Chemical News
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US aluminum waste and scrap imports rise in Jan, domestic market remains undersupplied Mar 09,2017
US general imports of aluminum waste and scrap surged to 130.8 million lb in the first month of 2017, nearly 18 million lb more than was imported in December, according to data released Wednesday from the Department of Commerce and the International Trade Commission. The total for the month surpassed January levels in 2015 and 2016 by 23.8 milli...>>>
US prime ferrous scrap premium over shredded at five-year high Mar 09,2017
The prime ferrous scrap premium over shredded scrap in the US was at a five-year high on Wednesday. The premium is as low as $40/lt in Detroit but as high as $70/lt in Ohio. The spread between Platts No. 1 busheling assessment and shredded scrap assessment, both on a delivered Midwest mill basis, is $62.50/lt this week, the highest since Dece...>>>
Silver market participants want LBMA price solution centrally cleared Mar 09,2017
Any solution to the administration of the London Bullion Market Association Silver Price would have to be far removed from the one left behind by CME and Thomson Reuters, with central clearing essential, market participants said this week. Last Friday CME and Thomson Reuters said they were stepping away from the calculation and administration of...>>>
Gold slides to five-week low as Fed hike selloff continues Mar 09,2017
Gold continued to slide in early trade Wednesday, down around $5/oz overnight to a five-week low of $1,212/oz at 1030 GMT, as the recent selloff following the increased certainty of a March rise in US interest rates gathers speed. The possibility of a lift in interest rates for the second time since December at next week's Federal Reserve meetin...>>>
Indonesia's March HBA thermal coal price falls 2% on month Mar 09,2017
Indonesia's Ministry of Energy and Mineral Resources set its March thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $81.90/mt, down 1.7% from February, but up about 58.7% from a year ago. The ministry had set the price for February at $83.32/mt and the March 2016 price at $51.62/mt. The HBA is a monthly average pric...>>>
Colombian Feb thermal coal exports down 5% on-year to 7.41 million mt Mar 09,2017
Colombia exported 7.41 million mt of thermal coal in February, down 5% year-on-year but up 14% from January's 10-month low, with higher exports to a number of destinations, data from Colombian shipping agent Deep Blue showed Wednesday. Turkey was sent a five-month high of 1.58 million mt in February, up 21% on the year and 12% from January. The ...>>>
100 Spot Commodities Price Chart - 08/03/2017 Mar 09,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,14 commodities increased in prices, 36 fell and 49 remained unchanged on 08/03/2017.The largest rises were Asphalt (1.18%),Chloroform (0.93%),DME(0.60%),while the largest falls were Ac...>>>
China questions EU tariffs on steel products Mar 10,2017
China seriously questions the anti-dumping survey methods and decision of the European Union (EU), which announced exorbitant tariffs on steel products from China, said a commerce official on Thursday. The European Commission, the EU's executive body, announced Chinese exports of steel plate will be taxed with anti-dumping duties ranging from 65...>>>
Spread between US spot mixed xylene prices, blend values narrows Mar 10,2017
US spot mixed xylene prices continued to slide Thursday, with March barrels shedding 7 cents ($21.50) to be assessed at 217 cents/gal ($661/mt) FOB USG, as the spot price and blend value converged. Blend values have been on the rise since the beginning of the month and the mixed xylene blend value has risen nearly 17 cents since March 1, and was...>>>
Expandable polystyrene producers attempt to claw back margin lost from Nov-Feb: EPL Mar 10,2017
Expandable polystyrene producers are attempting to claw back margins lost from November-February, sources said on the sidelines of the European Petrochemical Luncheon in Valencia, Spain. The styrene contract price rose Eur535/mt ($565/mt) between November and February, while the EPS net contract price saw an increase of Eur490/mt, according to S...>>>
Asia shipping 20,000 mt of butadiene in March, mostly bound for US Gulf Coast Mar 10,2017
A third, rare cargo of spot butadiene is to sail in March from Asia to the US Gulf Coast, following disclosure last week of two other cargoes, to meet tight availability in the latter region, market sources say. The Gaschem Juemme and Happy Bird have been fixed to carry 5,500-8,000 mt from South Korea, while the Adriatic Gas will lift 4,000-5,00...>>>
Regional authority blocks plans for Chile's largest iron ore mine Mar 10,2017
Authorities in northern Chile have rejected plans to build the country's largest iron ore mine, citing flaws with its environmental plan. In a meeting Thursday, the environmental commission for Coquimbo region decided against approving the environmental impact study for the $2.5 billion Dominga project, with seven votes against versus six for as...>>>
US aluminum industry files dumping action against Chinese foil Mar 10,2017
The Aluminum Association's Trade Enforcement Working Group on Thursday filed antidumping and countervailing duty petitions alleging that unfairly traded imports of certain aluminum foil from China are causing material injury to the domestic industry. The antidumping margins alleged by the domestic industry range from 38% to more than 134% of the...>>>
Iran to abolish controls on iron ore: report Mar 10,2017
Iran is set to lift government controls on iron ore pricing in the domestic market, Tasnim News Agency reported Wednesday, citing the minister of economic affairs and finance, Ali Tayebnia. Tayebnia was quoted as saying there was a large gap between domestic iron ore prices and international levels, which the government would address by amending...>>>
Global platinum deficit likely to rise in 2017 on supply drop: WPIC Mar 10,2017
The global platinum deficit is predicted to weigh in at 120,000 oz in 2017, a larger shortfall than previously estimated, driven by a fall in supply, industry lobby group, the World Platinum Investment Council, said in its Platinum Quarterly Thursday. This year will be the sixth consecutive year of deficit, with total supply from mining and recy...>>>
Asia alumina: Australia stable overnight but down $6.50/mt on week Mar 10,2017
The Platts Australian alumina daily assessment was static Thursday at $342.50/mt FOB, although it has declined $6.50/mt in the last week, dragged by stockbuild in China. On Thursday, indicative bid, ask levels were $340-$341/mt FOB Australia, versus $345-$350/mt. A number of market participants have said the Australian price decreases have be...>>>
Israel cancels coal-fired power plant plans Mar 10,2017
Israel's Energy and Water and Finance Ministries have decided to cancel plans to build a fifth coal-fired plant, the Energy and Water Ministry confirmed on Thursday. The project was first approved in 2001 prior to the discovery of huge offshore natural gas reserves. The two ministries agreed to remove the proposed project -- delayed for years...>>>
100 Spot Commodities Price Chart - 09/03/2017 Mar 10,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,14 commodities increased in prices, 40 fell and 45 remained unchanged on 09/03/2017.The largest rises were Caustic soda (1.23%),Hydrofluoric acid (0.78%),Steam coal (0.68%),while the l...>>>
Middle East airlines seeing biggest hit to demand, 'humble' 2021 recovery: IATA Nov 26,2020
Middle Eastern airlines will see passenger demand plunge 73% this year, the largest collapse among all regions, due to pandemic-related related travel restrictions, an official from the International Air Transport Association said Nov. 25. The region's airlines are set to lose $7.1 billion in 2020 and their capacity is projected to plummet by 6...>>>
Biden presidency to create 'big momentum' on tackling climate change: IEA's Birol Nov 26,2020
The election of Joe Biden to the US presidency and his commitment to rejoining the Paris Agreement will create a "tremendous momentum" to fight climate change and will likely lead to a "big push" for technological innovation in the area, International Energy Agency executive director Fatih Birol said Nov. 25. Speaking at an online Autumn Confere...>>>