Chemical News
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Oil prices retreat on profit-taking Aug 20,2013
NEW YORK, Aug. 19 (Xinhua) -- Oil prices dropped on profit- taking Monday after gains for six trading days on concerns that the unrest in Egypt could disrupt oil supplies. Although Egypt is not a major oil producer, it controls the Suez Canal and the Suez-Mediterranean Pipeline, through which a large amount of crude and refined products were shi...>>>
China Geological Exploration to list mining assets on SGX via RTO Aug 20,2013
SINGAPORE, Aug. 19 (Xinhua) -- China Geological Exploration Holdings (CGE) is planning to list some of its mining assets via a reverse take-over (RTO) of Singapore Exchange (SGX)-listed China Mining International (China Mining), the CGE said on Monday. The CGE is a company ultimately owned by the Geo-exploration and Mineral Development Bureau of...>>>
US EPA to issue new toxic emissions standards for oil refineries Aug 20,2013
The US Environmental Protection Agency will update its almost two-decades-old toxic emissions standards for oil refineries and finalize new regulations by December 19, 2014, to settle a lawsuit brought by environmental and public health groups. The EPA would propose new standards by February 14, before finalizing them 10 months later, in s...>>>
China's coal output, sales decline Aug 20,2013
BEIJING, Aug. 19 (Xinhua) -- China's coal output and sales both declined in the first seven months of 2013, statistics from the China National Coal Association (CNCA) showed on Monday. The country's coal output in the Jan.-July period stood at 2.13 billion tonnes, down 3.5 percent from the same period last year, while sales decreased 3.9 percen...>>>
Iran vows to restore its share in oil market: minister Aug 20,2013
TEHRAN, Aug. 19 (Xinhua) -- One of the priorities of Iran's Oil Ministry is to restore the country's "lost" share in oil market, local media quoted Iranian Oil Minister Bijan Namdar-Zanganeh as saying on Monday. Namdar-Zanganeh, who was endorsed as new oil minister by the parliament on Thursday, said his short-term plan included the return of Ir...>>>
ExxonMobil nominates Sept US butadiene CP at rollover of 47 cents/lb: sources Aug 20,2013
ExxonMobil was heard nominating its September US butadiene contract price at a rollover from August at 47 cents/lb ($1,036/mt), sources said Monday. ExxonMobil spokeswoman Margaret Ross declined comment on the nomination as it is ExxonMobil's practice not to comment on prices. Market expectations have been for a rollover to slightly higher Se...>>>
100 Spot Commodities Price Chart - 19/08/2013 Aug 20,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,25 commodities increased in prices, 16 fell and 59 remained unchanged on 19/08/2013.The largest rises were Hydrochloric acid (12.28%),Lead ingot (2.20%),Silver (1.52%),while the larges...>>>
Nearly half of imported iron ore at Hebei port of low quality: report Aug 19,2013
Almost all of the iron ore imported from Mexico were found to be of low quality at the port in Hebei Province in the first half of 2013, news portal www.ce.cn reported Sunday. According to the report, the office of Hebei entry-exit inspection and quarantine bureau has inspected 405 batches of iron ore worth $2.79 billion in the first half of the...>>>
Iran ready to export natural gas to Ukraine Aug 19,2013
TEHRAN, Aug. 17 (Xinhua) -- Iranian Ambassador to Ukraine, Akbar Qasemi-Aliabadi, said that Iran has large gas reserves and is ready to supply natural gas to Ukraine, Tehran Times daily reported on Saturday. "Both Ukraine and Moldova need natural gas, and Iran has huge gas reserves and is ready to consider future supplies of fuel to the two coun...>>>
Rhodium prices edge higher on investment bank buying Aug 19,2013
Rhodium prices continued to rise this week on buying by investment banks on behalf of industrial consumers and improved market sentiment. The Platts New York Dealer rhodium price range on Friday rose to $975-1,015/oz from $950-995/oz last week. Some trade sources credited the buying to improving overall sentiment among market players in preci...>>>
SHFE gold positioned to bridge gap with Comex Aug 19,2013
Domestic gold futures still have room to grow following the recent commodities rally, which sent gold, copper and crude oil to multi-month highs last week. The most traded gold contract on the Shanghai Futures Exchange (SHFE) rose 1.45 percent Friday to finish the week up nearly 4 percent, even though the contract missed out on late-day gains in...>>>
DAK Americas plans to raise September PET price by 3 cents/lb: letter Aug 19,2013
DAK Americas plans to raise September prices for all grades of polyethylene terephthalate by 3 cents/lb, according to a letter sent to customers on Friday. "The announcement is necessary due to upward pressure on the price of raw materials," the letter states. Sources said Friday that other US producers are also likely to increase prices for ...>>>
Iran's aluminum ingot output up 6 pct over last year Aug 19,2013
TEHRAN, Aug. 17 (Xinhua) -- Iran produced 119,560 tons of aluminum ingots in the first four months of the current Iranian calendar year, March 21-July 22, marking a 6 percent year-on-year increase, Tehran Times daily reported on Saturday. In the first four months of current Iranian calendar year, Iran also produced 82,967 tons of aluminum powder...>>>
Illinois Basin coal prices little changed on low demand, few export deals Aug 19,2013
The Illinois Basin steam coal market continues to face domestic and international headwinds, as weak overseas prices and domestic electricity demand keep a cap on prices, sources said Friday. "The export market is really dropping off," said a Tennessee-based broker. "It's high risk and low margins." On the domestic side, the broker said Illin...>>>
Oil prices rise on geopolitical tensions in Middle East Aug 19,2013
NEW YORK, Aug. 15 (Xinhua) -- Oil prices went up Thursday as unrest in Egypt bolstered concerns that oil supplies from Middle East may be disrupted. The Middle East accounted for 35 percent of global oil output, according to the International Energy Agency. Egypt controls the Suez Canal and the Suez-Mediterranean Pipeline, through which a large ...>>>
100 Spot Commodities Price Chart - 16/08/2013 Aug 19,2013
It was assessed by SunSirs that in the tracked 100 spot commodities,25 commodities increased in prices, 29 fell and 46 remained unchanged on 16/08/2013.The largest rises were Silver (4.70%),Dysprosium oxide (4.55%),Acrylic acid (1.81%),while the larges...>>>
China accelerates overcapacity reduction Aug 19,2013
BEIJING, Aug. 17 (Xinhua) -- It was usually quiet Friday morning at the Baoshan Cement Co., Ltd. factory in east China's Jiangxi Province. The factory's production lines were shut down after it was put on a list of companies designated by the Ministry of Industry and Information Technology to be shut down due to overcapacity. More than 1,400 ...>>>
Gold demand falls 12% in Q2 to 856 mt as ETF selling continues: WGC Aug 16,2013
A 53% jump in consumer demand for gold in China and India during the second quarter was not enough to offset a heavy decline in Exchange Traded Fund purchases which fell 400 mt over the same period, leaving demand down 12% on year at 856 mt, the World Gold Council said Thursday. "Gold held in gold-backed ETFs fell by just over 400 mt, driven by ...>>>
US MEG contracts set to move higher in September: sources Aug 16,2013
US monoethylene glycol contracts are set to move higher in September, with multiple producers planning to increase prices, sources said Thursday. MEGlobal is raising its North American Benchmark price to 60 cents/lb ($1,323/mt), a 3 cents/lb ($66/mt) increase over August levels, the company said. The increase is in line with MEGlobal's Asian con...>>>
Opportunities abound in clean technology Aug 16,2013
State's support for new environmental initiatives promotes emerging sectors China's investment in renewable energy will bring vast opportunities and challenges for the country's overall development, a senior official said at a recent high-level summit. Xie Zhenhua, vice-chairman of the National Development and Reform Commission, said invest...>>>