Chemical News
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Uranium production, exploration decline as price has fallen: IAEA Dec 14,2018
Uranium production and exploration have declined as the price of the material has languished, and while sufficient resources are available to meet expected increases in demand, stronger market conditions are needed to ensure timely supply in the future, the International Atomic Energy and the OECD?s Nuclear Energy Agency said Thursday in a report. ...>>>
US tariffs on imports of panels slows solar installations: report Dec 14,2018
The installation of US utility-scale, residential and non-residential solar in Q3 2018 was "held back" by the 30% tariff on imported solar panels imposed by the Trump administration in mid-January, a report released by the Solar Energy Industries Association and Wood Mackenzie said on Thursday. The report said that in Q3 2018, solar installations t...>>>
End-user confidence drives seaborne iron ore prices higher Dec 14,2018
Seaborne prices continued to strengthen Thursday on stronger end-user confidence in steel margins. S&P Global Platts assessed the 62% Fe Iron Ore Index at $68.20/dry mt CFR North China Thursday, up $1.05/dmt from Wednesday. The front-month January TSI swap was up $1.45/dmt from Wednesday at $66.50/dmt. Recovering steel prices supported demand f...>>>
South Korean bunker premiums under pressure on weak demand Dec 14,2018
South Korean bunker suppliers are saddled with high inventories that are weighing down on premiums in what is usually a peak demand season for the regional fuel oil market. Traders said supplies in the local market has been building up over the past month in anticipation of a surge in demand in December. However, with marine fuel demand still re...>>>
Japan bunker premium hits lowest in 4 1/2 months on low demand Dec 14,2018
A fall in demand even as increased supply from one refiner dragged down the premium for Tokyo Bay-delivered 380 CST bunker fuel to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments by $5.48/mt week on week to hit a 4 1/2-month low of $28.76/mt on Wednesday. It was last lower at $21.71/mt on August 1, S&P Global Platts data showe...>>>
Asia fuel oil cracks slip back into negative territory on easing supply concerns Dec 14,2018
The front-month January Singapore 380 CST HSFO swap crack against Dubai swaps slipped back into negative territory post touching record highs late last month amid easing signs of supply tightness in the market. The sharp correction in fuel oil cracks is bearish for medium-heavy sour Middle Eastern grades that have benefited from the strength in ...>>>
Front month Singapore gasoil timespread hits 12-month low on bearish fundamentals Dec 14,2018
Persistent bearishness in the Asian gasoil market amid a supply overhang and lackluster demand has pushed the front-month January/February Singapore gasoil timespread to a 12-month low, industry sources said Thursday. At the Asian close Wednesday, the front-month January/February gasoil timespread remained in contango at minus 70 cents/b, down 8...>>>
100 Spot Commodities Price Chart - 12/12/2018 Dec 14,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,15 commodities increased in prices, 29 fell and 56 remained unchanged on 12/12/2018.The largest rises were Fuel Oil (0.99%),Bromine (0.62%),Raw silk (0.61%),while the largest falls wer...>>>
China's Nov crude steel output falls 6% on month to 77.62 mil mt, rises 11% on year Dec 17,2018
China's crude steel output in November fell 6% from October to 77.62 million mt, but rose 10.8% on the year, data released by the National Bureau of Statistics on Friday showed. The annual growth rate was also up from 9.1% in October. The drop in November's crude steel production was a result of winter output cuts, which started on November 15 i...>>>
Crude oil futures fall in Asia trade after overnight rally Dec 17,2018
Crude oil futures were lower during mid-morning trade in Asia Friday after an overnight rally amid mild profit-taking. At 10:50 am Singapore time (0250 GMT), February ICE Brent crude futures were down 45 cents/b (0.73%) from Thursday's settle at $61/b, while the NYMEX January light sweet crude contract was 22 cents/b (0.42%) lower at $52.36/b ...>>>
China's Nov crude throughput rises 3% on year to 12.33 mil b/d Dec 17,2018
China's refinery crude throughput rose 2.9% year on year to 50.46 million mt, or an average 12.33 million b/d, in November, preliminary data released by the National Bureau of Statistics on Friday showed. The November crude throughput was, however, down 1.2% from October, the second consecutive month-on-month decline after hitting a record high ...>>>
India's Nov vegoil imports fall 9% on month on talk of looming cut in duties Dec 17,2018
India's imports of vegetable oils fell 9% month on month to 1.13 million mt in November, and were also down 9% year on year, data released Thursday by the Solvent Extractors Association of India showed. The decline was attributed in the report to anticipation in India's vegoil industry that the government could reduce import duties on Malaysian ...>>>
Japanese steelmaker settles pulverized coal injection contract for Oct-Dec Dec 17,2018
A major Japanese steelmaker settled its October-December contracts for Australia Low Vol pulverized coal injection (PCI) Foxleigh at $145/mt FOB Australia, up $8/mt from its July-September settlement, market sources said Friday. Foxleigh PCI, whose specification include 12%-14% volatile matter and 9%-10% ash, is considered a benchmark brand. No ...>>>
Thermal coal stockpiles at Indian power plants rise to 14.6 mil mt: CEA Dec 17,2018
Thermal coal stockpiles at Indian power stations rose to 14.6 million mt in the week to Wednesday, a gain of 6% week on week and up 18.5% year on year, according to data published Friday by the Central Electricity Authority. This was also the highest volume since September 9 when stocks were 14.69 million mt. Stockpiles were enough to cover nin...>>>
Asian isomer-mixed xylene 2019 term contract differentials $3/mt higher from 2018 levels: sources Dec 17,2018
Term contract negotiations for Asian isomer-grade mixed xylene for 2019 have concluded in favour of producers at differentials which are $3/mt higher compared with those inked for 2018 contracts, producers, traders and end-users confirmed Friday. The discount for 2019 CFR Taiwan term cargoes shrunk by $3/mt to $9/mt, while FOB Korea cargoes were...>>>
EU CO2 price hits three-month high ahead of year-end auction pause Dec 17,2018
EU carbon dioxide allowances rallied to a three-month high Friday, ahead of the December 2018 contract's expiry on Monday and with only one carbon auction left this year before a three-week break in primary supply. EUA futures for December 2018 delivery on the ICE Futures Europe exchange hit Eur23.82/mt ($26.9/mt), which was the highest intraday...>>>
November thermal coal derivatives up 39% on-month to 102.76 mil mt: LEBA Dec 17,2018
The volume of thermal coal derivatives traded and cleared in November rose 39% on-month to 102.76 million mt, also a gain of 9% from the year-ago period, according to data released Friday from the London Energy Brokers Association (LEBA). The year-to-date volume stood at 800.46 million mt, a drop of 36% from the year-ago-period. The volume of E...>>>
Private exporters sell 125,000 mt of US corn to Japan in a single day: USDA Dec 17,2018
Private exporters on Thursday reported selling 125,000 mt of US corn in a single day for delivery to Japan during the 2018-19 marketing year, which runs from September 1 to August, 31, 2019, the US Department of Agriculture said Friday. Japan was the second largest buyer of US corn during the 2017-18 marketing year, buying 11.991 million mt, acc...>>>
100 Spot Commodities Price Chart - 14/12/2018 Dec 17,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,24 commodities increased in prices, 22 fell and 54 remained unchanged on 14/12/2018.The largest rises were Styrene (3.46%),Polyester FDY (2.31%),Polyester POY (2.20%),while the largest...>>>
China's domestic iron ore concs price up 5% on week on higher demand Dec 18,2018
The domestic concentrates market went up 5% or Yuan 35/dry mt last week on stronger demand as steel producers were using more domestic concentrates due to sintering controls to fight pollution from industrial plants amid narrowing steel margins. S&P Global Platts assessed the 66% Fe domestic concentrate at Yuan 740/dmt ($88.7/dmt) delivered to s...>>>