Chemical News
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100 Spot Commodities Price Chart - 28/02/2017 Mar 01,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,22 commodities increased in prices, 33 fell and 44 remained unchanged on 28/02/2017.The largest rises were Sulfur (1.61%),Iron ore (1.57%),Steel I bean (1.41%),while the largest falls ...>>>
China's Feb stainless steel output regains momentum after Lunar New Year Mar 02,2017
China's stainless steel production has regained momentum in February after Lunar New Year holidays trimmed output in January, Yujing Liu, analyst at Chinese consultancy Antaike, said Tuesday. China's stainless steel production was expected to rebound to 2.2 million mt in February from 2.1 million mt in January due to strong stainless steel price...>>>
Formosa Plastics says March US polypropylene CP to follow US PGP movement Mar 02,2017
Formosa Plastics' transaction price for all grades of US polypropylene will follow the change in polymer-grade propylene's US March contract price settlement effective Wednesday, the company said in a letter to customers obtained by S&P Global Platts. A company spokesman could not be reached for comment. Formosa Plastics is the second produce...>>>
March benzene European contract price confirmed at Eur937/mt, down Eur46/mt Mar 02,2017
The European price for contractual benzene supplies in March has been fully settled at Eur937/mt ($992/mt) CIF ARA, down Eur46/mt, negotiating parties confirmed Wednesday. The settlement is in line with the S&P Global Platts month-ahead contract price indicator, which showed Tuesday a likely $54/mt drop from the February price. The new settle...>>>
Jan-Feb polyethylene margin falls 37% on year on poor PE demand, strong naphtha Mar 02,2017
The polyethylene-naphtha margin averaged $159/mt over January-February, down a sharp $100/mt or almost 37% from the same period last year, S&P Global Platts calculations showed Wednesday. Market sources attributed the slide to weak PE demand amid a strong feedstock naphtha market. PE demand from the downstream plastics sector has taken a hit ...>>>
US MTBE exports for December fall to 22-month low: EIA data Mar 02,2017
US exports of MTBE marked a three-year high in 2016 even as December shipments dropped to their lowest level in 22 months amid a steep drop by a key importer, according to US Energy Information Administration data released Tuesday. US MTBE exports in December totaled 827,000 barrels, down 34% from 1.245 million barrels in November and 20% from 1...>>>
Steel, coal optimism fueled by Trump dynamic after speech to Congress Mar 02,2017
The Dow Jones industrial average surpassed 21,000 in trading as of noon EST Wednesday after President Donald Trump's pro-business/America-first speech before Congress, up about 1.3%, as the S&P 500 also gained 1.3% -- and share prices of a dozen New York Stock Exchange-traded steel companies tripled that performance,up nearly 4%, as were a number o...>>>
Molybdenum oxide price range widens as Asia lags Mar 02,2017
Molybdenum oxide moved wider Tuesday as prices in Asia softened, but the market saw increases in the US and Europe. Sales were reported in Busan at $7.55/lb and $7.60/lb, while in the US trade was reported at $7.80/lb and $7.90/lb CIF basis. The buyer at $7.55/lb in Busan said there had been more interest in the Asian morning but this had not...>>>
Japanese, East Asia HMS ferrous scrap markets stall Mar 02,2017
Japanese domestic ferrous scrap prices are rising, but export bookings were stagnant during the week because of the price gap between Japanese traders and buyers, traders said Wednesday. S&P Global Platts assessed that H2 scrap export price at Yen 28,500-29,000/mt ($251-$255/mt) FOB Tokyo Bay Wednesday, unchanged on the week. South Korea's le...>>>
Chile's January copper output slips 3% on year to 452,035 mt Mar 02,2017
Chile produced 452,035 mt of copper in January, down 2.6% from the same month of last year, government figures showed Tuesday. The monthly figure also marked a fall of 12.6% from December last year. Chile is the world's largest producer of copper, although mine output was impaired last year by a series of accidents, strikes and stoppages. Pro...>>>
Japan spot aluminum premiums rise to $95-$115/mt plus LME CIF Mar 02,2017
S&P Global Platts assessed spot premiums for aluminum at $95-$115/mt plus London Metal Exchange cash CIF Japan on Wednesday, rising from the previous $95-$100/mt plus LME cash CIF Japan as the US spot premiums hold at nearly two-year highs of 10 cents/lb ($220/mt) delivered Midwest. Following Russian producer Rusal offering $125/mt plus LME cash...>>>
100 Spot Commodities Price Chart - 01/03/2017 Mar 02,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,22 commodities increased in prices, 25 fell and 52 remained unchanged on 01/03/2017.The largest rises were Aluminum (1.22%),Soybean meal (0.70%),Hydrofluoric acid (0.66%),while the lar...>>>
China suspends oil price adjustment Mar 03,2017
China's top economic planner will not adjust domestic retail oil prices as global prices have stayed below the official pricing mechanism, according to an announcement on Tuesday. Under the current mechanism, prices of refined oil products are adjusted when crude prices translate into a change of more than 50 yuan (about 7.3 US dollars) per ton...>>>
Ineos Styrolution announces EU March polystyrene price hikes above styrene monomer monthly rise Mar 03,2017
Global Styrenics producer Ineos Styrolution has announced polystyrene price increases for March which are larger than the increase in the styrene monomer contract price, according to an announcement on its website. GPPS and HIPS nominations have increased Eur110/mt and Eur120/mt respectively over February, the company said. The March styrene ...>>>
Brazilian polymer markets slow amid Carnival celebrations: sources Mar 03,2017
Brazil's annual Carnival celebrations are bringing activity in the country's polymers market to a virtual standstill while giving buyers time to wait out better prices, US and South American sources said this week. "Last week's [import] pricing levels are the highest anybody can do business at this week in Brazil," a US-based trader said Wednesd...>>>
No zinc TC/RC deal struck at IZA, price escalators are sticking point: sources Mar 03,2017
Zinc miners and smelters reportedly failed to reach a benchmark agreement on 2017 treatment and refining charges this week at the International Zinc Association conference in Rancho Mirage, California. A major sticking point in the negotiations, according to sources, were the price escalators in his year's fee, amid significant uncertainty in zi...>>>
US import, domestic rebar prices hold on trade case outcome Mar 03,2017
US imported and domestic rebar prices held firm Thursday as market participants looked to the scrap market and the potential impact of US trade actions for direction. The Commerce Department on Wednesday levied a more than 200% preliminary dumping margin on imports of Japanese rebar, but set lower rates for Taiwan and Turkey, the largest exporte...>>>
Factchecking Trump: 'Directive' to buy American steel for pipelines - not quite Mar 03,2017
President Donald Trump told Congress and America Tuesday night that new pipelines built in the US would be made with American steel. "We have cleared the way for the construction of the Keystone and Dakota Access pipelines -- thereby creating tens of thousands of jobs -- and I've issued a new directive that new American pipelines be made with Am...>>>
CME Group Feb average daily metals trading volume up 7% on year Mar 03,2017
CME Group's metals trading volume averaged 523,000 contracts/day in February, off a marginal 2,000 contracts/day from January but up 7% from 487,000 contracts/day February 2016, the US exchange group said Thursday. Base metals daily trading volume rose by a hefty 41% year on year. CME's suite of metals products includes precious metals (gold,...>>>
Turkish ferrous scrap import price ticks up despite reluctant buyers Mar 03,2017
Bullish conditions for the Turkish steel market pushed up imported ferrous scrap prices on Wednesday despite buyers sticking to the sidelines. S&P Global Platts assessed Turkish imports of premium HMS I/II (80:20) at $284/mt CFR Turkey Wednesday, up 50 cents on the day. High March indications for European, Baltic and US domestic scrap markets...>>>