Chemical News
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CSX export coal volumes remain robust in second quarter Jul 21,2017
A resilient export market continued to drive CSX's coal business in the second quarter and has led the railroad to improve its outlook on year-end seaborne volumes, according to company officials. The export coal market "remains strong" and CSX now expects to ship around 30 million st this year, up from an estimate in the mid-20 million st range...>>>
100 Spot Commodities Price Chart - 19/07/2017 Jul 21,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 21 fell and 47 remained unchanged on 19/07/2017.The largest rises were Natural rubber (4.42%),Iron ore (3.60%),Ethylene oxide (1.91%),while the larg...>>>
Braskem adjusts domestic prices for HDPE injection, film: company source Jul 24,2017
Brazilian petrochemical producer Braskem is adjusting domestic pricing for two grades of high-density polyethylene, while rolling over prices for all other grades of PE and polypropylene, a company source said Friday. HDPE injection pricing will rise by about Real 100-150/mt (around $32-$48/mt), and HDPE film pricing will decrease by about Real ...>>>
Coca-Cola's enhanced UK R-PET procurement to provide limited support to demand Jul 24,2017
Enhanced procurement of recycled polyethylene terephthalate from drinks maker Coca-Cola for its UK market is expected to lend limited support to the product's demand in the country, trade sources said this week. Coca-Cola said last week it would raise its goal for using recycled plastics in its bottles to 50% by 2020, double the current 25%. ...>>>
Profits of China coal producers surge on capacity cuts Jul 24,2017
Chinese coal producers that for years struggled to keep afloat are bouncing back with substantial profit growth as the industry's ongoing downsizing has helped prop up prices and regain a supply-demand balance. Combined profits of large coal enterprises with annual turnover of at least 20 million yuan (nearly 3 million US dollars) came at 123.3...>>>
Asian styrene backwardation seen widening in Aug, Sep Jul 24,2017
The backwardation between August and September in the Asian styrene monomer market has widened significantly this week, as interest for September cargoes slowed, amid a bearish outlook on styrene in the third quarter, according to market sources. Following an unplanned outage at South Korean producer Hanwha Total Petrochemical's naphtha-fed stea...>>>
US starts antidumping probe on polyester staple fiber from S Korea, Taiwan Jul 24,2017
The US has begun antidumping investigations into imports of low melt polyester staple fiber from South Korea and Taiwan, the Department of Commerce said earlier this week. The alleged dumping margins were estimated at 39.24-52.23% for South Korea and 28.47-73.21% for Taiwan. A petition from Nan Ya Plastics Corp. America was filed on June 27 a...>>>
US sets final antidumping margins on rebar imports from Taiwan Jul 24,2017
The US Department of Commerce on Friday issued an affirmative final determination in its antidumping investigation of rebar imports from Taiwan. Lo-Toun Steel and Iron Works Co. received a 32.01% dumping margin, while Power Steel Co. and all other Taiwanese producers and exporters were issued a 3.50% final dumping margin, Commerce said. Comme...>>>
Panasonic buys aluminum via tender at $86/mt plus LME cash, CIF Japan Jul 24,2017
Panasonic has bought primary aluminum at $86/mt plus London Metal Exchange cash, CIF main Japanese port, via a tender that closed this week, several participants in the tender said Friday. Global Procurement Company of Panasonic Corporation bought 1,000 mt of Good Western 99.7% primary aluminum for August loading from an overseas supplier, sourc...>>>
Iran's Apr-Jun steel products consumption rises 20%, outpaces production Jul 24,2017
Iran consumed 5.19 million mt of finished steel products in the first three months of the current Iranian year (to June 21), up 20% year on year and 323,000 mt more than it produced, the Iranian Steel Producers Association said this week. The country's steelmakers and re-rollers produced 4.87 million mt of finished steel products in the three-mo...>>>
Russia's Kolmar offering new hard coking coal with Deni Creek brand Jul 24,2017
Russian met coal producer Kolmar Coal Mining Company plans to introduce a new coking coal with its Deni Creek brand mined in South Yakutia, General Director of KLS AG Anna Tsivileva said. The first trial shipment of 15,000 mt will be loaded in July, to be delivered to China. Deni Creek is a Russian low-volatile HCC with the specifications 21-...>>>
Brazilian hydrous ethanol prices surge on gasoline, ethanol tax hikes Jul 24,2017
Brazilian hydrous ex-mill prices surged Friday after the government raised taxes on gasoline and ethanol. Hydrous prices rose early in the day with trades reported taking place between Real 1,700-1,720/cu m, compared with Real 1,660/cu m on Thursday. "I think there is space for prices to rise even further," a broker said. Overall activity ...>>>
100 Spot Commodities Price Chart - 21/07/2017 Jul 24,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,29 commodities increased in prices, 30 fell and 40 remained unchanged on 21/07/2017.The largest rises were PREORIENTEDYARN (1.20%),PA6 (1.01%),Iron ore (1.01%),while the largest falls ...>>>
China's June alumina imports fall 54% on year to 70,000 mt, exports drop 85% Jul 25,2017
China's imports of alumina, or aluminum oxide, stood at 70,000 mt in June, down 54.2% year on year, according to General Administration of Customs data released Sunday. June imports were half that recorded in May. Over January-June, China's alumina imports totaled 1.39 million mt, down 17.3% year on year. Meanwhile, China exported 3,112 mt...>>>
Americas: The week ahead in petrochemicals, w/c July 24 Jul 25,2017
Spot ethylene this month has been hovering near levels seen from Q4 2015 to Q1 2016, according to S&P Global Platts data. US OLEFINS With ethylene prices near 15-month lows, buying interest began to pick up late last week as the market prepares for the upcoming wave of derivative startups, sources said. The startup of LyondellBasell subsidi...>>>
Europe: The week ahead in petrochemicals, w/c July 24 Jul 25,2017
The cause of the sudden tightness in material supply of ethylene and propylene was not immediately clear last week, but some participants speculated it was a function of a number of European crackers not running at full rates and the start of the turnaround season in August. OLEFINS "There are inquires but no cargo," a source said Friday. "I ...>>>
Asia: The week in petrochemicals, w/c July 24 Jul 25,2017
Sentiment in the Asian petrochemical market was largely seen bullish this week due to healthy demand from downstream users. Prices for most petrochemicals rose last week on shorter supply due to sudden outages, although the affected plants have since returned to normal production. One of those outages was at South Korea's Hanwha Total Petroch...>>>
Brazilian iron ore miner Samarco restart not till end-2018: report Jul 25,2017
Brazilian iron ore pellet producer Samarco's return to operations has been delayed until late 2018, after the company confirmed approval and reconstruction processes at the mine complex would not be completed this year, newswire Agencia Estadao reported Monday. Samarco did not provide a specific date for resumption, and at best, operations may o...>>>
Iran Mobarakeh Steel sees no threat from EU minimum import price Jul 25,2017
The European Commission's proposal to introduce a minimum import price for hot rolled coil is not a threat to Iran's Mobarakeh Steel Co, Chilanonline, a website of the Iranian Steel Producers Association Sunday quoted MSC managing director Bahram Sobhani as saying. Noting that the outcome of the dumping investigation has not yet been finalized, ...>>>
Copper COMEX positions up 12% on week to five-month high: CFTC Jul 25,2017
Net long copper positions on US commodities exchange COMEX increased 12% to 74,143 contracts in the week ended July 18, its highest level since February, Commodity Futures Trading Commission data showed Monday. It was the third increase in four weeks for bullish money mangers' positions, up 45% since the end of June, in line with a rise in coppe...>>>