Chemical News
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Mainland overtakes Japan as Philippines’ 3rd export market Jul 11,2018
The Chinese mainland dislodged Japan as the Philippines' third export market destination in May, with the amount hitting $761.40 million or 13.2 percent of the country's total recorded export receipt, government data showed on Tuesday. Simply put, this means the Chinese mainland now ranks third among the Philippines' top 10 export markets, accor...>>>
Chinese LPG buyers reduce US-origin propane imports on trade war concerns Jul 11,2018
Singapore — Chinese buyers have reduced their imports of US propane since March in anticipation of increased tariffs and are diverting some term volumes to other buyers in Northeast Asia, US and Chinese market sources said. The reduction has been particularly evident since April/May and intensified in June/July, they said recently. "There is qu...>>>
US MX spot prices jump 11 cents Tuesday after refinery shutdown Jul 11,2018
Houston — US aromatics spot prices rose Tuesday, but it was the mixed xylene market that saw prices firm the most because of a number of key factors, specifically a recent refinery shutdown in Louisiana. Prompt July MX was assessed at 279 cents/gal FOB USG Tuesday, up 11 cents from Monday, based on a bid/offer range of 276-282 cents/gal. Followi...>>>
Justice companies to restart 3 idled coal mines in eastern Kentucky Jul 11,2018
Louisville, Kentucky — Coal companies owned by West Virginia Governor Jim Justice have announced plans to reopen three idled thermal coal surface mines in eastern Kentucky and resume production immediately. About 150 miners are being hired to staff the Bent Mountain and Beech Creek mines in Pike County and the A&G Coal No. 4 mine in neighboring ...>>>
100 Spot Commodities Price Chart - 10/07/2018 Jul 11,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,33 commodities increased in prices, 20 fell and 47 remained unchanged on 10/07/2018.The largest rises were Cobalt (3.25%),Dried cocoons (2.00%),BR (1.91%),while the largest falls were ...>>>
S. America outpaces the US in supplying soybeans to China: Sinograin Jul 12,2018
China Grain Reserves Corporation (Sinograin) has reportedly not purchased soybeans from the United States since April, and an increasing majority of its purchases of imported soy has come from countries in South America, according to People's Daily. In 2017, around 60 percent of soybeans imported by Sinograin came from South America, with 26.2 per...>>>
CS Brazil cane crush rises on dry weather, total crush estimates lowered Jul 12,2018
Houston — * Cane crush rises 7.8% versus the first half of June * H2 June ATR hits 8-year high on dry weather * Hydrous ethanol output rises 7.6% from H1 June levels A combined 45.31 million mt of sugarcane was crushed in Center-South Brazil in the second half of June, up 7.8% from the first half total, but down 5% from the year-ago period, ...>>>
Uzbekistan gives green light to nuclear power plant project Jul 12,2018
Washington — The Uzbekistan government and Rosatom have reached an agreement to build the first nuclear power plant in the country, with commercial operations targeted to start by 2028, in an effort to free up natural gas for export, Uzbek President Shavkat Mirziyoyev said in a statement posted Tuesday on his website. The nuclear power plant wou...>>>
ICE September Brent settles $5.46 lower at $73.40/b on US, China trade war worries Jul 12,2018
New York — Crude futures tumbled Wednesday, with concerns of an escalated trade war between the US and China outweighing a 12.6 million-barrel draw in US crude inventories. ICE September Brent settled $5.46 lower at $73.40/b, while NYMEX August crude settled $3.73/b lower at $70.38/b. In refined products, August NYMEX heating oil fell 12.10 cen...>>>
Range of metals products included on new US 10% tariff list for Chinese goods Jul 12,2018
London — The latest salvo in the trade dispute between the US and China, comprising proposed new 10% import tariffs by the US on $200 billion worth of Chinese goods, included a diverse array of metals and minerals among the products affected. The list, released late Thursday by US Trade Representative Robert Lighthizer, included, among others: ...>>>
Russia's Shchekinoazot to start new methanol plant in September Jul 12,2018
London — Russian methanol producer Shchekinoazot is planning to start its new plant September 7, a company spokeswoman said Wednesday. The plant has a capacity of 500,000 mt of methanol and 135,000 mt of ammonia a year, the company said on its website in May. One methanol trader said that he expects that the plant will reach full production at ...>>>
Top Chinese steelmaking city in Hebei Province set to reduce output over summer Jul 12,2018
Tangshan, China's top steelmaking city located in North China's Hebei Province, has ordered steel mills, coke producers and utilities to cut output further this summer, according to a document from the city's government, the latest step to curb smog in one of the country's most polluted areas. The move to deepen cuts in emissions will last for s...>>>
Price surge sees nickel mining industry in Australia rebound Jul 12,2018
SYDNEY, July 10 (Xinhua) -- A recent jump in the price of nickel has reinvigorated the industry in Australia with the Avebury nickel mine set to reopen on the island state of Tasmania. Mining company Dundas purchased the mine, which has been inoperative since 2009, for 18.6 million U.S. dollars in 2017, in which time the value of nickel has doub...>>>
U.S. oil inventories decrease in week ending July 6: EIA Jul 12,2018
HOUSTON, July 11 (Xinhua) -- U.S. crude oil inventories decreased in the week ending July 6, the U.S. Energy Information Administration (EIA) said in a report on Wednesday. According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 12.6 million barrels ...>>>
Japan's core private-sector machinery orders drop 3.7 pct in May Jul 12,2018
TOKYO, July 11 (Xinhua) -- Japan's core private-sector machinery orders dropped in May from a month earlier, the government said in a report on Wednesday. According to the Cabinet Office, the orders declined 3.7 percent in May from a month earlier. Excluding those for ships and utilities because of their volatility, the orders totaled 907.9 b...>>>
100 Spot Commodities Price Chart - 11/07/2018 Jul 12,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,16 commodities increased in prices, 29 fell and 55 remained unchanged on 11/07/2018.The largest rises were Dried cocoons (1.63%),Propylene oxide (0.96%),DME(0.63%),while the largest fa...>>>
Oil edges lower, set for big weekly decline Jul 13,2018
TOKYO (Reuters) - Oil prices edged lower on Friday and were set for a second weekly fall, as the market shrugged off a warning that spare capacity may be stretched as OPEC and Russia increase production. Brent crude LCOc1 eased 20 cents, or 0.3 percent, to $74.25 by 0059 GMT. On Thursday it gained $1.05 a barrel, rebounding from a session low of...>>>
China chemical plant blast kills 19, injures 12 Jul 13,2018
SHANGHAI/BEIJING (Reuters) - An explosion at a chemical plant in China has killed 19 people and injured 12, authorities said on Friday, the latest deadly industrial incident in the world’s largest producer of chemicals. It comes amid a drive to strengthen industrial safety, with China ramping up checks over the last year, in the wake of some hig...>>>
Japan June exports seen still solid, core inflation to tick up: Reuters poll Jul 13,2018
TOKYO (Reuters) - Japan is expected to report a third month of solid export growth in June, thanks to global demand for semiconductors and electronic parts, a Reuters poll showed, supporting views the economy is recovering from a first-quarter contraction. Both exports and imports, however, likely grew at a somewhat softer rate. Exports likel...>>>
China's June crude imports at six-month low as 'teapot' buying slows; gas imports strong Jul 13,2018
BEIJING (Reuters) - China’s crude oil imports fell for a second month in a row in June to the lowest since December, as shrinking margins and volatile oil prices led some independent refiners, known as “teapots”, to scale back purchases. June shipments came in at 34.35 million tonnes, or 8.36 million barrels per day (bpd), according to data from...>>>