Chemical News
-
Cowen and Company cut Century Aluminum price target Oct 09,2013
Equity research firm Cowen and Company reduced its Century Aluminum price target to $10 from $13 due to changes in the aluminum futures curve, the company said in a statement Tuesday. The company also said it assumed Q4 2013 and fiscal year 2014 aluminum prices of $0.81/lb and $0.86/lb, respectively, which is consistent with the futures curve. G...>>>
US spot styrene at three-month low as benzene drops to near two-month low Oct 09,2013
US spot styrene dropped 1 cent/lb ($22/mt) from Friday to be assessed at 73 cents/lb ($1,609/mt) FOB US Gulf Coast Monday, tracking lower European spot styrene as well as lower feedstock benzene. The assessment was at its lowest level since July 3 when it was at 72.75 cents/lb FOB USG, according to Platts data. US spot styrene has fallen 4 ce...>>>
Oil producers doing good job of balancing market: UAE oil minister Oct 09,2013
Oil producers are currently doing a good job of balancing world oil market fundamentals, but it is too early to say if OPEC will leave crude production levels unchanged when it next meets in December, UAE oil minister Suhail al-Mazrouei said Tuesday. "The current market situation suggests that oil producers are doing a relatively good job at a t...>>>
India's Second-Largest Potash Importer Close To Securing Discount On Import Deals Oct 09,2013
NEW DELHI--India's second-largest importer of potash Zuari Agro Chemicals Ltd. (534742.BY) expects to renegotiate annual import contracts for the key fertilizer ingredient at a discount by this month, a move that is likely to induce other major global buyers including China to seek cheaper imports. "The new rates should come in by this month," S...>>>
100 Spot Commodities Price Chart - 08/10/2013 Oct 09,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,32 commodities increased in prices, 33 fell and 35 remained unchanged on 08/10/2013.The largest rises were Hydrochloric acid (69.09%),Polysilicon (2.25%),Silver (2.18%),while the large...>>>
Liaoning's agro exports hits $3.31b Oct 09,2013
Agricultural product exports from Liaoning province were $3.31 billion in the first eight months of 2013, up 10 percent year-on-year, according to the local government. In the past eight months, the total export trade volume of marine products of the province was $1.54 billion, an increase of 5.9 percent from last year and accounting for 46.5 pe...>>>
China Tries to Boost Domestic Oil Output Oct 09,2013
BEIJING-China's primary offshore oil company on Tuesday invited foreign companies to bid on an unprecedented number of deep-water blocks off Chinese shores as the country attempts to firm up domestic oil output, which has grown slowly over the past decade even as China's energy demand has surged. China's crude-oil output has grown by an average ...>>>
As Others Struggle, New Hong Kong Biodiesel Plant Powers Ahead Oct 08,2013
Biodiesel has faced a backlash in recent years, as critics charge the industry with razing land and pushing up food costs. But as its competitors struggle, one Hong Kong-based company is moving ahead with a US$165 million plant that turns recycled cooking oil into biodiesel, which it says could eventually power every diesel-powered vehicle in this ...>>>
China's Beijing city to abolish coal-fired power plants by end 2014 Oct 08,2013
The Chinese capital of Beijing is looking to phase out all its coal-fired power generation capacity by the end of next year, the official Xinhua news agency reported Saturday. According to municipal authorities, the city is planning to build four power generation bases that will include 40 utility-related projects to replace existing coal-fired ...>>>
EIA: Retail Gasoline Price Falls 5.8c in Week; Lowest Since January Oct 08,2013
NEW YORK--The national average retail price of regular gasoline fell 5.8 cents to $3.367 a gallon in the week ended Monday, the Energy Information Administration said. Prices were at their lowest level since Jan. 28 for a second straight week. Prices have fallen 24.1 cents, or 6.7%, over the past five weeks as the peak summer demand season ha...>>>
100 Spot Commodities Price Chart - 30/09/2013 Oct 08,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,20 commodities increased in prices, 26 fell and 54 remained unchanged on 30/09/2013.The largest rises were Chloroform (1.73%),Hydrochloric acid (1.54%),Soda ash (1.15%),while the large...>>>
Abu Dhabi energy giant TAQA gets nod for Iraqi oil field Oct 08,2013
ABU DHABI, Oct. 7 (Xinhua) -- Abu Dhabi National Energy company TAQA said on Monday it has received approval from the Kurdish regional government in northern Iraq to develop the first phase of the Atrush oil field, Emirati news agency WAM reported. According to the report, the Atrush block, located 85 km northwest of Arbil, the capital of the Ir...>>>
A Known Unknown for Oil Prices Oct 08,2013
Among other inconveniences, Washington's shutdown could make it harder to keep track of what is going on in a place just over 1,000 miles away from it: Cushing, Okla. Cushing, where several major pipelines meet, is where oil futures are settled physically. So stock levels there are watched closely. The Energy Information Administration releases ...>>>
Xinjiang to launch huge coal gasification project Oct 08,2013
URUMQI, Oct. 6 (Xinhua) -- A large coal gasification project will be built in northwest China's Xinjiang Uygur Autonomous Region, the regional authorities said Sunday. The demonstration project in Zhundong area, Changji Hui Autonomous Prefecture, will be the country's largest with a designed capacity of 30 billion cubic meters annually, said the...>>>
Corn oil continues gains on soybean oil as biodiesel feedstock: EIA Sep 30,2013
Of the 978 million pounds of feedstocks used to produce biodiesel in July, 49.07% of product was soybean oil, a 3.74 percentage point drop from June, the US Energy Information data reported Friday. Soybean oil remained the largest biodiesel feedstock, with 480 million lbs consumed, but the share slipped for the fourth time in the last five month...>>>
China State-Owned Energy Firms Tap Bond Market Sep 30,2013
Two Chinese state-owned energy giants have sold a combined $2.58 billion in bonds, helping to push issuance in Asia this week to the highest level since mid-May. A total of $5.9 billion has been raised this week in bond sales denominated in dollars, euros and yen in Asia excluding Japan, the most since $8.1 billion was raised the week of May 13,...>>>
Shell nominates October US butadiene CP up 2 cents to 46 cents/lb: sources Sep 30,2013
Shell Chemical was heard nominating its October US butadiene contract price up 2 cents/lb ($44/mt) to 46 cents/lb ($1,014/mt), sources said Friday. Shell Chemical was unavailable to immediately confirm the nomination. Market expectations have been for a slightly higher October US butadiene contract due to a rise in US spot butadiene prices in...>>>
PNM plans to replace coal capacity with mix of gas, nuclear, solar Sep 30,2013
Public Service Co of New Mexico likely will add natural gas-fired generation, solar facilities and existing unregulated nuclear generation to replace 340 MW when two coal-fired San Juan power plant units are retired, utility spokeswoman Susan Sponar said Friday. PNM expects to add 177 MW of gas-fired generation and 40 MW of solar photovoltaic ca...>>>
Cambodia sees 45 percent rise in rubber exports in 8 months Sep 30,2013
Cambodia has reported a 45 percent increase in dry rubber exports in the first eight months of the year, the figures of the Ministry of Commerce showed Saturday. From January to August this year, the country had exported 45, 530 tons of dry rubber, up 45 percent from 31,400 tons over the same period last year, the figures said. Revenues from ...>>>
Cotton production to fall due to weather, less land Sep 30,2013
China's cotton production will decline in 2013 compared with one year ago due to a combination of a reduction in land used to grow cotton and bad weather in cotton-planting provinces, an official with the Ministry of Agriculture (MOA) said Thursday. China is expected to produce 6.32 million tons of cotton in 2013, down 337,000 tons from the pre...>>>