Chemical News
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Natural gas prices in Mexico fall 14% in March to new low of $3.88/MMBtu Apr 24,2018
Natural gas prices across Mexico decreased by 14.4% in March from February levels to $3.88/MMBtu (Peso 68.85/GJ), the lowest level for the index since the country's Energy Regulatory Commission (CRE) began tracking prices in July 2017. The country's gas prices peaked at $4.55/MMbtu (Peso 80.45 MMbtu) in February. The index is composed of monthly...>>>
Offshore gas project near Hainan starts operations Nov 27,2020
CNOOC: Dongfang 13-2 to meet energy demands of 1m people for 15 years The Dongfang 13-2 gas fields project, China's largest offshore high-temperature and high-pressure gas fields project, has been put into operation, its operator China National Offshore Oil Corp said on Wednesday. With an annual gas output of more than ...>>>
'Air Silk Road' boosts trade cooperation Nov 27,2020
New aviation routes bring more products to and from Europe, helping rejuvenate commerce amid the COVID-19 pandemic BRUSSELS-China's Singles Day, which falls on Nov 11 each year, is the world's biggest 24-hour online shopping event. On that day, visitors to Belgian e-commerce website facealacrise.be were invited to explore a myriad ...>>>
China's Fujian Gulei to startup 600,000 mt/year ethylbenzene-based styrene monomer plant in 2020 Apr 25,2018
China's Fujian Gulei Petrochemical plans to startup a new 600,000 mt/year ethylbenzene-based styrene monomer plant at Zhangzhou city in 2020, US-based technology provider Badger Licensing said late Monday. The SM plant will be part of the Gulei Refining Integrated Project, an integrated refinery and petrochemical complex, Badger said in a state...>>>
Sweden to add 2.5 GW onshore wind in 2018-19 as project costs drop: industry lobby SWEA Apr 25,2018
Swedish wind developers are forecast to add 2.5 GW of new onshore wind capacity this year and next bringing total installed capacity above 9 GW, according to the Swedish wind lobby group SWEA's quarterly report. The group forecasts 815 MW for 2018, rising to 1.7 GW next year. Some 2.6 GW of projects are currently under construction with anoth...>>>
UK power generation runs without coal for record 72 hours and counting Apr 25,2018
UK power generation has set a new record by running without coal generation for a 72-hour period and counting, National Grid said Tuesday. "Britain has clocked up over 72 consecutive hours without the need for coal-powered generation," a National Grid spokesman said. "The record comes just days after the first ever two-day period where power gen...>>>
First-quarter Powder River Basin coal production down 6.2%: MSHA Apr 25,2018
Powder River Basin coal production totaled 78.2 million st in the first quarter, down 6.2% from fourth quarter of 2017 and 6.8% from the year-ago quarter, US Mine Safety and Health Administration data shows. Quarterly production has been sliding due to availability of cheap natural gas fueling a considerable amount of coal-to-gas switching and i...>>>
Moody's downgrades Murray Energy, outlook remains stable Apr 25,2018
Moody's Investors Service downgraded its ratings for privately held Murray Energy, citing higher risks to the US coal miner's credit and liquidity due to the recent Chapter 11 bankruptcy filing by a major customer, but maintained a stable outlook for Murray. FirstEnergy Solutions, a merchant generator and owner of the coal-fired Bruce Mansfield ...>>>
Flows of LPG from US Gulf Coast to NWE in May expected to rise from April Apr 25,2018
Flows of LPG from the US Gulf Coast to Northwest Europe are expected to rise in May, with three VLGCs and one Handysize vessel expected to arrive in the first week of the month alone, according to data from S&P Global Platts trade flow software cFlow. The 49,999 dwt Yushan is expected to arrive on May 1 into Flushing, in the Netherlands from Hou...>>>
EU, France should not be subject to US metals tariffs: Macron Apr 25,2018
Overcapacity in the global steel and aluminum markets is not the result of excess production in France or the EU, and those countries should be permanently exempt from the US' metals tariffs, French President Emmanuel Macron said Tuesday. "Overcapacity does not come from Europe or France," Macron said speaking at a joint press conference with US...>>>
China Iron and Steel Association members' Apr 1-10 crude steel output rises 5% Apr 25,2018
Crude steel output at mills operated by China Iron & Steel Association member companies over April 1-10 averaged 1.876 million mt/day, up 5.04% from the 10 days prior, according to CISA Monday. This is versus a drop of 0.07% over March 21-31 compared to 10 days earlier. The daily average over the first 10 days of April was also 1.56% higher t...>>>
About 5% of intended US corn acreage planted, below market estimates: sources Apr 25,2018
A total of 5% of the intended US corn acreage had been planted through Sunday, the Department of Agriculture said in its weekly crop progress report after Monday's market close. This level was 11 percentage points below the five-year average for this week and 10 percentage points below planting at the same time last year. The data showed the ...>>>
Brazil's Center-South region H1 April cane for sugar mix seen at 28.5%, the lowest in 10 years: Platts survey Apr 25,2018
The proportion of sugarcane that was directed to making sugar in Brazil's key Center-South region in the first half of April is expected to come in at 28.5%, an S&P Global Platts survey of analysts found Tuesday. This would be down 10.3 percentage points on the year and the lowest percentage used for sugar in the H1 April period since the 2008-0...>>>
100 Spot Commodities Price Chart - 25/04/2018 Apr 25,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,19 commodities increased in prices, 20 fell and 61 remained unchanged on 25/04/2018.The largest rises were Chloroform (3.42%),Acetone (2.53%),Maleic anhydride (1.32%),while the largest...>>>
Chinese March DDGS imports rise 252.5% on month, fall 85.6% on year: customs data Apr 26,2018
Chinese imports of dried distillers grains rose 252.5% month on month to 12,894 mt in March from 3,657 mt in February, Chinese Customs Information Center data showed Wednesday. March's imports had a total value of $2.775 million, according to the customs agency data, up 231.7% from $836,584 in February. Imports fell 85.6% by volume and 82.1% ...>>>
Molybdenum oxide prices nudge higher, Europe leads the way Apr 26,2018
Molybdenum oxide prices nudged higher again Wednesday, predominantly on European business, although activity was relatively slow. "It has been pretty quiet on our end," said one seller, who concluded an oxide powder business at $12.35/lb in Busan. "People want to buy at $12.20 and sell at $12.50, which doesn't fly," said one European trader, ...>>>
European styrene May contract price expectations revised following recent spot strength Apr 26,2018
Expectations for the European May styrene contract price have been revised again following strength in the spot market, according to market sources. At the beginning of April, market sources anticipated a large fall in the May styrene contract price. Sources said that the April styrene contract price was settled higher than expected and there...>>>
US spot ethylene hits record low of 13.50 cents/lb on supply length Apr 26,2018
US spot ethylene hit a record low Wednesday, assessed at 13.25-13.75 cents/lb FD USG, amid a glut in supply. Prompt-month ethylene was heard traded at 13.5 cents/lb Mont Belvieu-Nova basis by the close of the assessment. The market opened the day traded at 14.25 cents/lb MtB-Nova. The assessment is the lowest since S&P Global Platts began ass...>>>
US Western bituminous coal production down 10.9% in the first quarter: MSHA Apr 26,2018
US Western bituminous coal production in the first quarter totaled 15 million st, down 10.9% from Q4 2017 and 7.4% from the year-ago quarter, Mine Safety and Health Administration data shows. The downward production trend from the Western bituminous coal producing states, which include Arizona, Colorado, New Mexico, Utah, Montana and Wyoming, is...>>>
European hydro glut keeps spring power prices low, squeezing generation margins Apr 26,2018
A sharp rebound for hydro levels on the Continent this spring is keeping European power prices low despite strong gains for generating fuels gas and coal and a rally for EUA carbon allowances, S&P Global Platts analysis shows. Spanish hydro stocks have fully recovered from last year's drought and are now above the 10-year average at 15 TWh with ...>>>