Chemical News
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Mexico's SENER natural gas projects demand to increase Apr 10,2018
Mexico's Energy Secretariat (SENER) forecast in its third annual update of its five-year plan for the country's natural gas infrastructure that Mexico has a potential additional demand of 265 MMcf/d by 2022. In addition to this potential demand, SENER forecasts gas demand on the SISTRANGAS system to be 5.7 Bcf/d in 2022 and for non-SISTRANGAS sy...>>>
Washington state receives rare Japanese gasoline cargo amid local refinery turnarounds Apr 10,2018
A Japanese gasoline cargo recently arrived in Anacortes, Washington, the first time such a shipment has arrived in the state since at least summer 2015, when S&P Global Platts Analytics started compiling US Customs data of such imports. US West Coast market sources Monday chalked up this atypical journey to seasonal repair work underway at Pacif...>>>
100 Spot Commodities Price Chart - 09/04/2018 Apr 10,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,43 commodities increased in prices, 38 fell and 19 remained unchanged on 09/04/2018.The largest rises were Hydrochloric acid (8.93%),Soybean meal (6.91%),Ethylene glycol (2.23%),while ...>>>
US-China trade feud may impact Brazilian ethanol market: UNICA Apr 11,2018
Brazilian industry group UNICA on Monday said Brazil could become the destination for excess US ethanol exports generated amid a trade feud between the US and China, which could result in market disruption for the South American country, Brasil Agro reported. UNICA CEO Eduardo Leao de Sousa said the US exports 4 billion liters of ethanol annuall...>>>
Private exporters sell 120,000 mt of US soybeans to Argentina: USDA Apr 11,2018
Private exporters on Monday reported selling 120,000 mt of US soybeans for the next marketing year, which begins September 1, for delivery to Argentina, the US Department of Agriculture said Tuesday. This was an unusual export sale as Argentina is the world's third largest producer of soybeans, behind just Brazil and US, and is the world's leadi...>>>
Sanctions on Russia's Rusal could reduce US caustic soda exports: sources Apr 11,2018
New US sanctions on Russian companies could further erode export demand for US caustic soda already affected by a Brazilian alumina refinery forced to run at half its capacity as regulators investigate possible river contamination, sources said Monday. A dozen Russian companies that face US sanctions imposed last week include United Company Rusa...>>>
South African, Colombia thermal coals compete for weak Indian spot demand Apr 11,2018
Colombia origin thermal coal is increasingly being sought by traders and end-users in India to compete with South African origin coal, which has been rallying in price for several weeks now. With the increased interest for Colombian coal in India, sellers of South African 5,500 kcal/kg NAR coal were being pressured to increase their discounts fr...>>>
Shrugging off tariffs, US solar industry looks for a path toward future growth Apr 11,2018
The US solar power industry is digesting the impacts of recently enacted tariffs on imported panels, watching how rate structures evolve as utilities interact with regulators and looking for ways to innovate through energy storage and more efficient deal making, industry participants said Tuesday. On January 22 the Office of the US Trade Represe...>>>
US EIA sees natural gas production breaking records even as it trims back forecast Apr 11,2018
US dry natural gas production is on pace to break records in 2018 and 2019, the US Energy Information Administration said in its April short-term energy outlook, even as the agency trimmed its natural gas production estimates for the second quarter and full year 2018. EIA also sees US natural gas consumption rising over the next two years, with ...>>>
Iranian aim to end gasoline imports a blow for Asian refineries Apr 11,2018
Iran is on track to end gasoline imports by the end of the year in a potential blow to refiners in India and East Asia. Iran hopes to end gasoline imports this year Indian and Asian refiners largest suppliers Plans hinge on Gulf Star Refinery ramp up The country's oil minister Bijan Zanganeh said this week higher domestic production from it...>>>
Lack of regulatory coordination puts Mexican petroleum projects at risk: CRE Apr 11,2018
Mexican energy regulators are struggling to coordinate with local and state governments, putting the development of petroleum projects at risk, Luis Pineda, a commissioner with Mexico's Energy Regulatory Commission (CRE), said Tuesday. Some companies have found obstacles at the state and local level due to right of way and land use permits, Pine...>>>
European far curve power tracks coal; Cal-19 baseload up at Eur37.35/MWh Apr 11,2018
European far curve power rose Tuesday morning as European coal opened strongly with the German Cal-19 baseload contract edging up to a new high of Eur37.35/MWh before coming off later in trading. German Cal-19 temporarily at Eur37.35/MWh Front-year coal opens strong, eases to $79.10/mt Spot eases on plant availability, more wind As coal pri...>>>
Paraffin, nitrogen, STS, US naphtha issues to dominate 27th OSN meeting in Japan Apr 11,2018
Paraffin content, mercury testing method and nitrogen are some of the issues that will be discussed at this year's 27th Open Specification Naphtha meeting in Fukuoka, Japan, on Thursday and Friday, according to a meeting documentation obtained by S&P Global Platts this week. The annual meeting will see petrochemical producers, naphtha traders an...>>>
China's coastal coal freights continue to fall in week to Apr 10 Apr 12,2018
Freight rates for shipping coal from northern Qinhuangdao port to Zhangjiagang, Shanghai and Guangzhou in eastern and southern China continued to fall in the week to Tuesday, port operator Qinhuangdao Port said Tuesday. The freight rate from Qinhuangdao to Zhangjiagang in eastern Jiangsu province for 20,000-30,000 mt capacity vessels fell Yuan 1...>>>
Merkel seeks clarity on Nord Stream 2 threat to Ukraine gas transit Apr 12,2018
German Chancellor Angela Merkel does not want to see Russia's planned 55 Bcm/year Nord Stream 2 natural gas link to Germany taking away all of Ukraine's Russian gas transit revenues, she told reporters in Berlin Tuesday. "It cannot be the case that Nord Steam 2 means that Ukraine no longer has any significance in transiting [Russian] gas," Merke...>>>
European April PS, ABS demand slow amid higher than expected styrene CP Apr 12,2018
European demand for polystyrene and acrylonitrile butadiene styrene has been slow in April amid a higher than expected April styrene contract price, according to sources. The April styrene contract was fully settled at Eur1,325/mt ($1,640/mt), down Eur125/mt. While the monthly decline was sizeable, the industry had expected a larger price fall i...>>>
Aluminum associations urge G20 to hold forum on excess capacity Apr 12,2018
A group of aluminum associations from different countries Tuesday urged the G20 to introduce a global forum to study excess aluminum capacity. Aluminum associations in the US, EU, Canada, Mexico, Japan and Brazil called on the G20 to organize the summit in a joint letter to G20 foreign ministers and officials. "We are concerned about the unsu...>>>
US trade action must target China, exclude allies: Aluminum Association Apr 12,2018
US trade measures must target China while excluding key American allies, representatives of the Aluminum Association said Wednesday. Chinese overcapacity is the major issue plaguing the US primary aluminum industry, executives said on a call with reporters. The US imposed a 10% tariff on all aluminum imports March 23. Select countries have be...>>>
Rusal's US contract customers can receive aluminum until June 5: attorney Apr 12,2018
US customers of Rusal with a contract with the Russian aluminum producer pre-dating April 6 can continue to receive product until June 5, Cortney Morgan, a Washington-based partner in the law firm Husch Blackwell, told S&P Global Platts on Wednesday. Morgan noted, however, that there are issues around payment terms. "Payments must be made to a [...>>>
US crude stocks build as exports fall, output rises Apr 12,2018
US crude stocks saw a larger-than-expected build last week as exports fell sharply, and domestic production topped 10.5 million b/d, Energy Information Administration data showed Wednesday. Crude exports fall 970,000 b/d Cushing builds fifth straight week Distillates draw, gasoline builds Crude stocks rose 3.306 million barrels to 428...>>>