Chemical News
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Australian thermal coal Oct 2017-Sep 2018 term offer to Japan buyers opens at $100/mt FOB Sep 22,2017
Talks are underway in Japan to determine a benchmark price for deliveries of Australian thermal coal to Japanese customers for the year starting October 1, according to market sources Thursday. The term contract negotiations started last week, with an opening offer price in three digits -- around $100/mt FOB Newcastle -- from a large Australian ...>>>
MISO price tops $1,500/MWh on conservation, maximum generation alerts Sep 22,2017
Midcontinent Independent System Operator power prices spiked Thursday as the footprint region was under a conservation operation notice and a maximum generation alert due to hot weather expected across the region, forced generation outages and higher-than-expected load. Michigan Hub on-peak real-time prices topped $1,500/MWh as of 2:10 pm EDT Th...>>>
UK natural gas: Short system boosts spot contracts Sep 22,2017
UK NBP spot gas contracts were trading higher Thursday mid-morning on the back of an undersupplied system. Norwegian flows were running low due to maintenance, with total flows unable to cover the increased demand on the day. Within-day up 1.50 p/th to 46.80 p/th UK gas system 17 million cu m short October up 0.225 p/th to 44.725 p/th Accor...>>>
European refiners prospects rise on lower stocks, low availability elsewhere Sep 22,2017
Decreasing stocks, especially of distillates, and low refining availability elsewhere in the world have improved prospects for European refiners, delegates told a refining conference in Brussels Thursday. Related content Video -- IMO 2020: A storm in a teacup? Podcast -- IMO 2020: Which country will be the toughest enforcer of the sulfur cap? ...>>>
Ethanol RINs fall by 52.54 million in August: US EPA Sep 22,2017
Ethanol RINs generated in August fell by 52.54 million RINs, or 4.12%, compared to July, when it was 1.326 billion RINs, US Environmental Protection Agency data showed Thursday. August biomass-based diesel (D4) RINs rose by 8.83 million RINs, or 2.38%, to 380 million RINs generated. Meanwhile, advanced biofuel (D5) RIN generation rose by 22.8...>>>
US to impose new North Korea sanctions targeting energy trade, shipping Sep 22,2017
The US will impose new sanctions designed to cut off funding for North Korea by targeting individuals and companies that trade with the Kim Jong-un regime, including those involved in energy, mining and shipping, Treasury Secretary Steve Mnuchin said Thursday. In an executive order, President Donald Trump authorized the Treasury Department to im...>>>
US HRC prices slip further Sep 22,2017
US hot-rolled coil prices softened further Thursday amid lower buying activity, according to market sources. S&P Global Platts lowered its daily HRC assessment to $610-$630/st, reflecting a $620/st midpoint. This is down from $620-$635/st. The cold-rolled coil assessment held steady at $790-$820/st. Both assessments are normalized to an ex-work...>>>
NWE olefins contract prices likely to rise in October Sep 22,2017
The European contract prices for ethylene and propylene are likely to rise in October, S&P Global Platts data suggests. The European spot market for olefins had been on a upward trend since the beginning of the month, after a number or crackers entering planned maintenance diminished imports. The unplanned outage at Shell's Moerdijk cracker in t...>>>
China manganese: Prices firm further ahead of China holidays Sep 25,2017
Spot export prices of Chinese electrolytic manganese metal firmed further this week as European demand picked up ahead of China's October 1-8 National Day holidays. S&P Global Platts 99.7% manganese metal assessment stood at $1,670-$1,700/mt FOB China Friday, up from $1,650-$1,680/mt last week. Major Chinese producer Ningxia Tianyuan has ceas...>>>
Braskem issues second September price hike on all PE grades sold in Brazil Sep 25,2017
Brazilian petrochemical producer Braskem has raised for the second time this month domestic prices on all polyethylene grades, a company source said Friday. Braskem is boosting prices on all PE sold in Brazil by about Real 150/mt (around $48/mt), effective September 18, the source said. It comes on the heels of Braskem raising PE prices by Real ...>>>
Closed Asia-Europe ABS import arbitrage supports September price hike Sep 25,2017
Europe's closed import arbitrage from Asia for acrylonitrile butadiene styrene, as well as higher feedstock costs and tight fundamentals, have supported a large hike for European ABS contract and spot prices, according to S&P Global Platts data. The ABS contract price was assessed at Eur1,850/mt ($2,216/mt) FD NWE Wednesday, up Eur110/mt from th...>>>
Middle East 2018 LPG term supply volume set to be stable on year Sep 25,2017
The 2018 LPG term supply volume from the Middle East is expected to hold stable from 2017, despite expectations of lower LPG production due to the crude oil output cut agreement among OPEC and non-OPEC members, traders said this week, as the term contract renewal negotiations kicked off. "There is no big reason why the term volumes might change ...>>>
Celanese/Mitsui methanol plant in Texas fully operational after Harvey: company Sep 25,2017
The 1.3 million mt/year Celanese/Mitsui methanol plant in Clear Lake, Texas, has successfully restarted following its shutdown August 26 amid a process trip associated with Hurricane Harvey, the company said Thursday. "Celanese has a standard practice of not commenting on the operational status of its global manufacturing facilities," spokesman ...>>>
US Commerce secretary says 232 decision on hold until after tax reform Sep 25,2017
The US Department of Commerce will not take action on its Section 232 investigation on steel imports until the administration is able to make progress on tax reform, Commerce Secretary Wilbur Ross said Friday. "On 232, the policy decision has been made to postpone that until the tax bill," Ross said in an interview on Bloomberg Television. In Ap...>>>
LME aluminum warrant cancellations rise on spreads Sep 25,2017
Cancellations of aluminum warrants listed on the London Metal Exchange have risen over the past week, with canceled warrants rising by 45% since last Friday. The rise in live warrant cancellations -- those marked for delivery out of the warehouse -- meant that as of September 22, 20% of all exchange listed stocks were canceled. On a net basis...>>>
European ferrovanadium slips, market eyes further falls Sep 25,2017
Ferrovanadium prices slipped over the week as more sellers came into the market ready to take profit. One European trader said sales for small lots had hit $48/kg a week ago and this week the latest offer was at $45/kg. "The seller said he is very biddable," the trader added. Others said they were hearing a wide range for ferrovanadium from $...>>>
Bearish October sentiment sends European T2 ethanol to six-month low Sep 25,2017
The European T2 ethanol price closed Eur8.50 lower on the week at Eur530.50/cu m Thursday, hitting a six-month low, on expectations of increased supply. Although several market participants say there is no noticeable difference in supply levels between the end of September and the first half of October, the ethanol volumes expected to come on th...>>>
German Election: Coal, carbon, coalitions in focus for power market Sep 25,2017
A range of energy issues has been debated in campaigning ahead of the German elections this Sunday, but frustratingly little detail on the key challenge facing the next administration: how to hit ambitious 2020 CO2 reduction targets. While Chancellor Angela Merkel's CDU/CSU has a strong lead in the polls, the party looks unlikely to achieve a cl...>>>
100 Spot Commodities Price Chart - 22/09/2017 Sep 25,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,20 commodities increased in prices, 34 fell and 46 remained unchanged on 22/09/2017.The largest rises were Hydrofluoric acid (9.99%),Calcium carbide (1.76%),Urea (1.46%),while the larg...>>>
China's iron ore concentrates price down 4.3%, with falling futures a factor Sep 26,2017
The Chinese domestic price of iron ore concentrates fell 4.3% or Yuan 30/dry metric ton ($4.6/dmt) on the week, following sharp declines in both domestic steel and seaborne iron ore prices and both in physical and derivatives markets, market sources said Friday. Domestic 66% Fe ore concentrate delivered to steel mills in Tangshan city in norther...>>>