Chemical News
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100 Spot Commodities Price Chart - 23/03/2017 Mar 24,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,18 commodities increased in prices, 30 fell and 51 remained unchanged on 23/03/2017.The largest rises were Chloroform (4.80%),Lead ingot (1.89%),Copper (1.05%),while the largest falls ...>>>
The BRI in Pakistan: From energy crisis to economic boom Nov 26,2020
College of Economics and Management, Nanjing Agricultural University, China The Belt and Road Initiative is a project that stretches from Asia to Africa and Europe. It is historically guided, long-run focused, carefully planned and strategic megaproject envisioned boosting connectivity between the regional and global markets. The China-Pakista...>>>
Key to China's emissions goal Nov 26,2020
At the general debate of the United Nations' 75th General Assembly on Sept 22, President Xi Jinping said that China will achieve carbon neutrality by 2060. In terms of production and consumption, China currently has the world's largest fossil energy system, which accounts for about 85 percent of China's primary energy source. Therefore, the tr...>>>
China manganese: Export offers jump on tight supply, news of environmental checks Mar 27,2017
Spot export offers for Chinese electrolytic manganese metal, or EMM, on an FOB basis jumped amid limited available material in the market and news of environmental checks in major EMM producing areas of Hunan, Guizhou and Guangxi from April onwards which may affect production, industry sources said Friday. The 99.7% manganese export price assess...>>>
Nova latest producer to split US PE increase between March, April: letter Mar 27,2017
Nova Chemical on Friday revised its proposed US polyethylene price increase, informing customers it now intends to raise prices by 3 cents/lb in both March and April, the company said in a letter obtained by S&P Global Platts. The split increase replaces a previously announced 6-cent March hike, and comes on the heels of a similar announcement b...>>>
Analysis: Laws, company policies boost Europe recycled polymer demand Mar 27,2017
A combination of factors including legislation and measures adopted by some of the largest consumers of polymers has raised the demand growth rate for recycled plastics polymers in Europe to above that of virgin grades. Industry sources say a there has been a drive toward a recycled polymer industry in Europe over the past five years as the US h...>>>
European methanol hits two month low ahead of contract price settlement Mar 27,2017
European spot methanol prices have declined to a two-month low just ahead of the second-quarter contract price settlement, complicating ongoing negotiations, market sources said. "It [negotiation] is always difficult when the sentiment is changing," one of the participants said, adding the negotiations were challenging. The European Q2 CP is ...>>>
Global 2017 biodegradable plastics output to reach 975,000 mt/year: conference Mar 27,2017
The global production capacity of biodegradable plastics will grow to 975,000 mt/year in 2017, up around 1% on the year, Nguyen Nhu Khue, managing director at Lotus Chemical Technology, said Friday in a paper presented at Specialty Packaging Films, Asia in Singapore. The growth is in line with the percentage increase seen in 2016, due to growing...>>>
Rhodium prices break through $1,000/oz on supply tightness Mar 27,2017
Rhodium prices rocketed through the $1,000/oz resistance level this week after speculative investors declined to release metal to the market, forcing consumers in need to buy the metal at higher prices. The Platts New York Dealer rhodium price rose to $945-$1,015/oz from $905-$950/oz last week. Prices began moving higher on Tuesday as Europea...>>>
Atlantic metallurgical coal: Steep falls in Australian coal hits US levels Mar 27,2017
Atlantic met coal markets on Thursday faced steep declines in Australian FOB prices, cutting prior indicative trading levels for US coals. This still left US prices holding at higher relative premiums. One US miner said he was seeing the effect of the coal supply tightness easing a little from Australia and that US material is still being offere...>>>
LME Premarket: Flat to lower start for metals, copper strike nears end Mar 27,2017
It was a flat to lower start to the trading day for metals priced on the London Metal Exchange Friday, with the ongoing strike at the world's largest copper mine, Escondida, reported to be nearing its end. "Workers are expected to return to work as soon as Saturday, having been on strike since February 9. Whilst the union and BHP Billiton have s...>>>
US cold-rolled coil prices rise as steel mills insist on new offer levels Mar 27,2017
The US cold-rolled coil price assessment edged up on Thursday as limited-time-only deals lower than $860/st evaporated, according to market sources this week. Spot buying has been light this week, as market sources reported buyers have been hesitant to place orders. Based on market feedback this week, S&P Global Platts on Thursday raised its ...>>>
Japan's Tohoku reaches settle on Apr annual coal deals with some sellers Mar 27,2017
Japan-based electricity generator Tohoku Electric Power had agreed on $80-$83/mt FOB Newcastle with some of its Australian thermal coal suppliers for annual negotiated term contracts starting April 1, a source familiar with the matter said Friday. The agreed price range of $80-$83/mt FOB Newcastle for premium-grade Australian 6,322 kcal/kg gross...>>>
100 Spot Commodities Price Chart - 24/03/2017 Mar 27,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,7 commodities increased in prices, 38 fell and 54 remained unchanged on 24/03/2017.The largest rises were Chloroform (2.89%),LDPE (1.19%),Titanium Dioxide (0.42%),while the largest fal...>>>
Coal stocks at China's leading power generators down 3.5% on week Mar 28,2017
Combined coal stocks held by China's six leading power generators in southern and eastern China, namely Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang, and Huaneng, averaged 9.57 million mt over the week ended March 23, down 3.5% on the week, according to a weekly report by port operator Qinhuangdao Port Thursday. Taki...>>>
AFPM 2017: US propylene to see sharp drops in April-May: sources Mar 28,2017
Propylene pricing in North America could see steep drops in April and May on the back of suppressed demand, sources said Monday. Market sentiment has centered between a contract price settlement for April of flat to down 4 cents/lb ($88/mt), multiple sources said on the sidelines of the American Fuel & Petrochemicals Manufacturers' annual Intern...>>>
India's polyethylene terephthalate demand growth over next five years to outpace global rise: RIL Mar 28,2017
India's polyethylene terephthalate demand is expected to rise at a compound annual growth rate of 12%-14% over the next five years on the back of strong economic and population growth -- far outpacing the expected growth of 4%-5% in global demand, said a company official at Reliance Industries Limited. The fast pace in India's demand growt...>>>
US imported rebar prices soften Mar 28,2017
US imported rebar prices softened Monday alongside lower Turkish export offers, sources said. S&P Global Platts on Monday lowered its daily imported rebar assessment to $464-$474/st CIF Houston, down from $468-$478/st CIF. Lower scrap settlements and modest demand throughout the Turkey's export markets have depressed offers from previous high...>>>
CIS iron ore pellet premiums may weaken as supply improves: sources Mar 28,2017
Lower quality iron ore pellets in particular may be seeing the recent high in premiums starting to unwind, buyers and suppliers said this week. Russian and Ukraine-based acid pellets with higher silica may see pricing revert back to steeper discounts against premiums command by lower silica and higher strength blast furnace pellets, according to...>>>
Japan's auto diecasting aluminum alloy demand to rise in fiscal 2017-2018 Mar 28,2017
The Japan Aluminium Alloy Refiners Association forecast on Monday that demand for diecasting aluminum alloy from the automotive industry would rise 1.5% year on year to 986,500 mt in fiscal 2017-2018 (April-March). Demand in the current financial year was 972,200 mt, up 3.1% from a year ago, the association said. Around 20 types of ADC alloys...>>>