Chemical News
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Traded oil futures on TOCOM fall 15% on month in Oct, slide 57% on year Nov 05,2019
Traded oil futures on the Tokyo Commodity Exchange fell 15.06% month on month to 227,986 trades in October, and were down 57.53% year on year, TOCOM data released Monday showed. Traded Dubai crude oil contracts fell 17.09% month on month to 199,051 trades in October, and were down 53.62% year on year, the data showed. The number of kerosene c...>>>
Singapore Oct oil product swap trades jump 97% on month on IMO 2020, Saudi concerns Nov 06,2019
The total volume of Singapore refined oil product swap trades during the Platts Market on Close assessment process in October surged 97.23% month on month to 41.99 million barrels, S&P Global Platts data showed Wednesday. The uptick was led by a spike in middle distillate swap trades, which market sources attributed to increased trade ahead of t...>>>
Crude futures dip on US stock build, US-China trade talk concerns Nov 06,2019
Crude oil futures were lower in mid-morning trade in Asia Wednesday, retracting from the highest settle in a more than a month, on the back of a larger-than-expected build in US crude inventory data and concerns over the progress of US-China trade talks. At 10:30 am Singapore time (0230 GMT), ICE January Brent crude futures were down 34 cents/b ...>>>
FERC nominee guarded under Senate questioning on coal supports, gas reviews Nov 06,2019
James Danly, the nominee to fill an open Republican seat on the US Federal Energy Regulatory Commission, steered a cautious route Tuesday, as he was asked by senators to weigh in on contentious debates at FERC about wholesale power markets and gas infrastructure reviews. Danly, who is currently general counsel at FERC, told lawmakers on the Sena...>>>
Consol Energy Q3 coal production hits new high: company Nov 06,2019
Consol Energy's coal production volumes hit a record of 6.5 million st for the third quarter, up from 6.4 million st in the year-ago quarter, despite a roof fall, equipment breakdowns and geological-related issues, the company said Tuesday. The Canonsburg, Pennsylvania-based company said in its quarterly earnings statement that its three mines -...>>>
Bolivian mine workers call general strike as production could slow Nov 06,2019
Mine workers in Bolivia called a general strike Tuesday as the political crisis following last month's disputed national elections intensified, threatening to cut production in the nation, which is a major producer of several base and precious metals. Leaders of the National Federation of Mineworkers will hold the strike in support of President ...>>>
Brazil's mature oil, gas fields hold potential, but reforms still needed: officials Nov 06,2019
Brazil could dramatically boost oil and natural gas output from mature fields over the next decade, but additional regulatory measures are needed to make the areas attractive to new players as major oil companies shift their focus to development of the country's massive subsalt play, industry officials said last week at the Brasil Offshore Technolo...>>>
Brazil's October ferrous scrap exports jump 127.7% on year to reach 71,620 mt: ministry Nov 06,2019
Brazilian ferrous scrap exports jumped 127.7% year on year to 71,620 mt in October, Ministry of Economy data showed Tuesday. October exports, however, were down 1% month on month. Most of the material left Brazil via the Santos port (41,121 mt), followed by the Itajai port (9,185mt), according to the ministry data. Of the total exports, 32,09...>>>
EDF Group buys UK battery storage/EV charge company Pivot Power Nov 06,2019
EDF Group has bought UK battery storage and electric vehicle charging specialist Pivot Power for an undisclosed sum, the French companysaid Monday. Pivot Power plans to install around 2,000 MW of grid-connected batteries across 40 sites on major roads up and down the UK, with the first two sites at Kemsley (Kent) and Cowley (Oxford) due to be co...>>>
ArcelorMittal Italia suspends new orders: market sources Nov 06,2019
ArcelorMittal Italia has stopped accepting orders for December and January sales and has also stopped making quotations for steel coils sales, following Monday's announcement that it will pull out of its lease and purchase agreement of the former Ilva works, market sources told S&P Global Platts Tuesday. Unions told Platts that the company has ...>>>
Spain's Endesa makes Eur1.4 billion coal impairment Nov 06,2019
Endesa has made a Eur1.4 billion ($1.6 billion) impairment against its coal-fired power stations in its third quarter results due to closures announced at the end of September, the Enel-owned Spanish utility said Tuesday. The company expects to continue operating plants that run on imported coal until 2021, Chief Executive Jose Bogas said. Th...>>>
Russia-Ukraine legal dispute intensifies with new $12 billion lawsuit Nov 06,2019
With just eight weeks until the controversial gas agreement between Russia's Gazprom and Ukraine's Naftogaz expires, the legal quagmire surrounding the contract is becoming yet more complex. Naftogaz has now filed a brand new claim to the Stockholm court of arbitration over the 10-year deal, seeking $12 billion in compensation from Gazprom for i...>>>
100 Spot Commodities Price Chart - 05/11/2019 Nov 06,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,24 commodities increased in prices, 16 fell and 60 remained unchanged on 05/11/2019.The largest rises were Palm Oil (3.61%),PET (1.71%),Chloroform (1.42%),while the largest falls were ...>>>
Australia's Hunter Valley coal rail network closed due to fires Nov 12,2019
Australia's thermal coal-dominant rail network in the Hunter Valley has been closed due to widespread fires across the eastern state of New South Wales, a spokeswoman for the Australian Rail Track Corporation said Tuesday. The entire Hunter Valley coal network - which links mines in the region to the Port of Newcastle of export - is under tempor...>>>
Dubai futures: EFS narrows on strengthening Middle East crude demand in Asia Nov 13,2019
Benchmark Dubai crude future's discount to ICE Brent narrowed in mid-morning trade in Asia Tuesday as demand for Middle East sour crudes began picking up for January. At 11 am in Singapore (0300 GMT), the January Brent/Dubai Exchange Futures for Swaps spread or EFS was notionally pegged at $3.48/b, down from $3.63/b assessed at the close of trad...>>>
Singapore Marine Fuel/380 CST HSFO cargo spread widens 6% to year-to-date high on IMO 2020 Nov 13,2019
The Singapore 0.5% sulfur marine fuel and 380 CST high sulfur fuel oil cargo spread hit a year-to-date high of $237.64/mt on Monday, having more than doubled since market participants stepped up preparations to transition to low sulfur fuels in October, S&P Global Platts data showed. The impending implementation of the International Maritime Org...>>>
Malaysian Oct palm oil stocks fall 4% on month: MPOB Nov 13,2019
Palm oil stocks in Malaysia fell 4.1% month on month or 13.75% year on year to 2.348 million mt in October, data released by the Malaysian Palm Oil Board Monday showed. "MPOB's October report was far more bullish than expected," Sathia Varqa, owner and co-founder of Singapore-based Palm Oil Analytics. "Market expectation was for a marginal ri...>>>
Crude oil futures edge lower as fundamentals turn weaker Nov 13,2019
Crude oil futures were lower during mid-morning trade in Asia Tuesday as global supply-side issues continued to exert downward pressure on prices. At 10:15 am Singapore time (0215 GMT), ICE January Brent crude futures were down 23 cents/b (0.834%) from Monday's settle at $61.97/b, while the NYMEX December light sweet crude contract fell 21 cents...>>>
SPP, MISO issue alerts ahead of high peakload, wintry weather Nov 13,2019
The Southwest Power Pool and Midcontinent Independent Service Operator issued alerts Monday in response to weather forecasts that predicted record-low temperatures and higher-than-normal peakload, driving up power prices. SPP issued a resource alert for Monday evening through Wednesday "due to high forecasted load, uncertainty of outage return ...>>>
US steel mill capacity utilization dips to 80.5% Nov 13,2019
US raw steel capacity utilization declined to 80.5% last week from 81.6% the previous week. Production fell 1.4% to 1.862 million st during the week that ended Saturday, down from 1.888 million st produced the previous week, according to data released Monday by the American Iron and Steel Institute. Last week's production was down 2.2% compar...>>>