Chemical News
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Western European steel mills push for coil increases Jul 10,2017
A number of western European coil mills are pushing for price increases of around Euro20-30/mt across the product range. ArcelorMittal has announced increases of Euro30/mt for all new orders for September delivery, market sources said. The move will take hot rolled coil offers to Euro515-520/mt on an ex-works Ruhr basis, or Euro550/mt effecti...>>>
Eusider closes exclusive ferroalloys distribution agreement for Iranian FeSi Jul 10,2017
Italy-based Eusider has signed a long-term agency agreement with Iran Ferroalloys Industries Company, the biggest ferrosilicon producer in Iran, the Italian service center and trader company told S&P Global Platts. "We believe that FeSi market offers us the right space to market Iran Ferroalloys Industry materials and through this agreement, we ...>>>
India's first week under GST: steel market weakens, less impact on polymer, biofuels Jul 10,2017
India's steel market weakened during the first week of the Goods and Services Tax regime in the country, while the polymer and biofuel commodity markets largely dodged the bullet, industry sources said. GST came into effect on July 1, superseding India's plethora of multi-tiered state and central taxes and bringing it under a sigle tax system. ...>>>
June thermal, metallurgical coal exports from Australia's Gladstone rise 5% on year: GPC Jul 10,2017
Exports of both thermal and metallurgical coal from Gladstone in Queensland, Australia, totaled 6.27 million in June, up 5.3% year on year and 2.3% from May, and the highest volume so far in 2017, data from Gladstone Ports Corporation showed Thursday. Gladstone shipped 5.95 million mt in the year-ago period and 6.13 million mt in May. June ex...>>>
EU CO2 price to hit Eur33-35/mt by 2030 under reforms: study Jul 10,2017
EU carbon dioxide allowance prices are expected to rise to Eur33-35/mt ($37.55-$42.10/mt) by 2030 under a strengthened reserve to hold surplus allowances, prompting switching from coal to natural gas in the power generating sector, according to a study released Thursday. Major lobby group BusinessEurope commissioned the study by consulting firm ...>>>
100 Spot Commodities Price Chart - 07/07/2017 Jul 10,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,23 commodities increased in prices, 25 fell and 51 remained unchanged on 07/07/2017.The largest rises were FULLDRAWNYARN (1.48%),PVC (0.98%),Polyamide FDY (0.96%),while the largest fal...>>>
Sagging demand in China, India to likely weigh on thermal coal prices Jul 11,2017
Weakening demand at major consumers India, China and South Korea is likely to weigh down thermal coal prices going up to 2019, according to a report released by Australia's Department of Industry, Innovation and Science Friday. After a price spike from late 2016 to early 2017, thermal coal prices are forecast to gradually decline, and this will ...>>>
Dow starts maintenance at Freeport, Texas, terminal: TCEQ filing Jul 11,2017
US olefins producer Dow Chemical started maintenance Monday on a pipeline at its site in Freeport, Texas, the company said in a regulatory filing. The propylene pipeline, located at the Freeport terminal and marine operations site, is being cleared for maintenance, which is scheduled to run through July 20, according to the filing with the Texas...>>>
Europe petrochemicals outlook: w/c July 10 Jul 11,2017
European crackers continue their efforts to increase competitiveness by using cheaper gaseous feedstocks. OLEFINS Total has started up production at one of its two Antwerp steam crackers in Belgium using ethane feedstock from Norway. In the meantime Borealis is expecting an imminent arrival of the vessel Navigator Aurora following it first...>>>
Asia petrochemicals outlook: w/c July 10 Jul 11,2017
The paraxylene market weakened last week, amid oversupply in the forward and volatile energy markets. AROMATICS Discounts for floating price cargoes for August and September increased in value, with offers for cargo based on 50% of the average of the August CFR Taiwan/China marker and 50% of the August Asian Contract Price seen at $6.50/mt. T...>>>
Brazil's June steel sheet imports more than triple on year Jul 11,2017
Brazilian imports of carbon steel sheet in June jumped 225.9% to 51,186 mt from 15,706 mt a year earlier, data from the foreign trade ministry (MDIC) showed Monday. Hot-rolled coil imports totaled 3,809 mt, down 59% from 9,290 mt imported in the same month a year ago. Imports of cold-rolled coil climbed 538.8% to 27,543 mt from 4,325 mt in J...>>>
European aluminum alloy market bounces higher on tight summer supply Jul 11,2017
Europe's spot market for aluminum ingot 226 bounced higher by around Eur10-20/mt ($11-$23/mt) this week on tight summer supply and strong demand. "A lot of buyers thought that prices would go down during the summer but the market has moved up as there's not so much material around for August, and also September is getting tight," said an Italian...>>>
CIS merchant pig iron prices stable, upside seen this week Jul 11,2017
Turkish heavy melting scrap prices have continued to climb since June, gaining around $20/mt over the last month. At the same time the Black Sea billet and Turkish HRC prices both showed an upward movement. In the case of CIS pig iron, the shortages on the supply side are also likely to be a factor. "Donbas still seems to be out or lim...>>>
Rising raw materials costs push up Chinese 553 silicon prices: CNIA Jul 11,2017
The rising cost of raw materials pushed up Chinese 553 silicon metal prices to $1,490-1,520/mt FOB China last week, up $10-20/mt week on week, the China Nonferrous Metals Industry Association, or CNIA, said in its silicon sector report Monday. Due to China's environment checks, the domestic electrode sector's operating rate was lower than last y...>>>
US May coal exports up marginally on month, led by bituminous coal Jul 11,2017
US coal exports totaled 6.6 million mt in May, up 0.1% from April and up 72.1% from the year-ago month, US Census data showed Thursday. For the year, US coal exports totaled 33.4 million mt, up 60.3% compared with the same period last year. May met coal exports totaled 4.14 million mt, down 1% from April and up 39.3% from the year-ago month. ...>>>
Hampton Roads coal exports dip in June, but well ahead for year Jul 11,2017
Coal exports from terminals in Virginia's Hampton Roads region totaled 2.68 million st in June, down 15.2% from the prior month but up 25.3% from the year-ago month, according to data released Friday by the Virginia Maritime Association. The region's three terminals primarily export metallurgical coal, exports of which have surged in recent mont...>>>
China steel output rise supporting metallurgical coal price recovery: FBR bank Jul 12,2017
China's steel production growth and tighter domestic coal supplies are likely driving a rebound in met coal prices, analysts at investment bank FBR said Monday. Prices had been recovering in June after a longer fall from a peak in April lost momentum. Platts Premium Low Vol HCC ended last week assessed at $153/mt FOB Australia, up from $139.50/m...>>>
Braskem selects The Linde Group as EPC contractor for new PP line Jul 12,2017
Brazil's Braskem has selected The Linde Group as the lead engineering, procurement and construction (EPC) contractor for the proposed new 450,000 mt/year polypropylene line in La Porte, Texas, Braskem said Tuesday. "Today we are pleased to announce another significant step forward in the development of Delta, which is set to be the largest polyp...>>>
Brazil June coke imports more than double on year: ministry Jul 12,2017
Brazilian imports of coke in June more than doubled from the year-ago month to 132,236 mt, Ministry of Trade and Industry data showed Tuesday. The value of the imports increased sixfold to $35.85 million, the data showed. Colombia supplied 58% of Brazil's coke imports in June at 76,746 mt at a total value of $21.74 million, as the average pri...>>>
Japanese ferrous scrap prices rise in monthly auction Jul 12,2017
The highest bid in Tuesday's monthly auction for Japanese H2 grade ferrous scrap, for export from Tokyo Bay by end-August, increased by Yen 2,110/mt ($19/mt) from last month's winning bid, the auction organizer said. The winning bid was Yen 28,110/mt ($246/mt) free alongside ship for a 10,000-mt parcel. The second winning bid was Yen 28,100/mt F...>>>