Chemical News
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Asian PX-MX spread hits one-year low as MX firms amid bearish PX Sep 06,2013
The price spread between Asian paraxylene and isomer-grade mixed xylenes shrank $9/mt day on day to a one-year low of $175/mt on a CFR basis Wednesday as PX prices turned top heavy while MX remained bullish, Platts data showed. Asian isomer-MX rose $13/mt day on day to $1,309.50/mt FOB Korea and rose $9/mt to $1,327.50/mt CFR Taiwan Wednes...>>>
US coal production rises 4% year on year in week ending Aug. 31: EIA Sep 06,2013
US coal production totaled about 20.9 million st in the week that ended Saturday, the Energy Information Administration said Thursday. The production estimate, based on railcar loadings, is 1.2% higher than the previous week's estimate and 4% above output in the same week in 2012, EIA said. Production east of the Mississippi River totaled 8.4...>>>
100 Spot Commodities Price Chart - 05/09/2013 Sep 06,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,16 commodities increased in prices, 26 fell and 58 remained unchanged on 05/09/2013.The largest rises were SBR (1.21%),Styrene (1.05%),LLDPE (0.80%),while the largest falls were Dyspro...>>>
Chemical plants' safety a work in progress Sep 06,2013
The nation's chemical industry still faces challenges involving work safety after more than 20 years of development, but the government will continue to make great efforts to improve the situation, said a senior official on Wednesday. In recent years, the industry has become safer, with fewer accidents and workplace deaths, even as the sector ha...>>>
Gold falls below 1,400 US dollars Sep 05,2013
Gold futures on the COMEX division of the New York Mercantile Exchange on Wednesday went down to settle at their lowest in nearly two weeks, as the US faced opposition from Russia on a military strike against Syria, eroding demand for gold as a safe haven. The most active gold contract for December delivery lost 22 dollars, or 1.56 percent, to s...>>>
Sinopec raises butadiene prices in North China by 6% effective Wed Sep 05,2013
China Petroleum and Chemical Corp, or Sinopec, raised its ex-works butadiene prices in the north by Yuan 500($81)/mt, or 6%, to Yuan 9,000/mt effective Wednesday, end-users said. The price increase comes after the state-run company late Tuesday raised its butadiene offers in the east by Yuan 500/mt to Yuan 9,000/mt and in the south by Yuan 800/m...>>>
Ashgabat, Beijing sign deals to expand Turkmen gas exports to China Sep 05,2013
Ashgabat and Beijing have signed a number of deals on development of the supergiant Galkynysh gas field in Turkmenistan and related infrastructure during a visit by China's President Xi Jinping to the Central Asian state Tuesday. The deals are within the framework of previous agreements to boost natural gas supplies from Turkmenistan to China to...>>>
LNG market tightness to peak 2014 as Asia absorbs supply additions: Barclays Sep 05,2013
The global LNG market is expected to see a peak in supply tightness in 2014, rising Asian demand will likely match the average 0.9 Bcf/day additional liquefaction capacity expected to come onto the market in the year, Barclays Research said in a report late Tuesday. Four liquefaction projects with a combined capacity of 2.5 Bcf/day are set to co...>>>
Reforms urged for pharma industry Sep 05,2013
Experts have called for reforms of public hospitals and more legislation on the pharmaceutical industry, after police revealed more details on Tuesday of suspected financial violations by GlaxoSmithKline China. The British pharmaceutical giant has been under investigation since early July over suspected bribery and tax-related violations, more d...>>>
China's Chongqing Iron & Steel to keep crude steel output at 6 mil mt in 2013: source Sep 05,2013
China's state-owned enterprise Chongqing Iron & Steel plans to maintain its crude steel output in 2013 at 6 million mt amid uncertainties in the market, a company source told Platts Wednesday. The steelmaker has three blast furnaces, each 2,500 cubic meters, at Changshou district in southwestern China's Chongqing municipal city. Its crude steel ...>>>
100 Spot Commodities Price Chart - 04/09/2013 Sep 05,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,29 commodities increased in prices, 21 fell and 50 remained unchanged on 04/09/2013.The largest rises were Coke (1.41%),LDPE (1.33%),Cotton yarn (1.28%),while the largest falls were St...>>>
Japan's Idemitsu to cut bunker fuel supply from Chiba in late Sep Sep 04,2013
Japanese refiner Idemitsu Kosan plans to cut bunker fuel supply from its 220,000 b/d Chiba refinery in Tokyo Bay in the second half of September due to construction at shipment facilities, a company source said Monday. The company plans to suspend shipments from the refinery during the construction, which is set to start in mid-September. The wo...>>>
Uranium spot price weakens further in the wake of low-priced deal Sep 04,2013
The spot price of uranium has dropped by about $1 in the past week to come in at about $34/lb, as a trading company's deal last week to sell material that level continued to depress prices, market analysts said in interviews Tuesday. The last time U3O8 spot prices were below the current average was November 14, 2005, when price publisher Ux Cons...>>>
US mixed xylene September CP settles 33 cents higher at $4.25/gal: sources Sep 04,2013
The September US mixed xylene contract price settled at $4.25/gallon ($1,287.75/mt), an increase of 33 cents ($99.99/mt) from the mark for August, industry sources said Tuesday. The settlement was in line with market expectations, although some participants were thinking the contract price would settle even higher with spot prices currently abov...>>>
Energy partners boost gas supplies Sep 04,2013
China and Turkmenistan vowed on Tuesday to be "long-term, stable and reliable" energy partners and ensure the annual transport of 65 billion cubic meters of natural gas to China by 2016 through the world's longest natural gas pipeline. President Xi Jinping and his Turkmen counterpart Gurbanguly Berdymukhamedov made the announcement in a joint de...>>>
ATLANTIC MET COAL: Prices steady as mills begin price deal negotiations Sep 04,2013
The price of Atlantic met coal remained steady Monday, following recent modest fluctuations, with mills and traders moving into the negotiation period for both contract and spot deals. One European-based trader said he would be buying in the next two weeks and that the Platts assessment of $134.50/mt FOB USEC for low-vol hard coking coal was a r...>>>
CAPP coal for Cal 2014 trades in volume, prices down Sep 04,2013
Barge-delivered Central Appalachian coal for Cal 2014 fell 60 cents/st Tuesday as the contract was seen trading down through the session. Platts assessed the Cal 2014 price at $55.75/st, the lowest level for a front-year contract since December 24, 2009, when the price was assessed at $53.50/st. The contract was seen trading eight times in the s...>>>
Solar deal could change the industry Sep 04,2013
In what's being described as a win-win-win venture, a three-way agreement has been signed between Austin-based Applied Nanotech Holdings, Inc (APNT), a world leader in inks and pastes for printed electronics, China's Sichuan Yinhe Chemical Co Ltd (YHCC) and Silicon Valley-based Solexel Inc, a solar cell developer and manufacturer. The agreement cov...>>>
Sinopec hikes East China ex-works isomer-MX price by Yuan 200/mt, or 2.3% Sep 04,2013
China Petroleum & Chemical Corp, or Sinopec, has raised its East China price for isomer-grade mixed xylenes by Yuan 200/mt or 2.3% effective Monday, market sources said Tuesday. The company's isomer-MX ex-works price at its four subsidiaries in East China -- Sinopec Zhenhai, Sinopec Nanjing, Sinopec Jiujiang and Yangzi-BASF -- is now Yuan 9,000/...>>>
100 Spot Commodities Price Chart - 03/09/2013 Sep 04,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,41 commodities increased in prices, 18 fell and 41 remained unchanged on 03/09/2013.The largest rises were BR (2.13%),Diesel (1.58%),Benzene (1.32%),while the largest falls were PC (>>>