Chemical News
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Gasoline imports into Washington state lag historic norms amid supply glut Aug 16,2018
Houston — Gasoline imports into Washington state over the first two weeks of August have lagged behind recent historic norms, US Customs Data compiled by S&P Global Platts Analytics showed Wednesday. Market sources attributed this to brimming gasoline stocks in the state. The customs data shows that in the first two weeks of August, Washington ...>>>
100 Spot Commodities Price Chart - 15/08/2018 Aug 16,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,33 commodities increased in prices, 24 fell and 43 remained unchanged on 15/08/2018.The largest rises were PA66 (1.89%),Methanol (1.81%),Dried cocoons (1.71%),while the largest falls w...>>>
China's aluminum demand to level off around 2023 at 46-50 mil mt: CNIA Aug 17,2018
Hong Kong — China's aluminum demand is forecast to level off in around 2023 at 46 million-50 million mt on an expected slowdown in consumption, the China Nonferrous Metals Industry Association said Thursday. CNIA forecast China's per capita aluminum consumption to peak in around six to seven years, around 2023, due to the Chinese economy moving ...>>>
South Korea data: Iranian crude imports halve to 5.78 mil barrels in Jul Aug 17,2018
Seoul — South Korea's crude oil imports from Iran halved in July from a year earlier in the wake of the reimposition of US sanctions, according to preliminary data released by the Korea Customs Service Thursday. The country imported 788,651 mt (5.78 million barrels or 186,452 b/d) of Iranian crude, including condensate, in July, down 49.5% from ...>>>
Crude oil futures edge higher on profit taking after overnight slump Aug 17,2018
Singapore — Crude oil futures edged higher during mid-morning trade in Asia Thursday amid mild profit taking after a build in US stocks triggered a more than $1.50/b fall overnight. At 10:15 am Singapore time (0215 GMT), ICE October Brent crude futures were up 42 cents/b (0.59%) from Wednesday's settle at $71.18/b, while the NYMEX September ligh...>>>
China Gas to import 10 mil mt/yr LPG over 5 years, from 2.8 mil mt/year: sources Aug 17,2018
Singapore — China Gas Holdings is expected to import around 10 million mt/year of LPG over the next five years, up from the current 2.8 million mt/year, as the Hong Kong-listed gas operator and service provider seeks to expand into the petrochemical sector, industry sources said recently. The group's LPG sales totaled about 4.030 million mt, up ...>>>
Crude oil futures steady, US and China look to resolve tensions; ICE Brent up at $70.91/b, NYMEX WTI $65.11/b Aug 17,2018
London — Crude oil futures remained steady Thursday during the European morning trading session following the release of bearish Energy Information Administration data Wednesday and news that the US and China will endeavor to resolve their trade dispute that has rocked the market over the last few weeks. At 0938 GMT, ICE October Brent crude futu...>>>
Australian premium white wheat hits new highs of $283/mt on strong demand, tight supply Aug 17,2018
Singapore — Australian premium white wheat surged to $283/mt FOB Kwinana on Thursday, up $5.50 day on the day and the highest since Platts started assessing it in November 2015. Strong domestic buying appetite coupled with tight supply of old crop has led to soaring prices both in the domestic and export market, with APW up a massive $33.50/mt o...>>>
Exxaro H1 coal export demand subdued amid strong seaborne prices Aug 17,2018
London — South African miner Exxaro experienced subdued export demand in the first half of the year as a result of high international prices, according to its earnings report released Thursday. Exxaro said the higher international coal prices have resulted in India, its "natural market," sourcing coal from Russia, the US and Australia instead. ...>>>
US natural gas storage volume rises 33 Bcf to 2.387 Tcf: EIA Aug 17,2018
New York — US natural gas in storage increased by 33 Bcf to 2.387 Tcf for the week ended August 10, the US Energy Information Administration reported Thursday. The build was slightly more than an S&P Global Platts survey of analysts call for a 30 Bcf addition. The injection was less than the 49 Bcf build reported during the corresponding week in...>>>
US net export corn sales rise 14.1% on week to within expected range 1.384 million mt Aug 17,2018
Houston — US net export sales of current crop and next crop corn totaled 1.384 million mt in the week that ended August 9, up 14.1% from 1.212 million mt in the previous week, Department of Agriculture data showed Thursday. Market expectations were for total weekly export sales of between 600,000 mt and 1.600 million mt Weekly corn export sales...>>>
US coal production falls 3% on week; third-highest total of year: EIA Aug 17,2018
Houston — Weekly US coal production totaled an estimated 15.4 million st in the week ended August 11, down 3% from the prior week and down 2% from the year-ago week, US Energy Information Administration data showed Thursday. The most recent week was the third-highest production week this year. Coal production in Wyoming and Montana, which is mo...>>>
100 Spot Commodities Price Chart - 16/08/2018 Aug 17,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,24 commodities increased in prices, 29 fell and 47 remained unchanged on 16/08/2018.The largest rises were PTA (4.18%),PET (3.17%),FULLDRAWNYARN (1.85%),while the largest falls were Zi...>>>
Sharp falls in Chinese coal futures takes wind out of market's sails Aug 20,2018
Perth/Singapore —Some heavy falls in Chinese futures prices for 5,500 kcal/kg NAR thermal coal in Friday's session have dampened expectations of a near-term recovery in spot prices for Chinese domestic and imported coal, market sources said. Demand for physical cargoes of seaborne thermal coal in China has slowed to a trickle this week, on a mix...>>>
Crude futures settle higher on possible threats to supply Aug 20,2018
New York — Crude futures settled higher Friday as the possibility of supply disruptions in Libya trumped last week's US crude build. October ICE Brent settled 40 cents higher at $71.83/b, while September NYMEX crude settled 45 cents higher at $65.91/b with concerns about global production tempered by growing US crude stocks. Protests by workers...>>>
Illiquidity, looming imports spark volatility in California ethanol Aug 20,2018
Houston — Trading interest in the California ethanol market was volatile over the last week as illiquidity prompted higher bids from buyers and looming imports forced traders to balance storage positions. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up "I'd love to say that the impo...>>>
Russian natural resources ministry admits sanctions are biting on natural gas projects Aug 20,2018
Moscow — Sanctions against Russian oil and gas industry have complicated new gas projects development in the country, especially offshore and at hard-to-extract fields, the country's natural resources ministry said in a report Friday, admitting the negative effect restrictions have had on the industry in the past years. "Sanctions against Russia...>>>
Saudi Arabia sees crude oil reserves climb marginally in 2017, as output, exports drop Aug 20,2018
London — Saudi Arabia slightly increased its crude oil and condensate reserves in 2017, as production fell from 2016 levels, state-owned Aramco said in its annual report released Friday. Total crude oil and condensate reserves reached 260.9 billion barrels, Aramco said, up from the 260.8 billion barrels that were disclosed in 2016's report. The...>>>
North Dakota oil production drops nearly 2% in June to 1.225 million b/d Aug 20,2018
Houston — North Dakota oil production dropped nearly 2% in June to 1,225,510 b/d from its all-time high set just the month before, the head of the state's oil and gas division said Thursday. The fall was caused by scaled-back well production to comply with stringent state gas flaring measures, and also by strong rain during the month. Rainy wea...>>>
European styrene backwardation narrows following Maasvlakte production issue Aug 20,2018
London — The backwardation between August and September in the European styrene market has narrowed this week following a production issue in the market. August was assessed at $19/mt above September on Thursday, narrowing significantly from $38.50/mt a week earlier as September prices climbed faster than August. No further news was available r...>>>