Information Administration said the trend will continue in 2014, when developing nations fuel a 1.3% increase in demand to 91.43 m...>>>
U.S. Refiners Export More Fuel Than Ever Oct 09,2013
U.S. refiners are selling more fuel abroad than ever before, effectively exporting the American energy boom to the four corners of the world. As crude production soars in places like the Eagle Ford shale formation in Texas, U.S. refiners along the Gulf Coast are increasingly using local oil, which is less expensive than the North Sea crude that ...>>>
Brazilian ethanol exports to US in September halve on month, year Oct 09,2013
Brazilian ethanol exports to US plunged in September to 139.4 million liters (37 million gallons), down 51% from August's 2013 peak and down 53% on September 2012, Secretariat of Foreign Trade data Tuesday showed. The volume sent to the US represented 47% of the total 297 million liters of ethanol exported by Brazil in September. January-Sept...>>>
ASIA MOLY OXIDE: Trade thin as market seeks direction Oct 09,2013
Spot trade of molybdenum oxide powder was thin in Asia Tuesday despite the return of Chinese traders after a week-long National Day holiday as participants sought clearer market direction, sources said. Platts moly oxide daily dealer price stood at $9.30-9.45/lb Tuesday, up from $9.10-9.20/lb on September 30, having risen steadily since offers b...>>>
Mining Exec Says Industry Hit Bottom, and Isn't Bouncing Oct 09,2013
The top executive of one of the world's biggest mining drilling companies said he believes the industry has bottomed out, but that he doesn't expect a return to peak cycle levels soon. Moreover, there has been "a fundamental shift in what investors and management are looking for in mining," said Richard O'Brien, CEO of Utah-based Boart Longyear ...>>>