Chemical News
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100 Spot Commodities Price Chart - 25/06/2018 Jun 26,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,18 commodities increased in prices, 38 fell and 44 remained unchanged on 25/06/2018.The largest rises were Sulfuric acid (1.69%),Nickel (0.95%),Hydrofluoric acid (0.81%),while the larg...>>>
China's Shandong Haili eyes commercial output at new ABS plant early July Jun 27,2018
Shandong Haili Chemical Industry is expected to start commercial production at its new 200,000 mt/year acrylonitrile-butadiene-styrene plant in Weifang, in eastern China's Shandong province, early July, industry sources with knowledge of the matter said Wednesday. This will follow the completion of trial runs earlier this week, sources added. ...>>>
Brent/Dubai EFS falls to near 1-month low amid Brent volatility, stable Mideast crude demand Jun 27,2018
The Brent/Dubai Exchange of Futures for Swaps, a key indicator of ICE Brent crude futures' premium to benchmark cash Dubai crude, fell to a near one-month low of $3.23/b at the 0830 GMT close of Asian trade Tuesday. The last time the EFS was lower was on May 31, when it was assessed at $3.17/b, S&P Global Platts data showed. The recent volat...>>>
Natural gas' future in power generation put into question by 'high' regulatory risk: panelists Jun 27,2018
Regulatory risk for the US natural gas and power markets is staggering and could jeopardize future consumer, environmental and geopolitical benefits spurred by the US shale revolution, panelists at the World Gas Conference in Washington said Tuesday. Looking to the future and honing in on the role they expect natural gas to play in power generat...>>>
Canada makes bid for LNG export position amid US-China trade rift Jun 27,2018
President Donald Trump's trade war with China may be just the edge Canadian LNG export developers need as they try to woo Asian buyers and siphon market share from the US Gulf Coast. At a time when cheap and abundant US shale gas is fueling an unprecedented domestic expansion of liquefaction capacity, Chinese import demand is surging as the worl...>>>
New England power prices rise in 2017, demand drops, fuel security concerns remain Jun 27,2018
Fuel security in the New England power market remained a concern in 2017 despite power demand dropping to an 18-year low, according to ISO NE's internal market report and market monitor Potomac Economics' 2017 market assessment. New England's reliance on gas-fired power has been a topic of discussion in recent years, and the grid operator releas...>>>
Indonesian Bumi Resources sees 2018 coal output at 90 mil mt: executive Jun 27,2018
Indonesian coal miner Bumi Resources sees full-year 2018 production at about 90 million mt, mainly boosted by the ramp-up in higher grade coal output at one of its mining units, an executive at the company said Wednesday. The miner had produced 83.7 million mt of coal in 2017. Bumi Resources has a majority stake in major Indonesian coal pro...>>>
Decline in China's coastal coal freight continues in week to June 26 Jun 27,2018
Freight rates for shipping coal from northern China's Qinhuangdao port to the ports of Zhangjiagang, Shanghai and Guangzhou in the east and south continued to fall in the week to June 26, Qinhuangdao Port operator said on Tuesday. The freight rate from Qinhuangdao to Zhangjiagang in eastern China's Jiangsu province for 20,000-30,000 mt vessels s...>>>
Total, Pavilion Energy agreement advances LNG bunkering prospects in Singapore Jun 27,2018
France's Total and Singapore's Pavilion Energy, through their subsidiaries Total Marine Fuels Global Solutions and Pavilion Gas, have signed an agreement to develop the LNG bunker supply chain further in the port of Singapore, the two companies said in a joint statement Tuesday. The agreement between the companies covers the shared long-term ti...>>>
ExxonMobil nominates July paraxylene Asian contract price at $1,030/mt Jun 27,2018
ExxonMobil has nominated its July Asian paraxylene contract price at $1,030/mt CFR Asia, market sources close to the discussions said Wednesday. The spot PX CFR Taiwan/China marker was assessed at $961.67/mt Tuesday, with the average June assessment so far at $975.02/mt, S&P Global Platts data showed. The negotiations for the April, May and ...>>>
US steel capacity just beginning to see effect of tariffs: AISI CEO Jun 27,2018
It has been three months since the US began implementing a 25% tariff on steel imports under Section 232 of the Trade Expansion Act of 1962, but the US domestic market is only just beginning to see any impact, American Iron and Steel Institute CEO Tom Gibson told S&P Global Platts on Tuesday. "We're still closer to the beginning of it," Gibson s...>>>
100 Spot Commodities Price Chart - 26/06/2018 Jun 27,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,9 commodities increased in prices, 39 fell and 52 remained unchanged on 26/06/2018.The largest rises were Hydrofluoric acid (2.81%),Soybean meal (1.83%),Iron ore (1.11%),while the larg...>>>
Decline in China's coastal coal freight continues in week to June 26 Jun 28,2018
Freight rates for shipping coal from northern China's Qinhuangdao port to the ports of Zhangjiagang, Shanghai and Guangzhou in the east and south continued to fall in the week to June 26, Qinhuangdao Port operator said on Tuesday. The freight rate from Qinhuangdao to Zhangjiagang in eastern China's Jiangsu province for 20,000-30,000 mt vessels s...>>>
Asia steps up efforts to diversify from Iranian oil Jun 28,2018
Asian oil importers are stepping up efforts to diversify crude sources and Iranian oil payment mechanisms after the US announced it is pressing buyers to completely eliminate Iran imports by November 4. The US State Department confirmed Tuesday it is taking a hard line on sanctions enforcement and is working with Middle East allies to prevent an...>>>
Feature: IUK lauds new 'implicit allocation' natural gas capacity booking process Jun 28,2018
The operator of the UK-Belgium gas interconnector believes its new capacity booking process -- named "implicit allocation" -- will ensure the pipeline remains competitive, boosting its economic viability in the longer term. * Allows capacity booking at any time, outside of PRISMA auction * Capacity more likely to be 'in the money' and traded ...>>>
Germany launches 670 MW onshore wind power tender for August Jun 28,2018
Germany has launched the third onshore wind tender this year with 670 MW of subsidized contracts on offer, grid regulator BNetzA said. Third auction for onshore wind out of four this year Capped at Eur63/MWh, last auction averaged Eur57/MWh Developers can hand in bids by August 1 with a Eur63/MWh maximum bid allowed - unchanged from the prev...>>>
US coal carloads fall 3% on week: AAR Jun 28,2018
US coal carload originations totaled 83,006 for the week ended June 23, down 3% from the week prior, the Association of American Railroads said Wednesday. Overall, coal took up 14.9% of total US traffic, down just 0.4% from last week. Year-to-date coal carloads saw a 0.2% increase, but that is the smallest gain since the early May. Canadian ...>>>
Indonesian Bumi Resources sees 2018 coal output at 90 mil mt: executive Jun 28,2018
Indonesian coal miner Bumi Resources sees full-year 2018 production at about 90 million mt, mainly boosted by the ramp-up in higher grade coal output at one of its mining units, an executive at the company said Wednesday. The miner had produced 83.7 million mt of coal in 2017. Bumi Resources has a majority stake in major Indonesian coal pro...>>>
US crude oil exports hit Europe Aframax rates; VLCCs cut clean tankers demand: EA Gibson Jun 28,2018
US crude oil exports to the Mediterranean and West European countries have dragged down Aframax rates in these areas, seriously hurting the earnings of shipowners in what was earlier one of their most remunerative regions of deployment, a senior research analyst at EA Gibson Shipbrokers said Tuesday. Many research models on US crude exports are ...>>>
Japan's Idemitsu nominates Jul paraxylene Asia contract price at $1,090/mt CFR, down $30 on month Jun 28,2018
Japan's Idemitsu Kosan on Thursday nominated the July paraxylene Asia Contract Price at $1,090/mt CFR Asia, a source close to the company said, down $30/mt from its last nomination for June, which did not have a settlement. The spot PX CFR Taiwan/China marker was assessed at $983.67/mt on Wednesday, up $22/mt day on day, S&P Global Platts data s...>>>