Chemical News
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China industrial output growth at 17-month high Sep 11,2013
China's industrial production gained traction in August with its value-added output expanding at its fastest pace in 17 months, according to official data released Tuesday. A National Bureau of Statistics statement said the country's total industrial value-added output grew by 10.4 percent year on year last month, up 0.7 percentage points over J...>>>
ICE Brent, NYMEX crude settle lower; Syria strike expectations ease Sep 10,2013
ICE October Brent dipped to its lowest level in a week then settled $2.40 lower at $113.72/barrel Monday, while NYMEX crude also fell as uncertainty over a potential US strike against Syria remained. In after-hours trade, October Brent fell $3 to $113.12/b. NYMEX October crude settled $1.01 lower at $109.52/b. October ULSD settled 4.54 cents ...>>>
US biodiesel prices plunge on weakness in RINs, ULSD futures Sep 10,2013
US biodiesel assessments plunged Monday to their lowest levels in at least two months on combined weakness from RINs prices and NYMEX ULSD futures. Chicago SME biodiesel and US Gulf Coast SME biodiesel were both assessed 14.5 cents lower to $4.7685/gal and $4.8185/gal, respectively, amid ample supply, stagnant biomass-based diesel (D4) RINs pric...>>>
Iran's cement, clinker exports 43.5 pct up in 5 months: report Sep 10,2013
TEHRAN, Sept. 9 (Xinhua) -- Iran exported 8.064 million tons of cement and clinker in the first five months of the current Iranian calendar year, March 21- Aug. 22, 43.5 percent up year on year, Tehran Times daily reported on Monday. Exports of cement and clinker amounted to 6.52 million tons and 1.53 million tons respectively, the secretary of ...>>>
Biofuel-powered commercial flight debuts in Colombia Sep 10,2013
BOGOTA, Aug. 21 (Xinhua) -- Airline LAN Colombia on Wednesday carried out the South American country's first biofuel-powered commercial flight, opening a new chapter in its bid to cut greenhouse gas emissions. The flight, which took some 170 passengers from the capital to Cali, a city in southwestern Colombia, was a "milestone," said Ignacio Cue...>>>
MEGlobal nominates October MEG Asian CP at $1,220/mt, up $10 Sep 10,2013
MEGlobal on Monday nominated its October Asian contract price for monoethylene glycol at $1,220/mt CFR, up $10 from its price for September, a company source said in an email. The October ACP reflects the short-term supply and demand situation in Asia, the source said without providing details. MEGlobal, a 50:50 joint venture of US-based Dow ...>>>
Steel, iron firms make July profit Sep 10,2013
The domestic iron and steel industry began to turn a profit in July largely driven by the rebound of market demands and steel prices, but this may be hard to maintain in the fourth quarter as the cost of raw materials will increase, the Beijing-based Economic Information Daily reported Monday. According to the financial data of 86 large domesti...>>>
Algeria discovers new gas reserves: minister Sep 10,2013
ALGIERS, Sept. 9 (Xinhua) -- Algeria has discovered new gas reserves in exploration programs recently, the country's Minister of Energy and Mines, Youcef Yousfi, said during a press conference on Monday. "This year's intensified gas exploration program enabled Sonatrach (a state-run energy group) to make new discoveries, some of which are very i...>>>
Taiwan's FCFC keeps PX run rates high despite poor margins, mixed outlook Sep 10,2013
Taiwan's Formosa Chemical and Fiber Corp is maintaining run rates at its three aromatics plants at 90-100% of capacity despite paraxylene production margins remaining poor, a company source said last Friday. The price spread between Asian PX and its feedstock isomer-grade mixed xylene shrank $7/mt day on day to a one-year low of $174.50/mt on a ...>>>
100 Spot Commodities Price Chart - 09/09/2013 Sep 10,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,27 commodities increased in prices, 17 fell and 56 remained unchanged on 09/09/2013.The largest rises were BR (2.18%),Silver (2.11%),Tin ingot (1.96%),while the largest falls were Natu...>>>
New nano-tech could treat China's lake pollution Sep 10,2013
HEFEI, Sept. 9 (Xinhua) -- Chinese scientists announced on Monday that they have developed a type of nanomaterial which can catalyze algae masses growing on water surfaces into inorganic earth. Chinese lakes are often plagued by catastrophic outbreaks of blue-green algae. Triggered by vast amounts of sewage water drained into rivers and lakes, i...>>>
Yemen's oil export pipeline resumes pumping Sep 09,2013
SANAA, Sept. 8 (Xinhua) -- Yemen's main oil export pipeline has resumed pumping crude after it was repaired following an attack last week, the interior ministry said in a statement on Sunday. Tribesmen in the northeastern province of Marib blew up the pipeline on Thursday, just three days after a similar attack in the same area, according to the...>>>
Molybdenum oxide prices fall, market lacks activity: sources Sep 09,2013
A lack of demand for molybdenum oxide pushed prices lower throughout the day, sources said Friday. Platts assessed its daily molybdenum oxide price at $9.50-9.60/lb, down from $9.55-9.60/lb. "Everyone is talking about $9.50 but no deals have been done at this level," a producer said, adding that there were no inquiries and very little interes...>>>
CNPC, Gazprom ink agreement on gas supply Sep 09,2013
BEIJING. Sept. 6 (Xinhua) -- The China National Petroleum Corporation (CNPC) said on Friday that it has signed a framework agreement with Russian energy giant Gazprom to import natural gas. The agreement is a breakthrough after years of negotiation on bilateral gas cooperation, and paves the way for a final deal that the two companies have agree...>>>
Japan's Jul SBR imports rise 22% from Jun, sink 26% on year Sep 09,2013
Japan imported 4,536 mt of styrene-butadiene-rubber solids in July, up 22% from 3,732 mt in June but down 26% from 6,129 mt a year earlier, data released Friday by the Rubber Trade Association of Japan showed.The country has imported 28,744 mt of SBR over the first seven months of 2013, down 15% from 33,687 mt in the corresponding pe...>>>
US propylene September contracts reach full settlement at rollover: sources Sep 09,2013
US propylene contract prices for September have reached a full settlement at a rollover, market sources said Thursday. As first reported by Platts, propylene contracts began to settle Wednesday flat to August, with polymer grade at 70 cents/lb delivered and chemical grade at 68.50 cents/lb on a delivered basis, with sources at a major producer a...>>>
100 Spot Commodities Price Chart - 06/09/2013 Sep 09,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,25 commodities increased in prices, 22 fell and 53 remained unchanged on 06/09/2013.The largest rises were SBR (1.60%),Tin ingot (1.06%),Styrene (0.84%),while the largest falls were Dr...>>>
China XD Electric, GE form alliance Sep 09,2013
XI'AN, Sept. 6 (Xinhua) -- China XD Electric Co., Ltd. announced on Friday a strategic alliance with the General Electric Company to tap China's vast electrical infrastructure market. The Shanghai-listed company in May of this year transferred a 15 percent stake worth 3.38 billion yuan (546 million U.S. dollars) through private placement, making...>>>
PLATTS FEATURE: China refinery utilization rates could fall on lower demand: analysts Sep 09,2013
Refining capacity expansions in China have been largely on track this year although the country's relatively weaker growth in oil demand could delay some projects and result in lower utilization rates, analysts said this week. Up to 1.3 million b/d of additional refinery capacity had been expected to come on stream in China during 2012 and 2013,...>>>
End to copper scrap licensing expected to have limited impact on China prices Sep 06,2013
Traders expect limited market impact from the Chinese government ending its licensing system for imported copper scrap, although the move might result in shorter customs clearance times, industry sources said Thursday. China's Ministry of Commerce said August 26 that it would abolish the import licensing system for copper scrap, aluminum scrap a...>>>