Chemical News
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Crude settles lower with demand growth concerns in focus Nov 13,2019
Crude futures settled lower Monday, although remained within a well-worn range, pressured by continued global demand growth concerns. ICE front-month Brent settled at $62.18/b, down 33 cents, while NYMEX front-month crude settled at $56.86/b, down 38 cents. Macroeconomic data released Monday was far from bullish. India's industrial production...>>>
100 Spot Commodities Price Chart - 12/11/2019 Nov 13,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,20 commodities increased in prices, 31 fell and 49 remained unchanged on 12/11/2019.The largest rises were Xylene (2.39%),Palm Oil (2.37%),Chloroform (2.16%),while the largest falls we...>>>
Chinese seaborne thermal coal deals being canceled, delayed amid import curb Nov 19,2019
Chinese buyers of seaborne thermal coal have been cancelling deals or trying to defer delivery cargoes to the end of December amid ongoing curbs on imported material, market sources said Monday. An international trader said a Chinese buyer walked away from a deal when the cargo was loading last week. As such, the trader had to resell the cargo, ...>>>
Short Urals Dec program sustains Middle East sour crude spreads Nov 19,2019
Benchmark Dubai crude futures spreads firmed in midmorning trading in Asia on Tuesday, with a shorter December loading program for Russia's Urals crude lending support to Middle East sour grades of similar quality trading in Asia. Notional price values pegged at 11 am in Singapore (0300 GMT) Tuesday showed the December/January Dubai futures spre...>>>
Crude oil futures edge lower as optimism fades over US-China talks Nov 19,2019
Crude oil futures edged lower during mid-morning trade in Asia Tuesday amid fading optimism over trade talks between the US and China, with an expected increase in US crude stocks adding further downside pressure. At 10:35 am Singapore time (0235 GMT), ICE January Brent crude futures were down 11 cents/b (0.18%) from Monday's settle at $62.33/b,...>>>
American Resources reports Q3 net loss from operations of $7.08 million Nov 19,2019
Metallurgical coal producer American Resources reported a net loss from operations of $7.08 million in Q3, compared with a net loss from operations of $3.35 million in Q2 and $4.13 million in the year-ago quarter, the company said Monday in a quarterly earnings report. The company sold 25,969 st of metallurgical coal at its McCoy Elkhorn and Dea...>>>
US HDPE, LLDPE exports to China down sharply amid tariffs Nov 19,2019
Tariffs have sharply reduced exports of two grades of US polyethylene amid the ongoing US-China trade dispute, according to data from the US International Trade Commission. As new US startups have brought more high density and linear low density polyethylene production on line, flows into China, the largest global demand center, have retreated s...>>>
Americas petrochemicals outlook, w/c November 18 Nov 19,2019
US OLEFINS US November propylene contract prices are expected to be finalized this week, ahead of the Thanksgiving holiday, a trade source said. Market participants anticipate the November contract price will settle 2-3 cents/lb below last month's. Lower spot polymer-grade propylene pricing is also anticipated because of year-end selling by produc...>>>
New construction natural gas ban trend appears on East Coast Nov 19,2019
Lawmakers in a Boston suburb are set to vote to ban natural gas in new buildings, marking the Bay State's first foray into a climate change policy that has unsettled the industry since it was pioneered in Berkeley, California, earlier this year. The 240-seat Town Meeting in Brookline, Massachusetts, will consider the amendment to its bylaws duri...>>>
Venezuela ships first steel scrap cargo to Turkey in 2019 Nov 19,2019
A Turkish steelmaker in Iskenderun, Turkey, received one cargo from the Venezuela's state-run company Corpovex in September, registering the first shipment from the crisis-hit country in 2019. The mill booked a cargo containing 24,892 mt of scrap from Corpovex in August for $7.2 million, Turkish Statistical Institute, or TUIK, data showed, corre...>>>
Brazilian corn exports near 5 million mt for November, up sharply from a year ago: port data Nov 19,2019
Brazil has scheduled 4.86 million mt of corn for export in November to date, according to port data as of Friday from a private shipping company. Exports this month are sharply up on the year, with the country exporting 3.65 million mt of corn in November 2018. Japan, Iran and Vietnam are the top destinations for Brazil's corn exports in Nove...>>>
Asia petrochemicals outlook, w/c Nov 18 Nov 19,2019
Asian petrochemical markets are expected to be weighed down by potential upcoming capacities in China and a persistent slowdown in downstream demand. No apparent year-end up uptick in seasonal demand were observed in several Asian markets, offering little support for prices going forward. AROMATICS Volatility in the Asian paraxylene (PX) market...>>>
100 Spot Commodities Price Chart - 18/11/2019 Nov 19,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,30 commodities increased in prices, 23 fell and 47 remained unchanged on 18/11/2019.The largest rises were Acrylic acid (4.35%),Acetone (2.05%),Chloroform (1.92%),while the largest fal...>>>
Japan mulls US, Argentina origin corn amid lack of Brazil offers for Jan, Feb Nov 22,2019
Japanese buyers are weighing the option of procuring corn from Argentina or the US Gulf amid a lack of Brazilian corn for January and February shipments, trading sources said Friday. Japan, like South Korea, has been a large importer of Brazilian corn in 2019 as US prices have been uncompetitive for the best part of the year. Brazil's national ...>>>
Argentinian 2019-20 soybean planting 31% complete on favorable weather: BAGE Nov 22,2019
Argentinian soybean planting had been completed in 31.3% of the projected planted area of 17.7 million ha for the 2019-20 crop year (November-October) as of Wednesday due to sufficient rainfall across the northwest, the Buenos Aires Grains Exchange, or BAGE, said Thursday. This is 1.7 percentage points lower than at the time last year due to a s...>>>
Q1 Brent/Dubai EFS edges near sub-$3/b on tight medium crude supply Nov 22,2019
The spread between ICE Brent and Dubai futures narrowed for the first quarter of 2020 in mid-morning trading hours in Asia on Friday as outlook for medium sour crude showed further tightening of global supplies expected over January to March next year. January ICE Brent/Dubai Exchange Futures for Swaps was notionally pegged at $3.14/b at 11 am i...>>>
Singapore ex-wharf HSFO bunker premium sinks further to four-month low ahead of IMO 2020 Nov 22,2019
The Singapore ex-wharf premium for 380 CST high sulfur bunker fuel extended its downtrend to a four-month low at Asian close Thursday, S&P Global Platts data showed. This comes at a time when demand shifts rapidly to cleaner fuels away from higher sulfur grades, as the IMO 2020 sulfur mandate looms. The ex-wharf 380 CST bunker premium to the ...>>>
US Weather Service forecast adds downside risk to gas demand, prices Nov 22,2019
Above-average temperatures across much of the continental US this winter could limit gas demand for heating, a forecast published Thursday by the US National Weather Service showed. A series of outlooks extending from December to February predicted a 33% to 50% chance for warmer-than-normal weather in almost every US region, excluding portions ...>>>
Titan finds near-surface zinc at New York mine Nov 22,2019
Titan Mining discovered promising near-surface zinc deposits at its Empire State Mine in New York through an ongoing surface drilling program, the company said Thursday. The drilling program targeted the Hoist House zone, a mineralized extension of Titan's historic #2 mine at the Empire State Mine complex, which consists of one operating mine an...>>>
FERC signs off on four proposed US LNG export projects Nov 22,2019
Four proposed US LNG export projects, including three that would be built near the underutilized Brownsville, Texas, port, gained certificate approval Thursday from the Federal Energy Regulatory Commission. The approvals bolster the likelihood that the biggest obstacle for additional liquefaction capacity in the US may be developers' ability to ...>>>