Chemical News
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EMEA petrochemicals outlook: w/c June 26 Jun 27,2017
Benzene prices are set to hold their ground as limited availability at the front end keeps prompt prices supported. However, the picture remains mixed for toluene amid limited buying appetite in Europe. AROMATICS While the gasoline blending pool remains the primary outlet for placing spot MX molecules, its supplies are tight after exports of ...>>>
Asia petrochemicals outlook: w/c June 26 Jun 27,2017
Sentiment in the Asian petrochemical market is set to be mixed this week after a fall in upstream crude oil futures and thin trading activity last week in the leadup to end of Ramadan holidays in the Middle East and Southeast Asia. S&P Global Platts did not publish assessments Monday due to the public holiday in Singapore. August ICE Brent fu...>>>
China starts antidumping investigations on styrene monomer imports from S Korea, Taiwan, US Jun 27,2017
China's Ministry of Commerce on June 23, has started antidumping investigations on styrene monomer imports from South Korea, Taiwan and the US, following a recent petition filed by Chinese SM producers, the ministry said in a statement Friday. The investigations came on the heels of a notice sent to South Korea's embassy in Beijing dated June 12...>>>
US stainless sheet surcharges fall on lower chrome costs Jun 27,2017
US stainless flats surcharges will drop in July alongside lower chrome costs, according to raw material levies published by domestic mills Monday. ATI Allegheny Ludlum, AK Steel, North American Stainless and Outokumpu Coils America published cold-rolled sheet surcharges for July with Types 304 and 316 stainless at 43.23-43.26 cents/lb and 56.85-...>>>
EU launches dumping probe into Chinese, Russian, Turkish low-carbon ferrochrome Jun 27,2017
The European Commission has launched an antidumping investigation into imports of low-carbon ferrochrome originating in China, Russia and Turkey. The move follows a complaint lodged May 10 by the association of European ferroalloy producers, Euroalliages, on behalf of the sole European Union producer of low-carbon ferrochrome, Germany's Elektrow...>>>
Atlantic metallurgical coal: US low-vol deficit to high-vol A narrows Jun 27,2017
The Atlantic metallurgical coal market on Friday saw US low-vol prices narrow their discount to high-vol A grades, as low-vol and mid-vol Australian coal won support on higher Chinese spot demand. S&P Global Platts assessed US low-vol $2 higher at $143/mt FOB US East Coast Friday as the mid-window laycan moved more toward August. Alabama-base...>>>
Rio Tinto again names Yancoal as preferred buyer of Coal & Allied Jun 27,2017
Rio Tinto has once again named Yancoal Australia as the preferred buyer of its Australian Coal & Allied thermal coal operation over Glencore as Yancoal improved its offer to $2.69 billion. The miner said in a statement Monday that its shareholders had voted in favor of Yancoal due to the improved offer and a "high level of completion certainty."...>>>
US coal generation slips in April; renewables gain ground: EIA Jun 27,2017
US coal generation dipped in April, making up 27.8% of total US power generation during the month, down from 28.2% in March, the Energy Information Administration's Electric Power Monthly report showed Monday. April coal burn totaled 81.8 TWh, down 8.8% from March but up 13.7% from the year-ago month. It was the lowest monthly total since May 20...>>>
100 Spot Commodities Price Chart - 26/06/2017 Jun 27,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,37 commodities increased in prices, 17 fell and 45 remained unchanged on 26/06/2017.The largest rises were Dried cocoons (1.94%),Propylene oxide (1.54%),Copper (1.02%),while the larges...>>>
China's Qinzhou Port repatriates 425.562 mt of Peruvian copper concs Jun 28,2017
The Chinese port of Qinzhou has repatriated 425.562 mt of substandard Peruvian copper concentrates with arsenic content in excess of state standards, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a report on its website Monday. After repeated laboratory tests, the copper concentrate was found to hav...>>>
Formosa Plastics to restart Texas units over long holiday weekend: sources Jun 28,2017
Formosa Plastics expects to restart multiple units at its Point Comfort, Texas, complex over the long Fourth of July holiday weekend following an unplanned outage, sources said Tuesday. The outage began Saturday after lightning struck a transformer, causing a power outage at a pair of olefins units, as well as the polyethylene, polypropylene, et...>>>
Petrochemicals shun unseasonably expensive propane in Europe Jun 28,2017
The spot European propane market has struggled to compete for petrochemical interest at the tail end of June, as naphtha prices have been dragged lower by a weakening crude market and propane cargo prices were supported by a closed arbitrage from the US Gulf Coast to Europe. On Tuesday, large TOT propane cargoes were priced at a a discount of ar...>>>
Late declarations hamper July-delivery Asian paraxylene market Jun 28,2017
Procedures to facilitate the physical delivery of paraxylene cargoes into Asia have been breaking down in recent months, with delays in port and laycan advisories worsening considerably since late May, affected market participants have told S&P Global Platts. Critical to the physical PX trading process is the declaration of the port and half-mon...>>>
Brazil reduced imports of rebar to zero in May Jun 28,2017
Brazil's imports of rebar in May 2017 were zero, trade ministry data showed Tuesday. In the same month a year ago, the country imported 21,508 mt of the product. Considering the January-May period, imports of rebar into Brazil totaled 4,753 mt. This volume is a reduction of 81.4% year on year from 25,594 mt imported in the same period in 2016...>>>
Excelsior Mining gets permit for Johnson Camp copper processing facility Jun 28,2017
Excelsior Mining has been issued an amended aquifer protection permit from the Arizona Department of Environmental Quality for the Johnson Camp mine, another regulatory milestone for the Canadian company as it prepares to start construction on its nearby Gunnison copper project, an Excelsior official said Tuesday. J.J. Jennex, spokesman for the ...>>>
Global steel demand to grow 3% this year: Morgan Stanley Jun 28,2017
Morgan Stanley expects global steel demand to increase 3% this year to 1.6 billion mt, then rise 1% to 1.62 billion mt in 2018, the bank said in its third quarter price deck. At the same time, global crude steel production will increase 3% this year to 1.65 billion mt, and rise another 1% in 2018 to 1.67 billion. Global capacity utilization r...>>>
Mexico puts 10% ethanol blend for gasoline into effect, matches US EPA standards Jun 28,2017
Mexico on Tuesday increased to 10% the optional proportion of ethanol in gasoline for most of the country except the major metro areas of Mexico City, Guadalajara and Monterrey. The new standard, known as NOM-16, was announced two weeks ago by the country's Energy Regulatory Commission (CRE) and put in place after it was published in the officia...>>>
CNX seeks to extend Bailey coal mine in Pennsylvania Jun 28,2017
CNX Coal Resources is seeking three permits from the Pennsylvania Department of Environmental Protection for longwall panels and development mining as part of the continuing mine plan for its Bailey underground thermal coal operations in Greene County, a company spokesman said Tuesday. Zach Smith said in an interview the company, a spinoff from ...>>>
PAJ chief dismisses likelihood of OPEC to make additional oil output cut soon Jun 28,2017
Petroleum Association of Japan president Yasushi Kimura said Monday that he does not expect OPEC to make an additional production cut soon as the group should be monitoring oil markets, following its May decision with non-OPEC producers to extend their agreement by nine months. "Even if OPEC makes additional cuts right now, it would not have muc...>>>
100 Spot Commodities Price Chart - 27/06/2017 Jun 28,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,22 commodities increased in prices, 24 fell and 53 remained unchanged on 27/06/2017.The largest rises were Maleic anhydride (2.37%),Natural rubber (1.77%),Polysilicon (1.36%),while the...>>>