Chemical News
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Molybdenum prices fall as activity picks up Jul 06,2017
Molybdenum oxide prices continued to slip Wednesday as market activity increased in Europe and Asia. Sales were reported at $6.95/lb in Busan and up to $7.05/lb in Europe and Asia. A 20 mt lot was also concluded at $7.10/lb in drums Busan. The Platts daily dealer oxide assessment fell to $6.95-$7.05/lb from $7-$7.10/lb, while the daily Europe...>>>
Brazil's ethanol-import tax vote postponed until July 26 Jul 06,2017
A vote by Brazilian foreign trade board Camex to reinstate the country's ethanol-import tariff has been postponed until July 26, market sources said late Tuesday. The vote, which had already been rescheduled once from early May, was supposed to have taken place on Tuesday during a meeting of the Executive Management Committee of Camex. The im...>>>
Brazil ethanol exports surge in June: SECEX Jul 06,2017
Brazilian ethanol exports in June reached 160.1 million liters, almost double May volumes but down 38% from a year ago, data from the secretariat of foreign trade (SECEX) showed Tuesday. The FOB price declared by shippers to customs was on average $538.10/cu m, down 3% from May but up 23% from a year ago. Platts assessed FOB Santos anhydrous ...>>>
100 Spot Commodities Price Chart - 04/07/2017 Jul 06,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,37 commodities increased in prices, 14 fell and 48 remained unchanged on 04/07/2017.The largest rises were Soybean meal (4.16%),SBR (2.42%),Color coated sheet (1.75%),while the largest...>>>
Analysis: Iron ore price recovery limited by weakening China steel growth Jul 07,2017
Iron ore prices, which have been stable around $63-$65/dry mt CFR China since the end of June, face a growing risk that supportive Chinese steel pricing trends are running out of steam. While 62% Fe IODEX benchmark fines recovered by over $10/dmt from a 2017 low in mid-June, an environment of high steel prices and rebar-led Chinese demand since ...>>>
USGC propane prices climb 1 cent as stocks build, cargo cancellations continue Jul 07,2017
US Gulf Coast propane prices rose nearly 1 cent Thursday even as Energy Information Administration data showed a 2.12 million-barrel stock build last week. July non-LST propane rose 87.5 points to 61 cents/gal, with Lone Star barrels at a 12.5-point discount and August barrels at parity. Propane prices climbed along with NYMEX August WTI, whi...>>>
Total close to finalizing MOU on Iran petrochemicals deal: reports Jul 07,2017
France's Total is on the verge of making a big investment in Iran's petrochemical sector, following on from the multi-billion dollar gas deal announced earlier this week, Iranian media reported Thursday. "At the moment, we are negotiating to finalize a memorandum of understanding for it and we will not announce it until it is finalized," oil min...>>>
Brazil's rebar exports drop 30.5% over year to 42,536 mt in June Jul 07,2017
Exports of rebar in Brazil fell 30.5% in June to a volume of 42,536 mt, trade ministry data showed Thursday. In June 2016, exports of these goods reached 61,231 mt. In monetary terms, exports in the month retracted 27.65% to $20.38 million FOB. Last year, the value of exports totaled $28.17 million FOB. Rebar imports, on the contrary, dropped...>>>
LMEprecious set to launch July 10 as planned, regulatory papers signed: LME Jul 07,2017
LMEprecious, the new suite of contracts to be run on the London Metal Exchange, are scheduled to launch Monday as planned, the exchange said Thursday, with all regulatory paperwork complete and signed off. LMEprecious will introduce exchange-traded and centrally cleared precious metals products to the London market. It will comprise spot, dai...>>>
S&P keeps aluminum group Hongqiao on negative credit watch despite creditors extension Jul 07,2017
S&P Global Ratings said Wednesday it was keeping its ratings on Chinese aluminum group China Hongqiao Group on credit watch with negative implications, despite some progress to resolve issues that have delayed the publication of Hongqiao's 2016 annual report. S&P placed Hongqiao on credit watch on March 24, after the company announced a potentia...>>>
Brazil's Q2 ethanol imports hit all-time high for the period: SECEX Jul 07,2017
Brazilian ethanol imports in the second quarter of the year reached an all-time high for the period at 559.4 million liters, up 256% from same period last year, but down 22% from Q1, data from the Secretariat of Foreign Trade (SECEX), showed Thursday. Almost 100% of the volume entered the country via ports in the Northeast region. The remainder ...>>>
EPA proposes 2018 biofuel blending mandate at 19.24 billion gallons Jul 07,2017
The US Environmental Protection Agency proposed Wednesday to require refiners and blenders to mix 19.24 billion gallons of renewable fuel into the US transportation fuel supply in 2018, down 40 million gallons from its required level for this year. The proposed 2018 Renewable Fuel Standard requires that 4.24 billion gallons of the total must be ...>>>
Japan-bound coal exports from Australia's PWCS terminal slump to 26-month low in June Jul 07,2017
Coal exports from the Port Waratah Coal Services terminal at Australia's Newcastle port were lagging in June with shipments to Japan slumping to a 26-month low, data from the operator showed Monday. A total 7.89 million mt of coal was outloaded at PWCS in June, down 5% year on year and 18% from May, and was the smallest monthly volume since the ...>>>
South African May thermal coal exports reach 2017 high Jul 07,2017
South African exports of thermal coal reached highs for 2017 at 7.03 million mt in May, posting increases both on the month and the year as flows into key consumer India hit an 11-month high, the most recent customs data showed. Exported volume from the country during May had increased 13.5% from the previous month, and 8.4% from levels seen dur...>>>
100 Spot Commodities Price Chart - 05/07/2017 Jul 07,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 18 fell and 50 remained unchanged on 05/07/2017.The largest rises were Zinc (3.29%),SBR (2.49%),Diesel (1.40%),while the largest falls were Lead ing...>>>
China's isomer-mixed xylene imports likely to fall on rising domestic production Jul 10,2017
China's production capacity of domestic isomer-grade mixed xylene is rising rapidly, and this is expected to lead to a fall in imports in the coming months, market sources said this week. Some estimates even forecast June imports to fall by more than 50% compared with May. And July imports were likely to fall even further, market sources added, ...>>>
Brazil's Braskem lowers domestic LDPE prices: company source Jul 10,2017
Brazilian petrochemical producer Braskem is cutting domestic prices for its low-density polyethylene by Real 100/mt (around $30/mt), a company source said Friday. The adjustment is approximate and includes the standard Brazilian PIS and Cofins taxes, the source said. Braskem will keep domestic prices steady for all other grades of PE -- linea...>>>
Ineos has European ethyl acetate production problems Jul 10,2017
UK-based petrochemicals producer Ineos is having production problems at its ethyl acetate plant in Hull, UK, according to several market sources. "I've heard it's a catalyst issue that occurred when cooling down the unit," one of the sources said. "It looks like they will be out of the market for the whole of July." The company did not respon...>>>
Chile's CNDP closes investigation on imports of Chinese bars Jul 10,2017
Chile's Anti-Price Distortion Commission, or CNDP, has terminated the antidumping investigation against imports of Chinese steel bars without recommending any measures, the commission said. It decided "by unanimity not to recommend a provisional antidumping measure, given that current data available do not determine the existence of dumping prac...>>>
New Brazilian aluminum duty-free import quota in effect: official gazette Jul 10,2017
The Brazilian government made official Friday the renewal of its duty-free import quota for P1020 aluminum ingots, sows and t-bars. Effective from Friday, 173,000 mt of duty-free imports are available until June 31, 2018, according to the official gazette. S&P Global Platts learned on June 9 that a new 173,000 mt quota would be made available...>>>