Chemical News
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US January biodiesel production, imports drop 63.4% on month Feb 17,2017
Combined US production and imports of biomass-based diesel fell 218 million gallons, or 63.4%, in January compared with December, Environmental Protection Agency data showed Thursday. Production and imports were 125.8 million gallons in January, down from 343.9 million gallons. Under the federal Renewable Fuel Standard, petroleum-based fuel p...>>>
Indian Railways' Apr-Jan coal traffic falls 4% on year to about 438 mil mt Feb 17,2017
The Indian Railways carried 437.97 million mt coal during April 2016-January 2017, down 4.4% from a year ago, data released by the Directorate of Statistics and Economics on Wednesday showed. The total volume of coal transported by the Indian Railways during the first 10 months of fiscal 2016-2017, April-March, 374.19 million mt comprised domest...>>>
UK Drax's 2016 output down 26% as summer prices take coal units offline Feb 17,2017
Lower UK power prices saw generator Drax's three coal units out of the market for much of summer 2016, the UK generator said Thursday. Production for 2016 of 19.6 TWh was 26% lower than 2015's 26.7 TWh, "as lower market power prices resulted in our coal-fired units being out of merit for much of the summer," the generator said. This was mitig...>>>
100 Spot Commodities Price Chart - 16/02/2017 Feb 17,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,26 commodities increased in prices, 20 fell and 53 remained unchanged on 16/02/2017.The largest rises were Ethylene oxide (4.84%),Cobalt (3.89%),Nickel (1.03%),while the largest falls ...>>>
Canadian National makes competing $30 billion bid for Kansas City Southern Apr 21,2021
Canadian National Railway said it made a superior $30 billion offer to buy Kansas City Southern and wrest the American railroad away from its smaller rival Canadian Pacific, potentially setting up a bidding war for the Missouri-based railway. After Canadian Pacific agreed to acquire Kansas City Southern for about $25 billion in March, Canadian ...>>>
Russia's ESPO Blend premiums undeterred by subdued Chinese demand Apr 21,2021
Dwindling demand for Russian ESPO crude, purchased mostly by Chinese independent refineries, has done little to hurt the grade's spot differentials which continue to register robust premiums in early-month trades. Buying appetite from China remains dull amid reports of bloated inventories and an increasing glut of Iranian crude. Trade sources s...>>>
Zhoushan, Shanghai 0.5%S marine fuel differentials drop to all-time lows on rising supply Apr 21,2021
A surge in bunker fuel supply in Zhoushan and Shanghai, coupled with weak demand, has dragged the ports' 0.5%S marine fuel differential to the FOB Singapore Marine Fuel 0.5%S cargo assessments to all-time lows since S&P Global Platts first began assessing the grade on July 1, 2019. The differential between delivered Zhoushan 0.5%S marine fuel an...>>>
India's pledge to avoid national lockdown keeps oil, gas recovery hopes alive Apr 21,2021
Singapore—India's efforts at avoiding a national lockdown, despite the surge in COVID-19 cases to record highs, will likely prevent a sharp decline in the country's appetite for oil and gas, with most analysts still hopeful that energy consumption would register positive year-on-year growth in 2021. But regional lockdowns in some p...>>>
SunSirs: Lithium Hydroxide Market Was Temporarily Stable on November 25 Nov 26,2020
Price trend On November 25, the market for industrial-grade lithium hydroxide stabilized temporarily. According to data from SunSirs’bulk list, as of November 25, the average...>>>
Japan posts LNG imports drop in October Nov 26,2020
Provisional data released by Japan’s Ministry of Finance shows that Japan imported a total of 5.94 million tons of LNG in October 2020. This is a 5.6 percent slip compared to the volumes imported during the corresponding month in 2019. Compared to the previous month, LNG imports dropped by 8.6 percent. To remind, Japan ...>>>
SunSirs: Potassium Nitrate Market Rose Due to Cost Support Nov 26,2020
Price trend According to the data monitored by SunSirs, the domestic industrial grade first-class potassium nitrate was quoted at 4,100.00 RMB/ton on the 18th, and the domest...>>>
Brazil's Center-South H1 Nov sugar production seen surging 43% on year: survey Nov 26,2020
Sugar production in the first half of November in Brazil's key Center-South region is expected to total 1,134 thousand mt, a spike of 43% year on year, according to the consensus expectations of analysts surveyed by S&P Global Platts Nov. 25. If analyst estimates prove to be right, this would be the highest volume of sugar produced in any H1 Nov...>>>
Techno Oil unveils automated LPG terminal in Nigeria Nov 26,2020
Techno Lagos Oil Ltd (Techno Oil) has unveiled its new automated liquefied petroleum gas (LPG) terminal at Kikiri in Apapa, Lagos, Nigeria. The new terminal is expected to generate up to 2000 jobs and unlock Nigeria’s 187 trillion ft3 gas reserve, which has remained largely untapped to date. The terminal, which has the capacity to ...>>>
Baker Hughes: US rig down 2 units to 310 Nov 26,2020
The US drilling rig count decreased 2 units to reach 310 rigs working for the week ended Nov. 20, according to Baker Hughes data. The count is down 493 units from the 803 rigs working this time a year ago. The number of rigs drilling on land was down a single unit week-over-week with a total of 296 units. The number of rigs drillin...>>>
India's gasoline output hits 7-month high as easing COVID restrictions boost driving activity Nov 26,2020
India's gasoline output rose for the second consecutive month to hit a seven-month high in October as robust domestic demand due to the easing of movement restrictions prompted refiners to ramp up run rates. Gasoline output by the world's third-largest energy consumer rose 5.28% month on month to 3.147 million mt in October, Petroleum Planning ...>>>
SunSirs: The Rise of Crude Oil Boosted China LPG Market Nov 26,2020
Since the middle of November, China LPG market has been on the "slide", showing a continuous downward trend, until November 23, the market stopped falling and rising. According to the data monitoring of SunSirs, the average price of liquefied gas in Shandong market was 3,233.33 RMB/ ton on November 15, and 3,080.00 RMB/ ton on November 23, wit...>>>
Brent-Dubai crude futures spread widest in 4 months following overnight oil rally Nov 26,2020
Middle East benchmark Dubai crude futures slipped further below Brent futures in mid-morning trade in Asia Nov. 25 after an overnight broad-based rally pushed the global oil benchmark to the highest since March. The January Brent/Dubai Exchange of Futures for Swaps – a measure of light, sweet Brent's premium to medium, sour Dubai – widened 5 cen...>>>
Tight supply boosts CFR China, FOB Korea propylene to 22-month high Feb 20,2017
The FOB Korea marker in the propylene market hit a 22-month high Thursday, as the marker was assessed at $1,000/mt. The last time the marker was at this level was in May 2015. From the start of 2017, the FOB Korea marker has soared 16.28% from $860/mt on January 3. Over the same period, the CFR China marker has also rallied 13.3%, to reach $1...>>>
NWE petrochemicals set to crack more LPG, marginally less naphtha in March Feb 20,2017
Many European petrochemical end-users are expected to resume cracking propane in March and crack more butane as both gases' prices are likely to weaken relative to naphtha due to the end of winter season, market sources said this week. "For March, I think the naphtha market is getting weaker due to crackers' turnarounds in Europe and propane is ...>>>
Analysis: Extreme US styrene shortage turning global trade flows upside down Feb 20,2017
At the turn of the year the eyes of styrene traders were fixed on Asia, where a heavy turnaround season planned for the end of first quarter looked set to make the region the main price-setter globally. But, contrary to initial expectations, it is the US that has so far been dictating the pace of accelerating rises in global pricing. The unex...>>>