Chemical News
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US ferrous scrap exporters seeking domestic market sales Mar 28,2017
US East Coast ferrous scrap exporters were looking to place tons into the domestic market on Friday, to take advantage of stronger US scrap pricing relative to global prices. Conversations between exporters and US mills began last week and continued into this week. The threat of additional supply coming into the US market has further depressed a...>>>
Mining at B&N Coal's new Ohio mine expected to start this summer Mar 28,2017
Northern Appalachian thermal coal producer B&N Coal expects to receive final regulatory approvals in about a month for its new Whigville surface operation in Noble County, Ohio, with production set to start this summer, a company official said Monday. "We're in the final review stage" for a permit from the Ohio Division of Mineral Resources Mana...>>>
Indian antitrust regulator fines Coal India for anti-competitive practices Mar 28,2017
India's antitrust regulator, the Competition Commission of India, has imposed a fine of Rupee 5.91 billion ($90.92 million) on state-run miner Coal India Limited (CIL) and its subsidiaries for abusing its dominant market position. In a 56-page order released Friday, CCI said that CIL did not finalize the terms and conditions of fuel supply agree...>>>
US CAPP spot market hushed as spring officially takes hold Mar 28,2017
Monday may have marked the official first day of spring in the US, but the Central Appalachian rail and barge coal markets have essentially been in shoulder-season mode since February after a promising cold start to winter evaporated into a warm 2017, thwarting near-term thermal demand. Utilities have been content with current inventories and co...>>>
100 Spot Commodities Price Chart - 27/03/2017 Mar 28,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,14 commodities increased in prices, 47 fell and 38 remained unchanged on 27/03/2017.The largest rises were Propylene oxide (1.11%),Chloroform (0.97%),Silver (0.85%),while the largest f...>>>
US auto manufacturers and others facing steel shortage Nov 23,2020
US automotive producers and other steel-intensive manufacturers are facing a supply shortage which could potentially lead to production shutdowns or reductions, according to numerous market sources. Since October, multiple flat-rolled service center sources have noted the lack of steel availability was of growing concern to OEM customers, partic...>>>
US grants 45-day sanctions waiver allowing Iraq to buy power from Iran Nov 23,2020
The US State Department Nov. 20 granted a 45-day waiver extension to Iraq allowing it to keep paying for electricity imports from Iran. "The Secretary has renewed the sanctions waiver for Iraq to engage in financial transactions related to the import of electricity from Iran," a State Department spokesperson said. "The waiver ensures that Iraq i...>>>
Small regulatory changes, not fracking, plague Biden plan: panel Nov 23,2020
President-elect Joe Biden's incoming administration may not ban hydraulic fracturing of oil and gas wells outright, as some feared during the campaign, but it may make small regulatory changes that could affect processes like taxes, capital access and time needed for project approval, panelists said at an industry conference Nov. 20. While Biden...>>>
China's Feb ethanol imports hit several-year low at 9 cu m on closing arbitrage Mar 29,2017
China's ethanol imports in February fell drastically to a several-year low of 9 cu m, merely around 0.39% of January's imports, according to China customs data released late last Friday, due to the hike in import duty and bearish sentiment in the domestic market. In February, China imported 4 cu m of undenatured ethanol, mainly from Japan and Ge...>>>
AFPM 2017: US chemical producers encouraged by new administration, future growth Mar 29,2017
US chemical producers expressed optimism regarding the future growth of petrochemicals in the US and were hopeful that decreased regulatory measures associated with the Trump administration would help facilitate growth. Speaking on a panel at the American Fuel & Petrochemical Manufacturers' International Petrochemical Conference in San Antonio, ...>>>
European styrene premium over feedstocks at two-month low Mar 29,2017
The European styrene premium over its two main feedstocks -- benzene and ethylene -- is at a two-month low as falls in the styrene price outpaced declines in feedstock prices, S&P Global Platts data showed. The European styrene spot price was assessed Friday at $1,155/mt FOB ARA, falling $365/mt since March 1 or 24%. The benzene price was ass...>>>
Asia: The week in petrochemicals Mar 29,2017
Outlook for Asia's aromatics markets is mixed this week, while the olefins markets is lookingweaker and extending the downward trend seen last week amid ample domestic inventories and weak demand in China. In other markets, demand remained largely stable in Southeast Asia while some uplift is expected from a strong Indian market. AROMATICS ...>>>
US steel mills file for antidumping duties on wire rod from 10 countries Mar 29,2017
Four US steel producers on Tuesday sought antidumping duties on carbon and alloy wire rod imports from 10 countries -- Belarus, Italy, Russia, South Africa, South Korea, Spain, Turkey, Ukraine, United Arab Emirates and the UK. Gerdau Long Steel North America, Nucor, Keystone Consolidated Industries and Charter Steel also sought countervailing du...>>>
Ukraine's January exports of ferroalloys up 34.9% on year Mar 29,2017
Ukraine's exports of ferroalloys in January rose 34.9% year-on-year to 68,450 mt from 50,750 mt in January 2016, the state statistics service reported Tuesday. At the same time, revenues from exports of ferroalloys soared 80.8% to $79 million from $43.7 million, the statistics service said. In January, Ukraine exported 18,580 mt of ferroalloy...>>>
Yancoal's Middlemount metallurgical coal mine declares force majeure from Queensland cyclone Mar 29,2017
Yancoal has declared force majeure on its Middlemount mine, as a result of the cyclone conditions affecting Queensland, the company confirmed Tuesday. "It remains too early to determine the full impacts of the cyclone upon ports and rail," a Yancoal spokesman said, adding that the duration of the force majeure has yet to be determined. The Mi...>>>
BHP suspends operations at 5 metallurgical coal mines due to Queensland cyclone Mar 29,2017
The world's largest seaborne metallurgical coal producer and exporter BHP Billiton has suspended operations at five of its Queensland, Australia, coking coal mines due to cyclone Debbie, it said Tuesday. The mines are Goonyella Riverside, Peak Downs, Daunia (under a BHP-Mitsubishi alliance, BMA), South Walker Creek and Poitrel (BMC), a BHP spoke...>>>
Lower ethanol prices in Brazil improving parity at pumps Mar 29,2017
The March 19-25 price of hydrous ethanol at pumps in the southeast of Brazil averaged 71.7% of gasoline prices, compared with 72.5% the week before and 75.1% a month ago, National Petroleum Agency (ANP) data showed Tuesday. At this level, hydrous ethanol is still not competitive with gasoline because it remains above the 70% threshold. Hydrou...>>>
European T2 ethanol hits near-three-month low, despite maintenance season Mar 29,2017
Signs of increased product availability and aggressive offers pushed T2 ethanol to a near-three-month low at Eur551.75/cu m (about $599/cu m) FOB Rotterdam Monday, down Eur2.25/cu m on the day and Eur34.25/cu m on the week. The drop occurred despite some capacity being off the market for seasonal maintenance. Prices have been gradually declining...>>>
100 Spot Commodities Price Chart - 28/03/2017 Mar 29,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,15 commodities increased in prices, 46 fell and 38 remained unchanged on 28/03/2017.The largest rises were LDPE (1.88%),Nickel (1.45%),Copper (0.94%),while the largest falls were SBR (...>>>
Talk of iron ore ramp-up in China is spooking market, conference hears Mar 30,2017
The specter of Chinese domestic iron ore output ramping up this year in response to higher prices, and subsequently putting downward pressure on seaborne prices, was a major talking point at Australia's flagship iron ore conference Wednesday. Rio Tinto managing director, planning integration and assets, Kellie Parker, said the prospect of China ...>>>