Chemical News
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Copper mining hit by heavy rain in northern Chile Feb 28,2017
Heavy rains and flooding across Chile have slowed mining activity in the copper-rich north of the country, the government said Monday, with the northern region of Antofagasta the worst affected. "Mines operations in areas affected by the weather conditions are operating partially. All the mining companies in the region have activated contingency...>>>
Molybdenum oxide comes off as demand slows Feb 28,2017
Molybdenum prices were lower Friday as sources said there were very few inquiries in a dull market. A deal was reported in Busan, South Korea, at $7.65/lb although several sources said there were indications they could buy lower but did not want to buy. There was a little more interest in Asia with tenders expected in the coming week but sale...>>>
Turkish ferrous scrap imports trading holds stable range Feb 28,2017
Turkish ferrous scrap coasted sideways on Friday, as a barrage of trading showed a comfortable range for Baltic and European sellers through the week. S&P Global Platts assessed heavy melting scrap I/II 80:20 at $282.50/mt CFR Turkey on Friday, stable from Thursday. Four cargoes were heard, two of premium Baltic origin. These showed 80:20 pri...>>>
Asia alumina: Australia ticks up 50 cents/mt to $349/mt FOB Feb 28,2017
The Platts Australian alumina daily assessment ticked up 50 cents/mt on Monday to $349/mt FOB. Although Australian alumina has become too pricey for a large number of Chinese smelters, there has been a steady drip of buying among other consumer, trader and producer market participants worldwide, in the last couple of weeks. A producer reporte...>>>
China's ethanol imports drop 98% on month in Jan to 2,415 cu m Feb 28,2017
China's ethanol imports in January plunged 98% month on month to a three-month low of 2,415 cu m, according to data released by the General Administration of Customs on February 25. The sharp drop was due to the increase in import tariff to 30% in 2017, from 5% since 2010, on denatured ethanol, which accounted for 84% of the country's total etha...>>>
100 Spot Commodities Price Chart - 27/02/2017 Feb 28,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,33 commodities increased in prices, 25 fell and 41 remained unchanged on 27/02/2017.The largest rises were Rebar (3.66%),Nickel (3.41%),Steel I bean (2.91%),while the largest falls wer...>>>
SunSirs: China's Zinc Market Destocking is Accompanied by Zinc Price Shock Adjustments Apr 21,2021
1. Zinc price trend Zinc prices fluctuated and adjusted in April, and the zinc market fluctuated slowly. As of April 20, the average zinc price was 21,926.67 yuan/ton, a slight shock increase from April 1, which was 21,733.33 yuan/ton, an increase of 0.89%. The zinc market was replaced with "myasthenia". ...>>>
France's Seqens to supply from new IPA unit in Q1 2022: source Nov 26,2020
French pharmaceutical and petrochemicals company Seqens will start supplying isopropanol from a new unit in the first quarter of 2022, a company source said Nov. 25. The new unit will be based at the Roussillon platform in Isere, southeast France, and will have a capacity of 45,000 mt/year, expandable by up to 20%. Construction of the the new un...>>>
Romania's OMV Petrom 'ready' to become Neptun gas field operator: official Nov 26,2020
Romania's OMV Petrom is "ready" to take over as the operator of the major Neptun gas field project in the Black Sea if current operator ExxonMobil goes through with its intention to quit the project, a senior OMV Petrom official said Nov. 25. The development of Neptun -- which was discovered in 2012 and is estimated to hold up to 84 Bcm of gas -...>>>
EU could produce enough batteries for EV industry by 2025: Sefcovic Nov 26,2020
The European Union could produce enough battery cells to meet the needs of its electric vehicle (EV) industry by 2025, European Commission vice president Maros Sefcovic said Nov. 24 at the virtual European Conference on Batteries. Sefcovic told the conference that he was confident of this and there was the possibility that the EU would even be a...>>>
China Jan gold imports from Hong Kong slide 40% on month to 32 mt; 2-year low Mar 01,2017
Chinese gold imports from Hong Kong totaled 32 mt in January, down 40% from December, data released by the Hong Kong Customs and Statistics showed Tuesday. The figure is down marginally from 33 mt reported in January 2016. Imports to the Chinese mainland totaled 771 mt in 2016, down from 861 mt in 2015. When combined with imports from Swit...>>>
NWE toluene March contract price heard discussed from rollover to $5-$15/mt increase: sources Mar 01,2017
The March European contract price of toluene is likely to settle in a range of $665-$680/mt, sources said Tuesday. The March contract price was being negotiated by buyers on sellers Tuesday. The contract price for February settled at $665/mt FOB ARA. One buyer said a rollover of the contract price into March would be appropriate as spot deman...>>>
Major settlement reached for March paraxylene ACP at $905/mt CFR, up $5 from Feb Mar 01,2017
Negotiations for the March Asian contract price for paraxylene reached a major settlement Tuesday at $905/mt CFR, ACP participants said. The settlement was up $5/mt from February. Japanese PX producer JX Nippon Oil and Energy settled with Taiwanese purified terephthalic acid producer Oriental Petrochemical (Taiwan) Corp., while ExxonMobil set...>>>
US raw steel production holds steady week on week: AISI Mar 01,2017
US raw steel production held flat week on week, with the industry's capability utilization at 74.7%, American Iron and Steel Institute data showed Monday. In the week ended Saturday, US mills produced 1.77 million st of steel, up 0.2% from 1.766 million st the week before. The industry's capability utilization edged up to 74.7% from 74.6% the we...>>>
US ethanol group backs major RFS shift in exchange for year-round E15 sales Mar 01,2017
The top US ethanol trade group has embraced shifting the Renewable Fuel Standard's point of obligation in exchange for a proposal to approve year-round sales of gasoline blended with 15% ethanol. The Renewable Fuel Association's about-face on the contentious point of obligation debate has split the biofuel industry, generating sharp criticism Tu...>>>
Indonesian ITM's 2016 coal production falls 10% on year to 25.6 mil mt Mar 01,2017
Indonesian thermal coal miner Indo Tambangraya Megah said late Monday that its production in 2016 fell 10.2% year on year to 25.6 million mt. The company is targeting a similar output level, 25.5 million mt, this year. The average selling price for 2016 stood at $50.60/mt, down 10% from $56.40/mt in 2015. However, ASP rose 20% in the fourth quar...>>>
Spain reduces thermal coal burn 23% in 2016 to 14.6 mil mt Mar 01,2017
Spanish thermal coal consumption dropped 23% year on year in 2016 with declines for both domestic and imported coal, data published Friday by the industry body Carbunion showed. Spain used a total of 14.6 million mt of thermal coal in the year, down from 20.4 million mt in 2015, the group said. Of this, imported thermal coal accounted for 12....>>>
US coal train loadings increase from all major basins: railroads Mar 01,2017
Weekly US coal train loading volumes strengthened week on week across all major basins, Surface Transportation Board filings show. Data filed by the four major US railroads -- CSX, Union Pacific, BSNF and Norfolk Southern -- for the week ending February 17 shows nationwide coal loadings averaged 105.2 trains/day, up from 102.9 the prior week. ...>>>
Anglo American's Australian Drayton South coal project rejected by planning commission Mar 01,2017
Anglo American's Australian Drayton South coal project in the Upper Hunter Valley of New South Wales has once again been rejected by the state's planning commission, the Planning Assessment Commission said Thursday. The project, which was to extract 74.9 million mt of run-of-mine coal over a 15-year period at a rate of approximately 6.4 million ...>>>
Renewable, nuclear subsidies growing concern for coal industry: Dynegy exec Mar 01,2017
Subsidies for renewable and even nuclear generation are an increasing concern for the US thermal coal industry, Rob Hardman, vice president of fuel supply at Dynegy, said Thursday at the World Trade & Transport Conference in New Orleans, Louisiana. During a fuel buyers panel discussion, Hardman said coal burn continues to threatened by zero-emis...>>>