Chemical News
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Ohio shale gas production spikes as driller Ascent pushes expansion Sep 07,2018
Utica Shale gas from three counties and five producers led Ohio's 50% year-on-year increase in production to 6.4 Bcf/d in the second quarter. The three counties -- Jefferson, Monroe and Belmont -- all directly across the Ohio River from West Virginia, accounted for 75% of the total second-quarter production reported to the Ohio Department of Nat...>>>
US natural gas storage volume rises 63 Bcf to 2.568 Tcf: EIA Sep 07,2018
Denver CO — US natural gas in storage increased by 63 Bcf to 2.568 Tcf for the week ended August 31, Energy Information Administration data showed Thursday. The build was slightly more than an S&P Global Platts' survey of analysts calling for a 60-Bcf addition. The injection was more than the 60-Bcf build reported during the corresponding week ...>>>
European cracker margins near three-month low on high naphtha flat prices Sep 07,2018
London — European petrochemical spot cracker margins have been holding around a three-month low after a recent strengthening in outright values of naphtha and falling spot prices for ethylene, the bellwether of the plastics industry. Cracking margins rose to $520.62/mt Wednesday, up $23.22/mt from Tuesday when it was at its lowest point since Ma...>>>
Refinery news roundup: Shipments halted in Japan on strong typhoon Sep 07,2018
London — In the Asia-Pacific region, spring and summer maintenance in Japan had finished but autumn works were starting. Over the past few weeks, storms have affected refinery loadings in Japan. This week, shipments from Japanese refineries are likely to be disrupted on the approach of a strong typhoon Jebi. Japan's Cosmo Oil on Tuesday halted w...>>>
100 Spot Commodities Price Chart - 06/09/2018 Sep 07,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,28 commodities increased in prices, 17 fell and 55 remained unchanged on 06/09/2018.The largest rises were DME(1.62%),Methanol (1.42%),Cement (1.05%),while the largest falls were Anili...>>>
China electrolytic manganese metal export prices rangebound amid mixed sentiment Sep 10,2018
Singapore — Spot export prices of Chinese electrolytic manganese metal were rangebound this week, with the market eying upcoming tenders for a sense of direction. The S&P Global Platts weekly 99.7% manganese metal assessment remained unchanged at $2,520-$2,580/mt FOB basis. Export offer prices were heard at $2,560-$2,600/mt FOB basis this week,...>>>
Japanese shipbuilders cut fiscal 2018-19 steel demand forecast on lower orders Sep 10,2018
Tokyo — The Shipbuilders Association of Japan has reduced its steel demand forecast for the 2018-19 fiscal year (April-March) due to a slump in new building orders. The association now says its members will require 3.11 million mt of ordinary carbon steel in fiscal 2018-19, down 3% year on year and 6.8% less than it forecast in April. SAJ compi...>>>
Australian Gladstone port's Aug coal exports hit 4-month low at 5.35 mil mt Sep 10,2018
Sydney — Coal exports from Gladstone port in Australia's Queensland state hit a four-month low in August as volumes to key destinations Japan and India fell while to South Korea remained strong, Gladstone Ports Corporation data showed Thursday. A total 5.35 million mt of mostly metallurgical coal was shipped from Gladstone in the month, down 10%...>>>
Alcoa workers vote against EBA, continue strike in Western Australia Sep 10,2018
Sydney — Unionized Alcoa workers in Western Australia have voted against the company's proposed Enterprise Bargaining Agreement presented in August, and will continue industrial action as a result, Alcoa and the Australian Workers' Union said Friday in separate statements. The strike began August 8 after negotiations broke down over job security...>>>
China's Iranian crude imports seen to have peaked at 874,000 b/d in Aug Sep 10,2018
Singapore — China's crude imports from Iran are likely to have peaked in August at 874,000 b/d ahead of the looming re-imposition of US sanctions in November, according to S&P Global Platts' trade tracker cFlow. The last record high was in April 2014, at 803,000 b/d, data from China's General Administration Customs showed. The imports in August...>>>
Crude stable on mixed US inventory data, Iran sanctions Sep 10,2018
Singapore — Crude oil futures were largely stable during mid-morning trade in Asia Friday amid mixed US inventory data and as Iranian supply issues continued to dominate market attention. At 10:20 am Singapore time (0220 GMT), ICE November Brent crude futures were up 3 cents/b (0.04%) from Thursday's settle at $76.53/b, while the NYMEX October l...>>>
Queensland LNG exports hit 7-month high in August at 1.76 mil mt Sep 10,2018
Singapore — LNG exports from Gladstone port in the eastern Australian state of Queensland hit a seven-month high in August, with strong volumes recorded to the key destinations of China and South Korea, data from Gladstone Ports Corporation showed Thursday. A total 1.76 million mt of LNG was shipped in August from the port - where all three of A...>>>
Turkey imposes limit on exports of flour produced from domestic grain Sep 10,2018
Istanbul — Turkey's trade ministry said Thursday that due to recent fluctuations in domestic flour prices it has introduced a regulation limiting exports of flour produced from grain grown domestically, outside of the "Inward Processing Regime" (DIR) duty exemption mechanism, to 1% of total exports. The ministry said the move was designed to sta...>>>
August thermal coal futures up 6.4% on month at 114 mil mt Sep 10,2018
London — The volume of thermal coal derivatives traded and cleared on the ICE platform came to 114 million mt, a rise of 6.4% on month and 10.4% on year, according to data from ICE Futures Europe and electronic trading platform globalCOAL late Thursday. Options made up 19.7% of the total volume of derivatives traded in August at 22.43 million mt...>>>
EU carbon dioxide allowance prices surge above Eur23.00/mt, 10-year high Sep 10,2018
Carbon dioxide allowance prices under the EU Emissions Trading System surged above Eur23.00/mt ($26.76/mt) Friday, amid bullish moves in the wider energy markets, including stronger natural gas prices. Intra-day high of Eur23.35/mt, up 8.8% from Thursday's close Carbon supported by bullish energy markets EU Allowance futures contracts for De...>>>
100 Spot Commodities Price Chart - 07/09/2018 Sep 10,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,39 commodities increased in prices, 14 fell and 47 remained unchanged on 07/09/2018.The largest rises were Polysilicon (6.25%),Coke (2.53%),Acetic acid (1.58%),while the largest falls ...>>>
Japan's NSSMC to raise stainless seamless pipe prices by 10% from Oct Sep 11,2018
Tokyo — Japan's largest integrated mill, Nippon Steel & Sumitomo Metal Corporation will raise its seamless stainless pipe contract prices for both domestic and export by 10% from October, an NSSMC spokeswoman said Monday. It last raised prices by 10% for April contracts. Demand for seamless stainless pipes has been strong for power generation, o...>>>
Crude oil futures higher on lower US rig count, Iran tension Sep 11,2018
Singapore — Crude oil futures were higher during mid-morning trade in Asia Monday amid higher US oil rig count data and continuing focus on looming US sanctions on Iranian crude. At 10:35 am Singapore time (0235 GMT), ICE November Brent crude futures were up 45 cents/b (0.59%) from Friday's settle at $77.28/b, while the NYMEX October light sweet...>>>
Malaysia's fuel oil, gasoil, naphtha output falls on year in July Sep 11,2018
Hanoi — Malaysia's production of fuel oil, gasoil and naphtha fell year on year in July, while output of gasoline, kerosene, LPG and LNG rose, data from the Department of Statistics showed Friday. Fuel oil led the fall, with output decreasing by nearly 18% from the year-ago month to 213,644 mt in July, followed by naphtha which declined 2.7%, wh...>>>
South Korea's FTC fines six steelmakers for rebar price rigging Sep 11,2018
Singapore — South Korea's Fair Trade Commission slapped six domestic steel companies with fines totaling Won 119.4 billion ($105.7 million) for falsification of rebar prices, the commission said Sunday. The companies -- Hyundai Steel, Dongkuk Steel Mill, Korea Iron & Steel, Daehan Steel, Hwanyoung Steel and YK Steel -- rigged prices between May ...>>>