Chemical News
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Iran's main steel plate producer to raise exports, targets Europe Jul 12,2017
Iran's main heavy plate producer, Khuzestan Oxin Steel Co, is planning to increase its exports during the current Iranian year (started March 21) to around 10% of its overall output, Head of Marketing and Market Research Mohammad Khazami told S&P Global Platts Monday. Oxin's output was around 650,000 mt in the last Iranian year; some 30,000 mt o...>>>
North American June aluminum mill product orders down slightly on year Jul 12,2017
The North American net new aluminum mill order index for June lost 0.9% year on year, the Aluminum Association said Monday. New mill orders were also down 1% from May, the trade group said. The index for heat-treatable sheet orders increased the most from June 2016 levels at 30.9% and was 1.7% above May. Orders of non-heat-treatable sheet ...>>>
South32 declares force majeure on Australian Illawarra coking coal Jul 12,2017
Australian metallurgical coal miner South32 has declared force majeure on its Illawarra coal Monday, due to unsafe gas levels and intervention by the regulator to halt production, three customers told S&P Global Platts Tuesday. "The regulator issued a provisional notice to halt production," a market source said, quoting the force majeure notice ...>>>
Indonesia sets July HBA thermal coal price at $78.95/mt, up 49% on year Jul 12,2017
Indonesia's Ministry of Energy and Mineral Resources set its July thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $78.95/mt, up 49% year on year and 4.6% higher from June. The ministry had set the price for June at $75.46/mt, and the July 2016 price at $53/mt. The HBA is a monthly average price based 25% on the Pla...>>>
CS Brazil H2 Jun ethanol output expected to total 1.84 bil liters, down 6% on year: Platts survey Jul 12,2017
Ethanol production in Brazil's key Center-South region in the second half of June is expected at nearly 1.84 billion liters, down 6% on the year, but up 22% from the first half of June, an S&P Global Platts survey of analysts showed Tuesday. Center-South is the largest sugarcane and sugar producing region in the world. Industry association UNICA...>>>
NAPP market boosted by exports, waiting on domestic deals Jul 12,2017
The Northern Appalachia 13,000 Btu/lb coal market is continuing to see support for export tons and is starting to heat up with US utilities set to award term contracts, sources said Monday. A producer told S&P Global on Monday that few domestic term or spot deals have been made since springtime but there are "a lot or irons in the fire" with RFP...>>>
100 Spot Commodities Price Chart - 10/07/2017 Jul 12,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,26 commodities increased in prices, 17 fell and 56 remained unchanged on 10/07/2017.The largest rises were Soybean meal (3.18%),Rapeseed oil (1.03%),Phenol (0.95%),while the largest fa...>>>
IEA chief hails China's efforts on combustible ice Jul 13,2017
Fatih Birol, executive director of the International Energy Agency (IEA), on Tuesday lauded China's efforts to extract combustible ice from sea. Referring to the fact that China leads the world in terms of its research and development efforts, Birol said "China takes once again the leadership." "Today China is number one in terms of the win...>>>
Ineos has process upset on Texas HDPE unit: filing Jul 13,2017
Ineos Olefins and Polymers USA suffered a process upset at its La Porte, Texas, polyethylene facility resulting in an excess release of isobutane, the company reported Wednesday. A leak from a pressure gauge assembly on a reactor Tuesday morning resulted in hydrocarbon emissions of 7,959 lb of isobutane, according to a filing by Ineos with the T...>>>
European spot toluene drops below July CP level, at discount to MX Jul 13,2017
Toluene spot prices in Europe have dropped below the July contract price level, while also slipping to a discount versus mixed xylene prices. Toluene spot prices were assessed at $593.50/mt FOB ARA Tuesday, down $8 on the day amid aggressive offering. The July European CP was settled at $600/mt at the end of last month -- down $37.50/mt from the...>>>
US finalizes antidumping duty on ESBR from Brazil, S Korea, Mexico, Poland Jul 13,2017
The US Department of Commerce late Tuesday said it has finalized its antidumping duty or ADD on emulsion styrene butadiene rubber from Brazil, South Korea, Mexico and Poland. The DOC imposed a preliminary antidumping duty on February 16 pending the outcome of its final determination. Late Tuesday it announced that an ADD of 19.61% had been im...>>>
Colombia's $16 billion 4G infrastructure project not yet demanding steel Jul 13,2017
Colombia's Fourth Generation infrastructure project hasn't started to demand steel yet, while market players expect demand to increase for 2018. The first phases of the program -- 1G, 2G and 3G -- which started in 2011 and had investments of $7.5 billion, didn't require much steel. The expectation was for the fourth part of the project -- 4G -- ...>>>
Russia's Severstal sees higher iron ore pellet sales, Q2 coking coal recovery Jul 13,2017
Russian steel and mining group Severstal said Wednesday iron ore pellet sales rose slightly in the second quarter, to 2.9 million mt, and coking coal sales recovered from Q1 as new mine areas were developed. Severstal said first-half pellet sales volume rose 4% to 5.46 million mt, in an operations report. Iron ore pellet sales volumes in the sec...>>>
Peru's May copper, zinc, gold, silver, moly exports rise on year: central bank Jul 13,2017
Peru's export volumes of copper, zinc, gold, silver and molybdenum rose year on year in May, while lead declined and tin was unchanged, the central bank said Tuesday in a statement posted on its website. Total metals export revenue rose 23.5% from a year earlier to $2.12 billion in May, the bank said. Copper shipments climbed up 2% year on ye...>>>
Coal projected to be US' top generating fuel in 2017: EIA Jul 13,2017
Coal is projected to provide the majority of US power generation in 2017, retaking the crown from natural gas, according to the US Energy Information Administration's monthly Short Term Energy Outlook released Tuesday. The agency projects coal will fuel 31.3% of the US' electricity in 2017 compared with 31.1% for gas. In 2016, gas surpassed c...>>>
UK May thermal coal imports drop to four month low Jul 13,2017
UK imports of thermal coal fell to 239,663 mt in May, down 34% from April to a four month low, the latest customs data showed. Total imports over the month were down 7% on the year, according to S&P Global Platts historical data, although the origination of cargoes had diversified towards more non-traditional suppliers. Although Russia retain...>>>
Contura adds underwriters to IPO, 2 million st of PRB sales since April Jul 13,2017
Contura Energy has added six new underwriters to its upcoming IPO and made an additional 2 million st of priced Powder River Basin sales in the past three months, filings Wednesday with the US Securities and Exchange Commission showed. Jefferies, Credit Suisse Securities, UBS Securities, Barclays Capital, BMO Capital Markets and Seaport Global S...>>>
100 Spot Commodities Price Chart - 11/07/2017 Jul 13,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 29 fell and 39 remained unchanged on 11/07/2017.The largest rises were Methanol (2.14%),PTA (2.05%),PA6 (1.86%),while the largest falls were LPG (>>>
China's June coal imports fall 3% on year to 21.6 million mt Jul 14,2017
China imported 21.6 million mt of coal in June, including lignite, thermal and metallurgical material, down 2.66% from May and a marginal 0.68% lower year on year, according to preliminary data released Thursday by the General Administration of Customs. China imported 22.19 million mt of coal in May this year. In June 2016, the country imported ...>>>
Argentina MTBE-maker Carboclor hit by plant blockade after firing workers Jul 14,2017
Carboclor, a maker of octane booster methyl tertiary butyl ether (MTBE) and other products in Argentina, said Thursday labor union members have set up a blockade in front of its complex in Campana, Buenos Aires province after the loss-making company fired 128 workers. The protesters "have blocked the access of personnel to the Campana plant and ...>>>