Chemical News
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Asian spot indium price hits highest level since Oct 2011 as sellers hold back Aug 28,2013
Spot indium prices in Asia have risen to their highest level since October 2011, as sellers hold back expecting prices to rise further in the near term, market sources said Tuesday. Platts assessed the spot indium price at $630-670/kg CIF Japan Tuesday, up from $550-560/kg CIF Japan assessed last Tuesday, and the highest since $680-690/kg CIF Ja...>>>
China's farm produce prices continue to rise Aug 28,2013
BEIJING, Aug. 27 (Xinhua) -- The prices of farm produce in 36 major Chinese cities continued to climb last week, according to official data released Tuesday. The wholesale prices of 18 kinds of vegetables went up 2.7 percent in the week ending Aug. 25 compared with the week earlier, a Ministry of Commerce statement said. The price of eggs ros...>>>
China's industrial profits rise 11.6 pct in July Aug 28,2013
BEIJING, Aug. 27 (Xinhua) -- Major Chinese industrial firms saw their combined profits rise 11.6 percent year on year in July, quickening from the 6.3-percent rate seen in June that points to further evidence of a firming economy, official data showed on Tuesday. The profits of industrial companies with annual revenues of more than 20 million yu...>>>
Large gold deposit found in south China Aug 28,2013
Chinese geologists confirmed on Tuesday that they have discovered a large gold deposit with estimated reserves of 21 metric tons in south China's Guangdong Province. It is the third such gold deposit in the province and has a potential value worth billions of yuan, sources with the Guangdong Geological Bureau said. The deposit is located in w...>>>
Asian spot indium price hits highest level since Oct 2011 as sellers hold back Aug 28,2013
Spot indium prices in Asia have risen to their highest level since October 2011, as sellers hold back expecting prices to rise further in the near term, market sources said Tuesday. Platts assessed the spot indium price at $630-670/kg CIF Japan Tuesday, up from $550-560/kg CIF Japan assessed last Tuesday, and the highest since $680-690/kg CIF Ja...>>>
100 Spot Commodities Price Chart - 27/08/2013 Aug 28,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,18 commodities increased in prices, 24 fell and 58 remained unchanged on 27/08/2013.The largest rises were Soybean meal (4.75%),LPG (1.33%),Hydrochloric acid (0.77%),while the largest ...>>>
Sinopec cuts East China ex-works orthoxylene price by 1.9% to Yuan 10,500/mt Aug 28,2013
China Petroleum and Chemical Corp, or Sinopec, has cut its ex-works price of orthoxylene in East China by Yuan 200/mt, or 1.9%, effective Tuesday, market sources said. Yangzi-BASF and Sinopec Zhenhai, the company's subsidiaries in East China, are now offering OX at Yuan 10,500/mt, equivalent to $1,426/mt on an import parity basis, sources said. ...>>>
New York Harbor ethanol backwardation structure grows to record high Aug 27,2013
The backwardation pricing structure for the New York Harbor ethanol market grew 35 cents Friday to Monday, to 39.5 cents/gal, the largest backwardation structure recorded by Platts for the New York Harbor ethanol market. Platts first started assessing New York Harbor ethanol for two months forward on September 1, 2010. The previous record hig...>>>
Sims expects ferrous scrap profit headwinds to subside Aug 27,2013
Sims Metal Management expects tight ferrous scrap flows and US scrap processing overcapacity, two major headwinds impacting margins, to improve in its current fiscal year that ends June 30, 2014. The global scrap firm notes an improvement in key scrap generation markets, including US light vehicles and household appliances, sales of which increa...>>>
US spot mixed xylene assesed at five-month high on tight supply Aug 27,2013
US spot mixed xylene was last assessed Friday at a five-month high of $4.25/gal ($1,296.85/mt) FOB US Gulf Coast after a trade was heard at that level for August, sources said. The spot assessment has not been this high since March 13, when mixed xylene was assessed at this same level, according to Platts data. Friday's assessment was 11 cent...>>>
Chinese state refiners' performance worsens on slumping demand Aug 27,2013
Despite a new oil product pricing mechanism introduced by the central government in March, China's state refiners continued to suffer in the downstream in the second quarter because of poor domestic demand, their interim results showed. Downstream margins have improved considerably since last year, largely due to more timely domestic retail oil ...>>>
Cambodia's oil imports down 5.6 pct in first half of 2013 Aug 27,2013
PHNOM PENH, Aug. 26 (Xinhua) -- Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the country spent about 825 million U.S. dollars t...>>>
100 Spot Commodities Price Chart - 26/08/2013 Aug 27,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 16 fell and 53 remained unchanged on 26/08/2013.The largest rises were Silver (5.07%),Natural rubber (2.18%),Soybean meal (1.03%),while the largest ...>>>
Oil prices dip on disappointing U.S. durable goods data Aug 27,2013
NEW YORK, Aug. 26 (Xinhua) -- U.S. oil prices dropped Monday after July durable goods orders came in weaker than expected. New orders for manufactured durable goods in July tumbled 7.3 percent from the previous month following three consecutive monthly increases, weighed down by a weak demand for transportation equipment, the U.S. Commerce Depar...>>>
Chinese company builds massive-capacity nuclear generator Aug 27,2013
CHENGDU, Aug. 24 (Xinhua) -- Dongfang Electrical Machinery Co. Ltd (DFEM), a major Chinese power generating equipment manufacturer, has completed construction of a 1,750 MW nuclear generator and started transporting it to a nuclear power plant in south China on Saturday. The 1,750 MW generator currently has the biggest per-unit installed capacit...>>>
China's Jul fuel oil imports unchanged from year ago at 1.87 mil mt on muted demand Aug 27,2013
China's fuel oil imports in July were flat from a year earlier, at 1.87 million mt, amid sustained weak demand for the fuel, detailed data released last week by the General Administration of Customs showed. The volumes refer to the fuel oil classified as No. 5-7 by China's customs department. Traders on Monday said demand for fuel oil in Chin...>>>
WEEKLY WRAP: Estimated ethanol production margin jumps to 15-week high Aug 26,2013
The estimated weekly production margin for a typical US Midwest dry-mill ethanol plant jumped 1.98 cents, or 3.39%, this week to a 15-week high of 60.43 cents/gal, according to a Platts estimate based on a Friday review of data. This was also the second-highest estimated weekly ethanol production margin this year, only bested by the margin May 1...>>>
Ruthenium, iridium slip on weak industrial demand, plentiful supply Aug 26,2013
Iridium and ruthenium prices drifted lower this week on lack of industrial interest and excess supply among traders and consumers. The Platts New York Dealer price range for iridium fell to $725-800/oz this week from $775-850/oz last week, while ruthenium prices -- which have shown signs of weakening in recent weeks -- finally slipped to $65-75/...>>>
TPC Group nominates Sep US butadiene CP at rollover of 40 cents/lb: sources Aug 26,2013
TPC Group was heard nominating its September US butadiene contract price at a rollover from August at 40 cents/lb ($882/mt), sources said Thursday. TPC Group was unavailable to confirm the nomination. Market expectations have been for a rollover to slightly higher September US butadiene contract price, due to a recent rise in US spot butadien...>>>
Chinese smartphone makers taking on bigger market Aug 26,2013
Chinese smartphone maker Xiaomi has said the company is now worth 10 billion U.S. dollars after a new round of funding, presenting the latest evidence of Chinese smartphone makers' breakneck growth. The private company owns the sixth-largest market share in China, ahead of Apple Inc., according to global research firm Canalys. Xiaomi's share in ...>>>