Chemical News
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Southern Copper's Peruvian miners to begin strike April 10 Apr 05,2017
Miners at all three of Southern Copper's Peruvian divisions will begin a strike on April 10 after labor talks failed, a union official said Monday. Workers at Southern's Cuajone and Toquepala mines and Ilo smelter plan to press for a larger share of profits, better healthcare and working conditions, union representative Ricardo Juarez told S&P G...>>>
US stainless sheet prices move up on mill hikes, high demand Apr 05,2017
US stainless sheet prices moved up to start April as mills lowered base price discounts and demand increased, sources said Monday. North American Stainless kicked off the latest round of price hikes February 28, announcing it would be raising prices for all series 200, series 300 and type 430 cold-rolled stainless coil and sheet grades, effectiv...>>>
Indonesian coal miner Harum eyes raising H1 2017 output to 2.2 mil mt Apr 05,2017
Indonesian thermal coal miner Harum Energy said late Friday it is targeting to raise output in the first half of 2017 to 2.2 million mt, up 15% from H2 2016. "Despite the challenging operating conditions -- with continuous heavy rainfall at the mine site -- the company is confident it can achieve the target," the company said. Harum posted an...>>>
100 Spot Commodities Price Chart - 03/04/2017 Apr 05,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,9 commodities increased in prices, 22 fell and 68 remained unchanged on 03/04/2017.The largest rises were Natural rubber (1.37%),Aniline (1.14%),Styrene (1.07%),while the largest falls...>>>
China cuts retail fuel prices for third time this year Apr 06,2017
China will cut the retail prices of both gas and diesel for the third time this year from Wednesday due to price declines in the international market, the country's top economic planner said Tuesday. Gasoline prices will decrease by 230 yuan (about 33.4 U.S. dollars) per tonne, while the diesel price will be lowered by 220 yuan per tonne, the la...>>>
US toluene-fed chemical production margins gain on benzene, xylenes Apr 06,2017
Toluene-fed chemical production margins Tuesday were higher week on week amid gains seen across the aromatics complex, S&P Global Platts data showed. Hydrodealkylation (HDA) margins rose $44.21 on the week and were estimated at $62.35/mt as of close of business. Toluene disproportionation margins (TDP) rose $68.47 to $89.91/mt Mobil source tolue...>>>
Styrolution's Antwerp ABS output back at 'normal production': source Apr 06,2017
Ineos Styrolution's acrylonitrile-butadiene styrene output at its Antwerp unit in Belgium is back at a "normal production level," a source with knowledge of the matter said Wednesday. Production at the plant was reduced between February and April as a result of works, a different source said back in February. The source confirmed Wednesday th...>>>
ExxonMobil says in negotiations to buy Jurong Aromatics' assets in Singapore Apr 06,2017
ExxonMobil is in negotiations with the receiver for Jurong Aromatics Corporation to acquire JAC's assets on Jurong Island, Singapore, a company spokeswoman said Wednesday. "While progress is being made, no agreement has been reached yet," she said in an emailed statement. Market participants at the China Hangzhou Chemical Fibre Forum last w...>>>
US February aluminum waste and scrap imports drop 6.5 million lb on month Apr 06,2017
US general imports of aluminum waste and scrap fell to 124.3 million lb in February, down over 6.5 million lb from January, according to data released Wednesday by the US Department of Commerce and the US International Trade Commission. The total surpassed February levels in 2015 and 2016 by 31.6 million lb and 27.6 million lb, respectively. At ...>>>
Steelworkers union calls on Trump, Xi to address overcapacity Apr 06,2017
The United Steelworkers union on Wednesday urged US President Donald Trump to take action on Chinese steel overcapacity during his meeting this week with Chinese counterpart Xi Jinping. Trump's "tough rhetoric" on China during last year's US presidential campaign needs to be turned into "measurable and sustained changes" in the country's trade r...>>>
Russia's Rusal, India's Runaya to set up joint venture for aluminum production Apr 06,2017
Russian aluminum-producer Rusal and India's Runaya Metsource have planned to set up a joint venture for producing aluminum paste and powder in India, Rusal said on Wednesday. The companies will jointly set up a plant in India to produce 10,000 mt/year of aluminum paste and powders. The plant site will be finalized after registration of the propo...>>>
BHP Billiton declares force majeure on Queensland met coal after Cyclone Debbie Apr 06,2017
The world's largest metallurgical coal producer and seaborne exporter, BHP Billiton, declared force majeure in Queensland Wednesday due to the impact of Cyclone Debbie on the Australian state's coal chain. "BHP Billiton confirms that force majeure has been declared for all BMA Coal and all BMC Coal products as a result of damage caused by Cyclo...>>>
Feature: Ethanol RINs rebound as prospects fade of quick RFS reform Apr 06,2017
Refiners' and petroleum marketers' hopes for a quick rollback of the US ethanol mandate by the Trump administration have fizzled out, causing renewable fuel credits to rebound after four months of steep drops. Since President Donald Trump started shaping his cabinet in early December, traders have pounced on any shred of news hinting how he migh...>>>
Contura Energy CAPP met price jumps to average $120/st in Q4 Apr 06,2017
Contura Energy has updated its preliminary fourth-quarter 2016 earnings report and shed more light on the boost in metallurgical coal prices seen at the end of the year. In a release late Friday, the miner reported Central Appalachian met coal sold for an average realized price of $120.08/st in Q4, almost 21% higher than the $99.41/st average sp...>>>
100 Spot Commodities Price Chart - 04/04/2017 Apr 06,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,0 commodities increased in prices, 0 fell and 99 remained unchanged on 04/04/2017.. CommoditySectors 04-0304-04>>>
Analysis: China's oil demand resilient in early 2017 as industrial sector shines Apr 07,2017
China's apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand and efforts to build stocks ahead of the refinery maintenance season that started in March. Oil products across the barrel witnessed year-on-year demand growth over January-F...>>>
Poland's PKN Orlen to sell up to 100,000 mt/year propylene to BOP JV Apr 07,2017
Poland's PKN Orlen said Thursday it has signed an agreement with Basell Orlen Polyolefins to supply up to 100,000 mt of propylene a year. Propylene will be supplied from the company's metathesis unit, which is currently under construction at the Plock site and is slated for startup in the first half of 2018. The value of the deal is estimated...>>>
Mexico extends 15% tariff on imported steel for six months Apr 07,2017
Mexico's ministry of economy has extended the validity of a temporary 15% tariff imposed on imports of several steel products for another six months, according to a notice published Thursday in the country's official gazette. The tariff was first imposed in October 2015 and has been regularly renewed since then. The latest extension is valid fro...>>>
Ukraine's Q1 imports of manganese ore up 88.6% on year Apr 07,2017
Ukraine's imports of manganese ore and concentrate rose 88.6% on the year to 294,480 mt in January-March from 156,100 mt a year earlier, the state customs service reported Thursday. The value of manganese ore imports soared to $42.7 million in the first quarter from $18.3 million in Q1 last year, the customs service said. Over January-March, ...>>>
Asian met coal prices skyrocket 32% overnight Apr 07,2017
Spot met coal prices in the Asia-Pacific region soared Wednesday as mills jostled for cargoes amid news that BHP Billiton, the world's largest met coal producer, declared force majeure due to logistical problems caused by Cyclone Debbie. S&P Global Platts assessed Premium Low Vol FOB Australia up $58.50/mt, or 32%, to $241/mt FOB Australia Wedne...>>>