Chemical News
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Govt clarifies no extra measures slapped on soybeans from US Jul 13,2018
China has never carried out extra inspection and quarantine practices on imported soybeans from the United States, said the General Administration of Customs on Friday. GAC spokesman Huang Songping said the customs authority has supervised all import goods in accordance with the law. As China and the US are having trade frictions and this may...>>>
S.Korea's import prices keep rising for 6 months on expensive crude oil Jul 13,2018
SEOUL, July 13 (Xinhua) -- Prices for imported goods to South Korea kept rising for six straight months on expensive crude oil, central bank data showed Friday. The import price index stood at 88.26 in June, up 1.3 percent from a month earlier, according to the Bank of Korea (BOK). The import prices gained for the first six months of this yea...>>>
NPO: Japan's plutonium stock raises concern in US Jul 13,2018
Japanese groups say the US Congress and government officials are expressing concern about Japan's plutonium stockpile. A non-profit organization, the New Diplomacy Initiative, and another group jointly reported the outcome of meetings with members of Congress and US officials at an event in Tokyo on Thursday. The meetings were held 3 times throu...>>>
S Korea's Hanwha Total to raise olefins production capacity by Q2 2019 Jul 13,2018
Singapore — South Korea's Hanwha Total Petrochemical plans to complete expansion of its Daesan petrochemical complex by the end of the second quarter in 2019, a company spokesman said Friday. The plan involves installing a LPG-cracking unit to the naphtha-fed steam cracker, enabling it to raise olefins production capacity to 1.4 million mt/year ...>>>
India's Essar Vizag starts up newly expanded iron ore handling complex Jul 13,2018
Singapore — India's Essar Vizag Terminal said Thursday that it has started operating its expanded 24 million mt/year mechanized iron ore handling complex at Vizag Port in Andhra Pradesh. Work on nearly doubling the complex's former handling capacity of 12.5 million mt/year was completed on May 31. "With its state-of-the-art cargo handling equip...>>>
China's Jun steel exports rise 1% on month, 2% on year to 6.94 mil mt Jul 13,2018
Singapore — China's finished steel exports rose for the fifth straight month to 6.944 million mt, inching up 0.89% month on month and by 1.97% year on year, preliminary data released by the General Administration of Customs showed Friday. Exports in June were also the highest since August 2017. Over January-June, China's steel exports fell 13.2...>>>
100 Spot Commodities Price Chart - 12/07/2018 Jul 13,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,23 commodities increased in prices, 17 fell and 60 remained unchanged on 12/07/2018.The largest rises were Nickel (2.98%),Styrene (1.21%),Aluminum (1.17%),while the largest falls were ...>>>
China exports to US ports peak early amid tariff threat Jul 16,2018
Chinese imports at US ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc and Amazon.com face uncertainty due to US President Donald Trump's threat to impo...>>>
Chicago soybean futures plunge over 6 pct weekly amid renewed trade frictions Jul 16,2018
Chicago Board of Trade (CBOT) agricultural commodities closed sharply lower over the trading week which ended July 13, with soybean futures plunging over 6 percent as investors turned to technical selling amid renewed China-US trade frictions. The most active corn contract for December delivery fell 18.25 cents weekly, or 4.89 percent, to 3.547...>>>
Oil prices post sharp losses this week mainly due to output status from Libya Jul 16,2018
Oil market has been closely watching the trade dispute between the United States and China, the extent of the potential sanctions on Iran and the supply status of Libya for the week ending July 13. Especially, the market weighed concerns over resurgent Libyan supply. Oil prices fell sharply on Wednesday on news that Libya was suddenly set to res...>>>
U.S. drilling rigs increase despite sharp drop of oil prices this week Jul 16,2018
HOUSTON, July 14 (Xinhua) -- The number of active drilling rigs in the United States increased by two this week to 1,054, or 102 more than that this time last year, showed weekly data collected by Baker Hughes released Friday. Meanwhile, oil prices rallied on Friday, but posted sharp losses for the week. The Houston-based oilfield services compan...>>>
More powerful electric drive system produced for shale gas exploitation Jul 16,2018
BEIJING, July 15 (Xinhua)-- A more powerful electric drive system for shale gas fracturing pumps has come off the production line, according to the website of Science and Technology Daily on Saturday. The domestically-produced system has reached a maximum power of 5,500 horsepower, said its developer CRRC Yongji Electric Co., Ltd. It is equipped w...>>>
Census says Bulgaria sends first oil cargo to US since October 2015 Jul 16,2018
Houston — A cargo of 110,000 barrels of feedstocks from Lukoil's refinery in Bulgaria marked the first US import from that country of any kind of petroleum in more than 2.5 years, US Census data showed Friday. The Minerva Grace from the Lukoil refinery at Burgas, Bulgaria, arrived Thursday at Philadelphia with VGO at at unspecified sulfur level ...>>>
Permian seen as land of opportunity for US gas midstream sector as Q2 earnings season nears Jul 16,2018
Houston — Midstream operators are preparing to release financial results for the second quarter as a flurry of oil drilling activity in the Permian Basin creates the need for more pipelines to move associated gas production. The industry dynamics reflect a focus on Texas as a land of opportunity following an infrastructure build-out in the US No...>>>
US FERC approves Dominion acquisition of Scana, SCE&G Jul 16,2018
Washington — The US Federal Energy Regulatory Commission approved Dominion's proposed acquisition of Scana, the parent company of South Carolina Electric & Gas. The approval is a "significant milestone" in the deal, Dominion and Scana said in a joint statement Friday. The acquisition has been driven by the financial uncertainty surrounding SCE&...>>>
100 Spot Commodities Price Chart - 13/07/2018 Jul 16,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,29 commodities increased in prices, 17 fell and 54 remained unchanged on 13/07/2018.The largest rises were BR (2.21%),Cobalt (1.96%),SBR (1.38%),while the largest falls were Acetic aci...>>>
Crude oil production fell 2.3% in June Jul 17,2018
China's crude oil output fell 2.3 percent year-on-year in June, data from the National Bureau of Statistics (NBS) showed on Monday. Crude oil output came in at 15.85 million tons last month, and 49.78 million tons of crude were refined, up 8 percent year-on-year. China is one of the world's largest oil buyers, with over 60 percent of its oil ...>>>
China sets record daily steel output for 3rd month Jul 17,2018
China's steel mills churned out record amounts of the construction material in June as producers rushed to cash in on hefty margins, even as the trade spat between China and the US intensified. China, which accounts for half of the world's capacity, produced 80.2 million tons of crude steel last month, National Bureau of Statistics data showed o...>>>
US hits back at 5 WTO members over metal tariffs Jul 17,2018
The US has hit back at 5 members of the World Trade Organization for retaliating against Washington's import tariffs on steel and aluminum. China, the European Union, Canada, Mexico and Turkey have all responded to the US levies with tariffs of their own on American products. The Office of the US Trade Representative said on Monday that such ...>>>
Asia stocks sag on oil's slide, dollar dips before Fed testimony Jul 17,2018
TOKYO (Reuters) - Asian stocks were mostly lower on Tuesday, with a sharp decline in crude oil prices weighing on energy shares, while the dollar dipped ahead of Federal Reserve Chairman Jerome Powell’s first U.S. congressional testimony. Spreadbetters expected European stocks to open slightly higher, with Britain’s FTSE, Germany’s DAX and Franc...>>>