Chemical News
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Brazilian export chief hails China's opening up drive, eyeing Chinese market Jul 23,2018
BRASILIA - China's reform and opening-up drive over the past four decades has been "extremely successful," the president of Brazilian Trade and Investment Promotion Agency (Apex-Brasil) said. "The process beginning in 1978 has been fundamental to the commercial, economic and industrial modernization of China. In 40 years it gave rise to a strong...>>>
Oil prices continues downtrend as response to pressures Jul 23,2018
HOUSTON, July 22 (Xinhua) -- The oil prices continued their downtrend in the week ending July 20. The West Texas Intermediate (WTI) contract prices for September and Brent contract prices declined by 1.4 percent and 3.0 percent, respectively. At end of the week, WTI settled at 70.46 U.S. dollars and Brent settled at 73.07 dollars. Oil prices start...>>>
British parliament committee appeals to ban fur in fashion trade Jul 23,2018
LONDON, July 22 (Xinhua) -- A call for a complete ban on real fur being used in Britain's clothing industry was made Sunday by a group of politicians in a House of Commons report. The Environment, Food and Rural Affairs committee made its call following an investigation which revealed some garments labelled as using fake fur were actually made wit...>>>
Increased tariffs to damage global GDP: IMF managing director Jul 23,2018
BUENOS AIRES, July 22 (Xinhua) -- Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has reiterated the risks that protectionist trade policies will have negative impacts on world economy. During a Saturday press conference here in the Argentine capital, Lagarde noted recent global Gross Domestic Product (GDP) forecasts...>>>
China's benchmark power coal price edges down Jul 23,2018
BEIJING, July 21 (Xinhua) -- China's benchmark power coal price decreased slightly from a week ago due to government efforts to ensure sufficient supply and a slowing coal consumption. The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in northern China's major ports, stood at 569 yuan (around 84 U.S. dollars) per tonne in the past week,...>>>
Across China: Pig farmers reduce soybean pulp consumption amid trade dispute Jul 23,2018
ZHENGZHOU, July 19 (Xinhua) -- Pig farmers in central China's Henan Province are reducing soybean pulp consumption in response to its rising price amid trade conflicts between China and the United States. Ye Chuanlin is in charge of a company that specializes in producing pig feed in Henan, known for its large-scale pig industry. In recent years,...>>>
BEIJING (Reuters) - China’s Commerce Ministry said on Monday it has launched an anti-dumping probe into imports of stainless s... Jul 23,2018
The move follows a complaint by Shanxi Taigang Stainless Steel (000825.SZ), with backing from four other mills including Baosteel’s stainless steel division, it said. China imported 703,000 tonnes of those products in 2017, up almost 200 percent from a year earlier, with 98 percent coming from the regions targeted by the investigation. The ra...>>>
Oil prices mixed as G20 warns of risks to growth Jul 23,2018
TOKYO (Reuters) - Oil prices were mixed on Monday as finance ministers and central bank governors from the G20 warned that risks to global growth have increased with rising trade and geopolitical tensions among other vulnerabilities. Brent crude LCOc1 was up 2 cents at $73.09 a barrel by 0037 GMT, having ended up 49 cents on Friday. U.S. West Te...>>>
Tariffs removal not needed for E.U., U.S. talks: European Council representative Jul 23,2018
BUENOS AIRES (Reuters) - The United States’ removal of tariffs on steel and aluminum imports is not a necessary precondition for trade talks between the United States and the European Union to begin, the European Council representative to the G20 Hubert Fuchs said on Sunday. That ran against French Finance Minister Bruno Le Maire’s comments on t...>>>
100 Spot Commodities Price Chart - 20/07/2018 Jul 23,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,21 commodities increased in prices, 23 fell and 56 remained unchanged on 20/07/2018.The largest rises were Chloroform (1.99%),Styrene (1.19%),DRAWTEXTUREDYARN (1.05%),while the largest...>>>
Retail fuel prices to fall Jul 24,2018
China will lower the retail prices of gasoline and diesel from Tuesday, the National Reform and Development Commission, the country's top economic planner, said. Beijing standard (VI) 92-octane gasoline and 95-octane gasoline will be priced at 7.38 yuan ($1.09) per liter and 7.86 yuan per liter, respectively, after the adjustment, down 0.10 yua...>>>
China probes $1.3b of stainless steel imports Jul 24,2018
China on Monday launched an anti-dumping probe into stainless steel imports worth $1.3 billion, including from a privately-owned Chinese mill with operations offshore, after complaints that a flood of products has damaged the local industry. The Chinese Ministry of Commerce (MOFCOM) said on Monday that the investigation will target imports of st...>>>
Chinese steel futures rise after Tangshan curbs kick in Jul 24,2018
China's steel futures rose on Monday and were headed for a third session of gains in four on concerns of tight supply, as the top steelmaking city of Tangshan in North China's Hebei Province started six weeks of further production cuts. Tangshan has ordered mills to deepen output cuts from July 20 until August 31. The government did not instr...>>>
Egypt raises gas prices by up to 75 pct to promote economic reform Jul 24,2018
CAIRO, July 21 (Xinhua) -- Egypt on Saturday increased the prices of natural gas by up to 75 percent, official news agency MENA reported. The move aims to meet an International Monetary Fund (IMF) loan deal and push the implementation of economic reform plans, the report said. Egyptian Prime Minister Mostafa Madbouli issued the decision to raise ...>>>
Oil prices fall as oversupply concerns weigh Jul 24,2018
TOKYO (Reuters) - Oil prices extended losses on Tuesday as attention shifted to the risk of oversupply, with market participants shrugging off escalating tensions between the United States and Iran. Brent crude oil was down 10 cents, or 0.14 percent, at $72.96 a barrel by 0037 GMT, after settling down 1 cent on Monday. U.S. crude was down 9 cent...>>>
Japan's factory growth slowest in over one-and-a-half years, new orders weaken: flash PMI Jul 24,2018
TOKYO (Reuters) - Japanese manufacturing activity expanded at the slowest pace in over 1-1/2 years in July, a preliminary private survey showed on Tuesday, in a worrying sign an intensifying global trade war is starting to put the brakes on major exporting economies. The flash Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) fel...>>>
Crude pulls back as focus returns to oversupply Jul 24,2018
NEW YORK (Reuters) - Oil prices edged lower on Monday as the focus turned to oversupply worries, moving away from escalating tensions between the U.S. and Iran, which had driven prices higher early in the session. Brent crude oil LCOc1 settled down 1 cent at $73.06 a barrel. U.S. crude CLc1 was down 37 cents at $67.89 a barrel, down from a sessi...>>>
Exclusive: General Electric's power unit faces threat in Saudi Arabia Jul 24,2018
NEW YORK and ABU DHABI (Reuters) - One of General Electric Co’s (GE.N) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. State-controlled Saudi Electricity Co 5110.SE has qualified at least two companies to provide servi...>>>
China probes stainless steel imports from Indonesia, EU, Japan, South Korea Jul 24,2018
BEIJING (Reuters) - China began an anti-dumping investigation on Monday into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints of damage to the local industry. The Commerce Ministry said the investigation will target imports of stainless steel billet and hot-rolle...>>>
Brazilian soybean association raises 2018 export forecast to 73.5 mil mt Jul 24,2018
Houston — Brazil is now expected to export a record 73.5 million mt of soybeans in the 2018 calendar year, industry association Abiove said Monday, up 1.94% from its forecast of 72.1 million mt issued in May. Abiove, which represents large trading houses and crushers like ADM, Bunge, Cargill and Louis Dreyfus, also increased its crop forecast fo...>>>