Chemical News
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Canada's Barrick bullish on full-year gold guidance at DRC's Kibali gold mine Jul 18,2019
Canadian Barrick Gold's mining operations at the Kibali gold mine in Democratic Republic of Congo remain on track to meet its full-year 2019 production guidance, company CEO Mark Bristow said in a statement. "The Kibali gold mine remains on track at the year's halfway point to meet or beat its production forecast of 750,000 oz for 2019," Bristow...>>>
Nordic hydro stock replenishment stalls Jul 18,2019
Nordic hydro reservoir levels barely rose in week 28 to July 14, turning the previous week's surplus into a small deficit, Nord Pool data showed Wednesday. In week 27 stocks across Norway, Sweden and Finland were 1.2 percentage points ahead of long term norms. Now, at 73.6% nominal capacity, the figure is minus 0.6 percentage points below norms....>>>
ArcelorMittal Italia blast furnaces to return to production levels after union action Jul 18,2019
ArcelorMittal Italia blast furnaces are set to return to previous production levels with workers resuming work at its Taranto works mill following a crane accident last week that triggered a strike, a company spokesman told S&P Global Platts on Wednesday. Workers have decided to return to work at the blast furnaces following talks with the manag...>>>
100 Spot Commodities Price Chart - 17/07/2019 Jul 18,2019
100 Spot Commodities Price Chart - 17/07/2019>>>
Hurricane Barry's impact still being felt in USGC crude market: Platts data Jul 23,2019
The differential for Mars crude on the US Gulf Coast reached its strongest value Monday since March 14, as lost production due to Hurricane Barry, which caused many US Gulf of Mexico producers to shut-in output, created a tight prompt market for regional grades. Mars was assessed at a $7.50/b premium to cash WTI Monday, after it was last heard t...>>>
Poland's Gaz-System signs Slovakia gas link contracter deal Jul 23,2019
Poland's gas grid operator Gaz-System has signed a Zloty 521.5 million ($137.6 million) contract with a consortium led by Polish builder Budimex to construct a gas pipeline to connect the Polish and Slovak grids. Poland is expanding its cross-border gas transmission capacity to enable it to pursue its plan to become a regional gas trader once th...>>>
Power storage, grid security spur tension between state, federal regulators Jul 23,2019
State and federal regulators should keep trying to cooperate even in the face of tension over issues like electric storage and grid security, departing Federal Energy Regulatory Commission member Cheryl LaFleur said Monday. Technology and climate policy are key drivers of the convergence of state and FERC work, LaFleur said at a meeting of the N...>>>
Russian thermal coal exports fall in May for first time in 10 months Jul 23,2019
Low European-delivered thermal coal prices and high utility inventories caused May exports of Russian thermal coal to dip for the first time in 10 months, according to trading sources. Low European-delivered thermal coal prices and high utility inventories caused May exports of Russian thermal coal to dip for the first time in ten months, accord...>>>
French GTT receives order to build two new LNG tankers Jul 23,2019
French Gaztransport & Technigaz has received an orders from Korean shipyard Hyundai Heavy Industries for the design of two LNG carriers, GTT said Monday. The first vessel will have a capacity of 180,000 cu m and the second 174,000 cu m. The deliveries are scheduled between the fourth quarter of 2021 and the first quarter of 2022. The two s...>>>
USDA DATA: Wheat inspected for exports rises 24.3% on week Jul 23,2019
US wheat inspected for exports for the week ended Thursday climbed 24.3% week on week to 433,117 mt, US Department of Agriculture data showed Monday. The volume of US wheat inspected for the reporting week was marginally above the 429,297 mt inspected in the same period a year ago. US wheat inspected for exports is wheat that has been sold and ...>>>
UK seeks 'European-led' maritime protection mission in Strait of Hormuz Jul 23,2019
The UK will attempt to build a European-led force protecting free navigation in the Strait of Hormuz after last week's capture of the tanker Stena Impero by Iranian forces, Foreign Minister Jeremy Hunt said Monday. "We will now seek to put together a European-led maritime protection mission to support safe passage of both crew and cargo in this ...>>>
ArcelorMittal USA kicks off a third round of sheet price increases Jul 23,2019
ArcelorMittal USA informed its customers on Monday morning it would be raising flat-rolled steel prices, marking the third round of increases since the end of June. The steelmaker said it would be charging new minimum base prices of $630/st for hot-rolled coil and $800/st for cold-rolled and coated coil products. The price increase was effective...>>>
Heatwave to force EDF's 2.6 GW Golfech nuclear plant offline Tuesday Jul 23,2019
Both reactors at the 2.6 GW Golfech nuclear power plant in southwest France are set to come offline Tuesday night due to heat-related environmental issues, operator EDF said Monday. Golfech 2 is scheduled to ramp down to zero output by Tuesday 11 pm local time (2100 GMT), followed by Golfech 2 from Wednesday 2 am (0000 GMT). The provisional ret...>>>
100 Spot Commodities Price Chart - 22/07/2019 Jul 23,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,21 commodities increased in prices, 27 fell and 52 remained unchanged on 22/07/2019.The largest rises were Acetic acid (3.70%),Diesel (2.53%),MTBE (1.93%),while the largest falls w...>>>
Williams extends reach of natural gas network with offshore acquisition in eastern Gulf of Mexico Jul 25,2019
Williams acquired a deepwater natural gas pipeline system that connects offshore output to its Mobile Bay processing plant and provides opportunities to boost future volumes on its network through expansion, the company said Wednesday. The Tulsa, Oklahoma-based pipeline operator also said the 16-inch-diameter Norphlet gas gathering system in the...>>>
Crude oil futures rise on US stockdraw, growth concerns limit gains Jul 25,2019
Crude oil futures were higher during mid-morning trade in Asia Thursday amid a draw reported in US crude inventories last week, but an upside was limited by weak global economic and growth outlook. At 10:10 am Singapore time (0210 GMT), front-month ICE Brent September futures rose 12 cents/b (0.19%) from Wednesday's settle at $63.30/b, while the...>>>
US EIA says propylene stockpiles fall on week; lowest in 2019 Jul 25,2019
US propylene stocks fell for the fourth consecutive time to 4.085 million barrels in the week ended July 19, to the lowest level this year, according to Energy Information Administration data released Wednesday. Non-fuel use propylene stocks fell 239,000 barrels from a week earlier, though last week's stocks were still up 1.475 million barrels f...>>>
PDVSA to indefinitely halt production of upgraded synthetic Orinoco crude in August Jul 25,2019
Venezuela's state-owned oil company PDVSA plans to indefinitely halt the production of upgraded Orinoco Belt synthetic crudes in August, and instead is converting its upgraders to blending facilities for the production of Merey 16 crude, according to an internal report reviewed by S&P Global Platts Wednesday. However, as US sanctions have preven...>>>
Exelon Braidwood-1 reactor in Illinois cuts output for valve maintenance Jul 25,2019
Exelon Generation's 1,320-MW Braidwood-1 nuclear reactor in Braceville, Illinois, was operating at significantly reduced output Wednesday afternoon for maintenance, according to a company spokesman. The unit was operating at 39% of capacity early Wednesday, down from 100% of capacity early Tuesday, according to daily reactor status reports from ...>>>
Aliso Canyon withdrawal protocol revisions seek to minimize price volatility Jul 25,2019
California's somewhat lightened restrictions on pulling gas from the Aliso Canyon storage field seek to minimize price volatility in the region. Early this month, the California Public Utility Commission approved revisions to a November 2017 protocol regulating the way Aliso Canyon can be utilized. The new proposed guidelines strive to no longer...>>>