Chemical News
-
CBOT soybean oil futures fall to near 8-month low Apr 07,2017
Chicago Board of Trade front-month futures for soybean oil, the dominant feedstock for US-produced biodiesel, reached their lowest level in nearly eight months Thursday as weather forecasts raised market expectations of a large soybean crop this year. The May soybean oil contract settled 46 points lower at 31.37 cents/lb, the lowest settle since...>>>
FEDIOL warns of EU crushing plant closures on conventional biofuels phase-out Apr 07,2017
A slowdown or halt in EU rapeseed production following a potential phase-out of conventional biofuels after 2020 would cause the closure of almost half of EU crushing plants, according to FEDIOL, the federation representing the European Vegetable Oil and Protein meal industry. It said reduced demand for oilseeds in Europe would result in a total...>>>
Poland, Greece reject Eurelectric's no new coal plant after 2020 plan Apr 07,2017
Poland and Greece's power sector associations have not signed up to Eurelectric members' commitment not to build new coal power plants after 2020, the European power sector association said Wednesday. "Greece and Poland...were not ready to back this statement at this point in time," Eurelectric secretary general Kristian Ruby told reporters in B...>>>
Ukraine's coal production in March down 12.6% on year Apr 07,2017
Ukraine's production of coal decreased by 12.6% year-on-year to 2.98 million mt in March from 3.41 million mt produced in March 2016, the energy and coal industry ministry reported Thursday, citing preliminary data. Output also dropped by 19.7% in comparison with February, when 3.71 million mt of coal was extracted. In the first quarter, Ukra...>>>
Weekly US coal production rises slightly on lagging consumption Apr 07,2017
Weekly US coal production totaled an estimated 14.49 million st in the week that Saturday, up 0.2% from the prior week and 18.5% from the year-ago week, US Energy Information Administration data showed Thursday. Coal production surged at the start of the year, peaking at 17.02 million st in the week that ended February 4. But it has since tapere...>>>
100 Spot Commodities Price Chart - 05/04/2017 Apr 07,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,25 commodities increased in prices, 32 fell and 42 remained unchanged on 05/04/2017.The largest rises were Benzene (2.78%),Aluminum (2.52%),Propylene oxide (1.38%),while the largest fa...>>>
China's Sinopec Yangzi's No. 1 cracker, butadiene plant operations back to normal Apr 10,2017
China's Sinopec Yangzi Petrochemical is currently running its steam crackers and butadiene plants normally, sources close to the company said Friday. The company had shut down its 400,000 mt/year No. 1 naphtha-fed steam cracker at Nanjing, in eastern China's Jiangsu province, late last Thursday, following a fire that broke out at the cracker, S&...>>>
Yuhuang Chemical starts construction on Louisiana methanol plant Apr 10,2017
Yuhuang Chemical has begun construction on a 1.8 million mt/year methanol plant that the company expects to start in the fourth quarter of 2019, the company said. The plant would rank as the largest in the US, ahead of the 1.75 million mt/year Natgasoline methanol plant expected to start up in Beaumont, Texas, in the fourth quarter of this year....>>>
Ruthenium prices hit 2.5-year high on Asian industrial buying Apr 10,2017
Continued industrial buying and a lack of offers pushed the bid/ask spread for ruthenium to the highest level in two and a half years this week, market sources said. The Platts New York Dealer ruthenium price range rose to $50-$65/oz from $40-$50/oz last week. Some market sources reported bids as low as $43 and sales as high as $68, although for...>>>
Mexican flat makers push prices up despite little buying Apr 10,2017
Domestic prices for Mexican hot and cold-rolled steel products have gone up for April deals, justified by rising raw materials costs, including scrap, sources said Friday. S&P Global Platts monthly assessment for hot-rolled coil increased slightly to Peso 14,400/mt ($772/mt) based on a range of Peso 14,300-14,500/mt, from Peso 14,150/mt, based o...>>>
European Commission finds injury in HRC dumping case, but no provisional duties Apr 10,2017
The European Commission has decided to not impose provisional duties on hot-rolled flat steel products from Brazil, Iran, Russia, Serbia and Ukraine, despite finding injury to domestic producers, it confirmed to S&P Global Platts Friday. "[The] Commission accepted at this stage the claim that the imposition of measures would lead to a further pr...>>>
Iran's Khouzestan Steel exports 1.9 million mt in latest year Apr 10,2017
Khouzestan Steel Company has become Iran's largest exporter of steel by exporting 1.9 million mt of billet and slab in the Iranian year which ended on March 20, KSC sales deputy Bahman Tajalizadeh said Friday. "Some 52% of the company's output was exported, a historical record for Iran's steel industry," Tajalizadeh said, adding: "The Mobarakeh ...>>>
Australia sees gold output at high of 318 mt in FY 2018-19 Apr 10,2017
Rising gold output from new projects and mine expansions in Australia is expected to lift the country's production to a high of 318 mt (10.2 million oz) in fiscal year 2018-19, up 12.1% from the 284 mt produced in 2015-16, the Department of Industry, Innovation and Science said Friday. Australian miners were expected to produce 2.5% more gold in...>>>
Analysis: Unica pleads for ethanol import tariff, but imports to continue Apr 10,2017
Brazilian sugar industry group, Unica, is seeking the introduction of an ethanol import tariff of 16%. Unica is citing in its pleas the higher greenhouse gas emissions of corn ethanol, Brazilian imports of which have surged over the past year, arguing the imports will compromise targets under the COP21 agreement signed by Brazil in November. ...>>>
Indonesian coal miner Kideco's 2016 output drops 18% on year Apr 10,2017
Major Indonesian thermal coal miner Kideco Jaya Agung produced 32.1 million mt of coal in 2016, a drop of 17.6% from 39 million mt a year ago, while its average selling price dropped 10.5% in the same period. Its sales volume fell 15.8% to 32.5 million mt in 2016, compared with 38.6 million mt in 2015, Kideco's stakeholder Indika Energy said in ...>>>
Atlantic met coal: Alabama deals top week of huge price gains Apr 10,2017
Prices in the Atlantic met coal market Friday, especially for Alabama coals, were stratospherically higher than last week as the damage to Queensland, Australia's, main transport arteries by Cyclone Debbie led to severe delays to global shipments. Spot sales of Alabama coal to Asia were picking up, sources familiar with the business said. New in...>>>
100 Spot Commodities Price Chart - 07/04/2017 Apr 10,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,17 commodities increased in prices, 36 fell and 46 remained unchanged on 07/04/2017.The largest rises were Coke (1.91%),Gasoline (1.49%),PA6 (1.32%),while the largest falls were Natura...>>>
Sinopec cuts East China butadiene offers by 12% from Monday Apr 11,2017
China Petroleum and Chemical Corp., or Sinopec, cut its ex-works butadiene offers in eastern China to Yuan 11,000/mt, or about $1,335/mt on an import parity basis, down Yuan 1,500/mt or 12% from Monday, market sources said. The last time the state-owned company cut its offers was on March 29, when they were reduced by Yuan 1,500/mt to Yuan 12,5...>>>
European chemical grade propylene builds up length Apr 11,2017
European chemical-grade propylene spot prices fell below April's contract price on Friday, which signified length had begun to develop in the European market. S&P Global Platts assessed chemical-grade propylene for delivery in April at Eur845/mt on Friday, a 4% discount to the April CP, which was down from Eur865/mt a week earlier, at parity wit...>>>
Enterprise to build Permian Basin-Mt. Belvieu NGL pipeline, plans 2019 startup Apr 11,2017
Enterprise Products Partners plans to build a 250,000 b/d NGL pipeline between the Permian Basin and the company's terminal in Mont Belvieu, Texas, with flows expected begin in the second quarter of 2019, it said Monday. The 571-mile, 24-inch-diameter Shin Oak NGL pipeline will originate at Enterprise's Gaines County, Texas, storage and fraction...>>>