Chemical News
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Polish H1 coal exports total 1.5 mil mt, down 28%: Weglokoks Jul 25,2017
Polish thermal and coking coal exports on both land and sea totaled 1.5 million mt in the first half, down 28% year on year, data from state-controlled coal exporter Weglokoks showed. The country exported 1.1 million mt of thermal coal from January to June, down 38.9%, with the biggest drop in seaborne thermal coal exports, down 73.4% to 303,500...>>>
Union Pacific coal volumes climb on domestic, seaborne demand Jul 25,2017
Union Pacific coal volumes continued to top year-ago counts in the second quarter, with increased domestic and export thermal demand driving improvements, according to company officials. The railroad reported Thursday that coal volumes increased 4.9 million st from the same quarter last year to 33.5 million st. Powder River Basin tonnage increas...>>>
South32's thermal coal output falls 8% on year in fiscal 2016-17 Jul 25,2017
Miner South32's production of thermal coal from its Australian and South African assets fell 8% year on year to 30.29 million mt in fiscal 2016-2017 fiscal (July-June), the company said Thursday. In the April-June quarter, its thermal coal production was 7.72 million mt, down 4% year on year and 8% quarter on quarter. Its production from Aust...>>>
100 Spot Commodities Price Chart - 24/07/2017 Jul 25,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 26 fell and 42 remained unchanged on 24/07/2017.The largest rises were PA (3.32%),Acetic acid (2.05%),Dysprosium oxide (1.65%),while the largest fal...>>>
China imports 5.79 mil mt of coking coal in June, steady on year Jul 26,2017
China's coking coal imports in June at 5.79 million mt were little changed on the year, while recovering from a drop in volumes in May, according to customs data. Mongolia was the largest source of imports in June, with 2.6 million mt, followed by Australia with 2.22 million mt. The two sources switching around compared to June 2016 when Austral...>>>
July US acetone contracts rise 0.50 cent to 40.50 cents/lb Jul 26,2017
US acetone contract prices for July rose 0.50 cent from June's mark to settle at 40.50 cents/lb, sources said. The settlement was in line with market expectations, which called for a roughly flat settlement due to little movement in pricing because of stable fundamentals. Supply was more balanced with demand now because of consumers performin...>>>
Saudi domestic crude oil demand to rise with new petrochemicals units Jul 26,2017
The startup of new petrochemicals units in Saudi Arabia should push the kingdom's domestic crude oil demand to 2.9 million b/d by the end of the year, up 100,000 b/d from 2016, Riyadh-based Jadwa Investments said in a research note Tuesday. New power plants are due to come online later this year, and new petrochemical units at the expanded Petro...>>>
Vietnam's $5.4-bil Long Son petrochemicals project delayed on financing issue Jul 26,2017
The proposed $5.4-billion Long Son petrochemicals project in southern Vietnam is currently delayed due to a financing problem, state-owned PetroVietnam's general director Nguyen Vu Truong Son told a working group of the central government in a meeting on July 19, a recording of it was obtained by S&P Global Platts. PetroVietnam holds 29% stake i...>>>
Argentina still putting pressure on steelmakers to drop prices: market sources Jul 26,2017
Argentina's government is continuing to pressure local steelmakers to drop their prices in order to help to control the country's inflation and help consumption, market sources said Tuesday. The government wants steel prices to fall to be more competitive, as domestic prices run about 30% higher than those in the international market, sources sa...>>>
Norway's Hydro sees balanced global aluminum market in 2017 Jul 26,2017
The global aluminum market is expected to be largely balanced this year, Norwegian producer Norsk Hydro said Tuesday. "We see a global primary aluminium deficit in the quarter. This is driven by increasing deficit outside China. For the full year, we are maintaining our 4-6% annual aluminium demand growth outlook for 2017 and expect a largely ba...>>>
S&P downgrades Hongqiao, cites heightened corporate governance risks Jul 26,2017
S&P Global Ratings downgraded its long-term corporate credit rating on China Hongqiao Group on Monday, citing heightened corporate governance risks. The Chinese aluminum group is the world's largest aluminum producer. It has yet to publish its 2016 annual report, and has not responded to fraud allegations that surfaced in February about accounti...>>>
EU biodiesel anti-dumping duty cut could move demand from ethanol: sources Jul 26,2017
Ethanol producers are watching the European Commission's decision on anti-dumping duties on Indonesian and Argentinian biodiesel imports into the EU closely as any reduction could make biodiesel more competitive against ethanol in Europe, market sources said. Should the anti-dumping duties be scaled back on Thursday, when the EC decision is due,...>>>
Malaysia, Indonesia July 1-25 PME shipments surge on month to 71,100 mt Jul 26,2017
Indonesia and Malaysia shipped 71,100 mt of PME to Europe in the period July 1-25, nearly treble the 24,000 mt shipped out during June 1-25, cargo surveyor ITS showed said Tuesday. Of the total, 51,100 mt loaded at the Malaysian ports of Port Klang and Pasir Gudang, all of it bound for Europe. The remaining 20,000 mt loaded in Indonesia and was ...>>>
Analysis: Singapore bunker fuel market likely to be steady to weak in Q3 Jul 26,2017
Singapore bunker fuel suppliers are not optimistic about the outlook for sales in the third quarter with demand shifting to East Asian ports. A number of them said that July sales were likely be only marginally higher from June, and they were not too positive about August and September either. Traders estimated that more than 1 million mt of ...>>>
100 Spot Commodities Price Chart - 25/07/2017 Jul 26,2017
It was assessed by SunSirs that in the tracked 100 spot commodities,33 commodities increased in prices, 28 fell and 38 remained unchanged on 25/07/2017.The largest rises were Polysilicon (2.82%),Nickel (1.82%),Aluminum (1.23%),while the largest falls w...>>>
China cuts surplus aluminum smelting capacity in H1: ministry Jul 27,2017
China has made great strides in easing surplus output capacity in the domestic aluminum and steel smelting sectors in the first half of this year, the Ministry of Industry and Information Technology said on its website Wednesday. As of end-June, China completely banned the poor quality land steel operations, while in the first five months of thi...>>>
Surging US blend values could support demand for toluene, MX as octane boosters Jul 27,2017
US toluene and mixed xylene blend values have surged to start the week, gaining nearly 19 cents/gal Tuesday to be estimated at 209.39 and 210.25 cents/gal, respectively. Blend values for both products were at their highest level since June 2, when the respective estimates were at 209.76 and 210.72 cents/gal, according to S&P Global Platts data. ...>>>
August European butadiene contract price settled at Eur750/mt Jul 27,2017
The Northwest European butadiene contract price for August has been settled at Eur750/mt ($873/mt), a fall of Eur75/mt, industry sources said Wednesday. The settlement was confirmed by a consumer and two producer parties. European butadiene spot prices were flat this week ahead of the approaching holiday season, with a number of market partic...>>>
Peruvian flats service center Comasa sees Q2 profits plunge Jul 27,2017
Comercial del Acero (Comasa), Peru's largest flat steel service center chain, saw its profits plunge in the second quarter but kept net sales similar year on year, according to quarterly earnings reports released Wednesday. The flat steel-focused service center's Q2 profits plunged 43.2% to Nuevo Sol 7.5 million ($2.3 million) from Nuevo Sol 13....>>>
Felman says will not declare force majeure while US silicomanganese plant idled Jul 27,2017
US silicomanganese producer Felman Production will not declare force majeure while its 105,000 mt/year plant in New Haven, West Virginia, is idled, a company spokesman said Wednesday. There had been speculation that Felman might have to notify its suppliers and customers about a temporary disruption in shipments and receivables after a transform...>>>