Chemical News
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Brazil, US talks continue on steel, aluminum tariff exemptions: Temer Jun 28,2018
Brazil and the US are continuing with negotiations on exemptions from import tariffs for the South American company's steel and aluminum output, President Michel Temer said after meeting with the US Vice President Mike Pence. According to Temer, the countries have strong economic ties, with bilateral trade of $51 billion in 2017. "Mike Pence...>>>
US EPA proposes biofuel mandate at 19.88 billion gallons for 2019 Jun 28,2018
US refiners would be required to blend 19.88 billion gallons of biofuel into gasoline and diesel supplies in 2019, up 3% from this year, under new volume mandates the Environmental Protection Agency proposed Tuesday. Renewable fuel would make up 10.88% of US transportation fuel supply next year, if the proposed volumes are approved. The 2019 ...>>>
100 Spot Commodities Price Chart - 27/06/2018 Jun 28,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,16 commodities increased in prices, 31 fell and 53 remained unchanged on 27/06/2018.The largest rises were Soybean meal (1.63%),Lead ingot (1.43%),Zinc (1.19%),while the largest falls ...>>>
Taiwan's port bureau to lift 17-year ban on ships refueling outside Kaohsiung: report Jun 29,2018
Taiwan's Maritime and Port Bureau is to lift a 17-year ban on ships refueling outside Kaohsiung's harbor in hopes of increasing its share of the bunkering market, Taiwanese media reported this week. Kaohsiung port is located along regional Asian shipping routes as well as ocean-going routes to markets like the US. Re-opening the market for refu...>>>
Japan data: May Iran oil imports surge 31.5% on year to 211,097 b/d Jun 29,2018
Japan's Iranian oil imports surged to the highest level in 14 months in May, when the country imported an average of 211,097 b/d, up 31.5% year on year, preliminary data from the Ministry of Economy, Trade and Industry Friday showed. Imports of Iranian oil in May had jumped on the back of a last-minute rise in demand ahead of the anticipated US...>>>
NYMEX August gas settles at $2.94/MMBtu, down 4.1 cents on weak build Jun 29,2018
NYMEX August natural gas futures slid on its debut as the front-month contract Thursday, settling at $2.94/MMBtu, down 4.1 cents, despite a low 66-Bcf build to storage stocks that the Energy Information Administration posted earlier Thursday. The front-month contract was trading in the range of $2.93/MMBtu-$3.021/MMBtu so far in the session. The...>>>
In surprising move, Powelson to step down from US Federal Energy Regulatory Commission Jun 29,2018
With less than a year under his belt, Robert Powelson said Thursday he would step down from the US Federal Energy Regulatory Commission in mid-August to take the helm at the National Association of Water Companies. His tenure would be the shortest in the history of FERC. "I express my gratitude to President Trump for nominating me and to the mem...>>>
Solar power breaks UK's new records for full-week generation Jun 29,2018
As the UK basks in the sun this June, solar PV has generated 533 GWh of electricity during the past seven days, hitting a new record for a full week's generation, according to data from Sheffield University and the National Grid Thursday. "During the past week, solar PV generated 533 GWh of electricity. This is a new record for a full week's gen...>>>
Singapore Jul ex-wharf 380 CST bunker fuel term inked at MOPS plus $5-$6.50/mt Jun 29,2018
Singapore ex-wharf 380 CST bunker fuel term contracts for July were inked at premiums of $5-$6.50/mt over the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, while latest offers have now risen to $6.50-$7.50/mt, trade sources said this week. Discussion levels were higher than June terms inked at plus $3-$4/mt, owing to suppor...>>>
Pemex says May olefins output highest in 19 months due to additional feedstock Jun 29,2018
State-owned Pemex registered its highest olefins production total in 19 months as it took advantage of additional feedstock to increase capacity utilization rates at its petrochemical plants, data released Thursday by the Mexican company show. Overall, Pemex produced a combined 62,445 mt of ethylene, propylene and crude butadiene in May, up 13,5...>>>
China Prosperity No. 2 purified terephthalic acid plant to shut Thursday for maintenance Jun 29,2018
China Prosperity Jiangyin Petrochemical, also known as Hanbang Petrochemical, will shut its No 2 purified terephthalic acid plant Thursday evening for 15 days of planned maintenance, a company source said Thursday afternoon. Meanwhile, its No 1 600,000 mt/year PTA plant is expected to restart soon, after shutting down unexpectedly due to a mecha...>>>
China's Fujian Jinjiang Petrochemical eyes commercial output at new CPL plant in August Jun 29,2018
China's Fujian Jinjiang Petrochemical is expected to start commercial production at its new 200,000 mt/year caprolactam plant in Putian, in eastern China's Fujian province, by August, after major construction work was completed earlier this week, industry sources with knowledge of the matter said Thursday. Fujian Jinjiang Petrochemical was unava...>>>
Mexican sugar production at 1,483 mt, down 89.7% on week Jun 29,2018
Mexico produced 1,483 mt of sugar in the week that ended June 23, down 89.7% from the 14,523 mt produced the previous week and down 79.4% from the 7,199 mt produced in the same week in the 2016-17 season, data from Mexico's Secretariat of Agriculture (SAGARPA) showed. The amount of cane crushed also fell significantly, with 34,066 mt of cane cru...>>>
100 Spot Commodities Price Chart - 28/06/2018 Jun 29,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,22 commodities increased in prices, 23 fell and 55 remained unchanged on 28/06/2018.The largest rises were Aniline (4.73%),Hydrofluoric acid (3.67%),Lead ingot (3.03%),while the larges...>>>
Japan's May ethanol imports rise 12% on month to 70,313 cu m Jul 02,2018
Singapore — Japan's total ethanol imports rose 11.99% month on month to 70,313 cu min May, data released Monday by the Trade Statistics of Japan showed. Ethanol imports in May were, however, 1.77% or 1,267 cu m lower year onyear. The import volume of undenatured ethanol fell 7.01% month on month to58,384 cu m in May. Pakistan was the biggest...>>>
Queue at Australian PWCS coal terminals falls on week to 18 vessels Jul 02,2018
Singapore — Port Waratah Coal Services' two terminals at Newcastle port in easternAustralia had 18 ships waiting offshore Sunday, compared with 23 a week ago,the Hunter Valley Coal Chain Coordinator said in its weekly report, Monday. The queue was expected to be fewer than five at end-July, HVCCCsaid. A total of 2.4 million mt of coal was shippe...>>>
Oil futures trading lower as Trump renews pressure on OPEC to act Jul 02,2018
New York — Oil futures were lower Monday in early morning trade in Asia afterPresident Donald Trump spent part of the weekend urging OPEC members toincrease oil production to offset losses from Iran. ICE September Brent was 75 cents lower at $78.48/b at 0017 GMT. NYMEXAugust crude was 66 cents lower at $73.49/b. NYMEX August ULSD was 1.91 centsl...>>>
Saudi-Kuwait neutral zone's Khafji oil field to be restarted in 2019: Toyo Jul 02,2018
Tokyo — The Khafji oil field in the Partitioned Neutral Zone shared by SaudiArabia and Kuwait is being prepared to restart production in 2019, Japan'sToyo Engineering said Monday. Toyo has agreed to a third renewal of its general engineering servicesagreement, originally signed in 2002, with Al-Khafji Joint Operations,operator of the Khafji and ...>>>
Rio Tinto starts actively selling RTX iron ore fines to China Jul 02,2018
Singapore — Rio Tinto has started actively selling a new medium grade of Australian iron ore fines, RTX fines, with Chinese traders and steel mills picking up the cargoes, industry sources said late last week. A total of around five Capesize cargoes loading in July and August are expected to arrive at Chinese ports, according to the sources. RT...>>>
Asian petrochemicals outlook, w/c Jul 2 Jul 02,2018
Singapore — Asia's petrochemical market will be largely driven by demand and supplyfundamentals this week, with extra length in paraxylene and weak demand forbenzene weighing down the markets, while tight supply would underpin butadieneand polyethylene. Market participants would also continue to watch for signsof China's planned levying of addition...>>>