Chemical News
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Chinese steel mills' April ferrochrome tender prices plunge: sources Apr 02,2018
The April ferrochrome tender purchasing price for three major Chinese stainless steel mills -- Baosteel, Tsingshan Holdings and Taiyuan Iron & Steel Co. (Tisco) -- dived Yuan 500/mt month on month, sources said Friday. The purchasing prices for Baosteel, Tsingshan Holdings and Taiyuan Iron & Steel Co. (Tisco) will be Yuan 7,500/mt, Yuan 7,496/mt...>>>
India announces 2 mil mt sugar export quota to bolster domestic prices Apr 02,2018
India's Ministry of Consumer Affairs, Food and Public Distribution Wednesday announced a Minimum Indicative Export Quota or MIEQ of 2 million mt of sugar until the end of the 2017-18 (October-September) season to facilitate the cash flows of mills and bolster domestic prices. The domestic price on the NCDEX in Kolhapur, Maharashtra had fallen 16...>>>
Pennsylvania environmental regulators confront challenges of growing oil, gas industry Apr 02,2018
As the pace of oil and gas development in Pennsylvania has increased in recent years, state environmental regulators have worked to keep up, the state's environmental secretary said in an interview. Despite the growth in activity resulting mostly from natural gas drilling in the shale plays of the Appalachian Basin, the Pennsylvania Department o...>>>
Amid dimming Gulf of Mexico interest, US announces next sale Apr 02,2018
The US Interior Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida for oil and natural gas exploration and development in an August 15 lease sale, the agency's Bureau of Ocean Energy Management said Friday. The sale will include all available unleased areas in federal waters in the Gulf of Mexico...>>>
Rosneft delays Arctic offshore drilling Apr 02,2018
Russia's top crude producer, Rosneft, is in talks with government authorities to delay work at its Arctic offshore projects as it has failed to drill some wells after Western sanctions blocked cooperation with international majors in the region, natural resources minister Sergei Donskoy said Friday. * May involve revision of the Kara Sea license...>>>
January US oil output rises 1.14 mil b/d on year to 9.964 mil b/d: EIA Apr 02,2018
US oil production averaged 9.964 million b/d in January, up nearly 1.14 million b/d compared with January 2017, but about 102,000 b/d below November's record domestic output, the US Energy Information Administration said Friday. US oil output averaged 10.066 million b/d in November, breaking the previous average monthly production record of 10.0...>>>
In first, US Gulf Coast refiners import more crude from Canada than Venezuela: EIA Apr 02,2018
US Gulf Coast refiners in January imported more crude oil from Canada than from Venezuela, a historic first, the US Energy Information Administration said Friday. Gulf Coast refiners imported an average of 448,000 b/d of Canadian crude in January, compared with 438,000 b/d from Venezuela, the EIA said in its Petroleum Supply Monthly report. F...>>>
EPA chief to sign fuel economy determination this weekend: sources Apr 02,2018
US Environmental Protection Agency Administrator Scott Pruitt will sign a final determination by Sunday which will begin a months-long effort to weaken US fuel economy standards and likely set off a legal battle with California and other states, administration and industry sources said Friday. Pruitt's determination will claim that vehicle effic...>>>
100 Spot Commodities Price Chart - 30/03/2018 Apr 02,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,27 commodities increased in prices, 29 fell and 44 remained unchanged on 30/03/2018.The largest rises were Soybean meal (2.62%),Nickel (1.84%),Phenol (1.65%),while the largest falls we...>>>
Chinese ADC12 aluminum offers unaffected by import tariff on US scrap: sources Apr 03,2018
Chinese aluminum producer and Japanese trade sources said Monday trade of secondary aluminum ADC12 alloy, used for automotive components, has not been affected by China imposing a 25% tariff on US scrap imports into China. Major Chinese ADC12 producers will continue to import US scrap for processing trade operation, which is tariff-free in China, s...>>>
Asia: The week ahead in petrochemicals, w/c Apr 2 Apr 03,2018
Asian petrochemical markets were largely subdued this week, as aromatics and olefin products were suppressed by sluggish downstream demand and weak margins. This comes despite gains in major feedstock naphtha prices last week, which rose $11.125/mt last week to $607/mt, driven by healthy fundamentals and buying interest. A widening backwardation fo...>>>
Gains in US toluene erase TDP, MSTDP margins as blend values strengthen Apr 03,2018
Recent gains in US spot toluene prices have pushed disproportionation margins into negative territory and have dented demand from the chemical segment, S&P Global Platts data showed Monday. Prompt-month April toluene prices rose notably the week ended Friday, gaining roughly 13 cents throughout the week to finish Thursday's session at 277 cents...>>>
April benzene contracts settle 7 cents lower at $2.99/gal Apr 03,2018
US April benzene contracts settled 7 cents lower than March at $2.99/gal, or $894/mt, sources said Monday. April's settlement was in line with expectations among market participants that called for a settlement around $3/gal. US benzene activity was considered quiet by industry players on a couple of ongoing production outages that would be ...>>>
Coal India misses FY 2017-18 annual output target by 32.63 million mt Apr 03,2018
State-run Coal India Limited, the country's largest coal producer, has missed its annual output target by 32.63 million mt, after producing 567.37 million mt during the fiscal year to March 2018, the company said in a regulatory filing to the Bombay Stock Exchange Sunday. Output for fiscal year 2017-18 was up 2.4% from the previous year. Tw...>>>
PJM Interconnection to see 630 MW of generation deactivated in April Apr 03,2018
The PJM Interconnection has 630 MW scheduled for deactivation in April as part of the nearly 5,700 MW of generation to be retired across the footprint in 2018, according to grid operator data. Nearly 493 MW of natural gas-fired generation and 138 MW of coal-fired generation is slated to come offline in April. That follows 161 MW of generation al...>>>
NYMEX May gas settles at $2.683/MMBtu, down 5 cents, on record output Apr 03,2018
The NYMEX May natural gas futures contract settled at $2.683/MMBtu, down 5 cents, amid record production following the extended holiday weekend. The price fall in the front-month contract comes as continued strong production, a mixed weather outlook and sinking demand have weighed heavily on prices. Production has continued to be robust thr...>>>
Normal to slightly above-normal hurricane season predicted: AccuWeather Apr 03,2018
After a devastating 2017 hurricane season that had a major impact on US energy production and demand last year, forecasters with AccuWeather are predicting a near normal to slightly above-normal year, with 12 to 15 tropical storms. Of those storms, six to eight are forecast to become hurricanes, with three to five of those forecast to become maj...>>>
US EPA scraps 2022-25 fuel economy standards, may take aim at California Apr 03,2018
The US Environmental Protection Agency Monday formally scrapped the Obama administration's fuel economy standards for 2022-25 model year cars and light trucks, a move that was widely expected and sets up a confrontation with California over its stricter standards. The agency stopped short of revoking California's waiver to set higher standards, ...>>>
US ethanol sector corn consumption falls 8.9% on month: USDA Apr 03,2018
The amount of US corn used for ethanol production in February dropped 8.9% compared with January's total and rose 2.4% compared with the year-ago month, US Department of Agriculture data showed Monday. In its monthly grain crushings and co-product production report, the USDA said 433.622 million bushels of corn was used for ethanol production i...>>>
China's coastal coal freight rates fall in week to April 3 Apr 04,2018
Freight rates for shipping coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China began to fall in the week to April 3, port operator Qinhuangdao Port Tuesday said. The freight rate from Qinhuangdao to Zhangjiagang in eastern China's Jiangsu province for 20,000...>>>