Chemical News
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100 Spot Commodities Price Chart - 23/07/2018 Jul 25,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,32 commodities increased in prices, 15 fell and 53 remained unchanged on 23/07/2018.The largest rises were Chloroform (2.40%),Sulfuric acid (2.16%),Styrene (1.62%),while the largest fa...>>>
China's farm produce prices continue to recover Jul 25,2018
BEIJING, July 24 (Xinhua) -- Prices of farm produce in China continued to recover in the week ending July 22, with a rise in the cost of 30 types of vegetable, according to the Ministry of Commerce on Tuesday. The price index for farm produce edged up 0.6 percent in the past week, following a 0.8 percent gain the previous week, while the index for...>>>
Demand in China, India, Africa key to global energy market: EIA Jul 25,2018
HOUSTON, July 24 (Xinhua) -- Energy consumption in China, India and African countries is projected to grow faster than the rest of the world through 2040, and changes in these economies have significant implications for the global energy markets, the U.S. Energy Information Administration (EIA) reported on Tuesday. According to the International E...>>>
EU preparing counter-tariffs on $20 billion of U.S. goods: commissioner to paper Jul 25,2018
STOCKHOLM (Reuters) - The European Union Commission is preparing to introduce tariffs on $20 billion of U.S. goods if Washington imposes trade levies on imports of cars, EU trade commissioner Cecilia Malmstrom told Swedish daily Dagens Nyheter on Wednesday. “We hope that it doesn’t come to that and that we can a solution. If not, the EU Commissi...>>>
Fear factor: China steel exporters delay shipments, giving space to rivals Jul 25,2018
MANILA/BEIJING (Reuters) - Tight checks by Chinese customs officials to halt the smuggling of scrap steel to Southeast Asia have forced some exporters to cancel or delay shipments, benefiting rivals like Russia that are prowling for market share amid a raging Sino-U.S. trade war. Among those that have canceled or delayed cargoes are Chinese expo...>>>
Crude oil futures higher on expected US stock draw, Iran sanctions Jul 25,2018
Singapore — Crude oil futures were higher during mid-morning trade in Asia Wednesday amid expectations of a fall in US crude stocks and as sentiment continued to be swayed by the likely impact of US sanctions on Iranian oil. At 10:30 am Singapore time (0230 GMT), ICE September Brent crude futures were up 46 cents/b (0.63%) from Tuesday's settle ...>>>
Japanese secondary aluminum smelters keen to import US twitch scrap Jul 25,2018
Tokyo — Japanese secondary aluminum smelters are looking into US twitch scrap supplies as prices of Zorba, the twitch raw material, plunged on the back of falling demand in China, Japanese traders said Wednesday. Chinese demand for US Zorba scrap, also known as mixed metal, fell following the imposition of a 25% import tariff last April. At fir...>>>
Interview: Singapore's Royal Marine Group upbeat on growth post 2020 Jul 25,2018
Singapore — Demand for bunker surveying services in Singapore may have dropped since the city-port mandated the use of mass flow meters for bunker deliveries a year ago. But the International Maritime Organization's move to cut sulfur in marine fuels to 0.5% in 2020 could increase demand for bunker surveyors in the city-port, and possibly at ports ...>>>
China's H1 gold production falls 8% on year to 190 mt; demand remains stable Jul 25,2018
Hong Kong — The world's biggest gold producer and consumer China produced 190.28 mt (6.12 million oz) of gold in the first half of 2018, down 7.9% from a year earlier, according to statistics released by the China Gold Association on Tuesday. Mined gold accounted for 84.9% of China's H1 gold output at 161.62 mt, down 9.4% on the year. The remai...>>>
Singapore ex-wharf 380 CST bunker premium hits 3-month high on strong cargo market Jul 25,2018
Singapore — The Singapore ex-wharf 380 CST bunker premium hit a three-month high at the Asian close Tuesday, led by firm fundamentals in the high sulfur fuel oil cargo market, trade sources said this week. The ex-wharf premium to Mean of Platts Singapore 380 CST high sulfur fuel oil assessments rose $1.29/mt day on day to $11.15/mt Tuesday. Ex-w...>>>
China's Jiutai to startup coal-based polymer units end-2018 Jul 25,2018
Singapore — China's Jiutai Energy plans to startup its new 250,000 mt/year coal-based high density polyethylene/linear low density unit and 350,000 mt/year polypropylene unit in Ordos, Inner Mongolia, at the end of 2018, a source close to the company said Wednesday. Stay up to date with the latest commodity content. Sign up for our free daily Co...>>>
Shanghai rebar prices rise for 3rd day on demand hopes, pollution crackdown Jul 26,2018
China's construction steel rebar prices gained for a third consecutive session on Wednesday, amid expectations of higher demand and lower supplies following the country's crackdown on pollution. The most active rebar on the Shanghai Futures Exchange gained 0.37 percent to 4,017 yuan ($592.18) a ton during the afternoon trading session. On Tue...>>>
Steel sector making good progress in pollution control, say experts Jul 26,2018
The iron and steel sector has made commendable progress in its efforts to reduce pollution, notwithstanding the obstacles and challenges, experts said. "Environmental protection in the iron and steel industry has made positive progress in the past decade, and emissions of pollutants such as sulfur dioxide and particulate matters from per metric ...>>>
Chinese demand drives Australian wine exports to record high Jul 26,2018
CANBERRA - Australian wine exports have hit a new record high with China remaining the most lucrative market. According to Wine Australia data the total value of exports rose 20 percent in financial year 2017-18 to A$2.76 billion ($2.05 billion) while the total volume of wine exported rose 10 percent to 852 million liters. Exports to China we...>>>
Profits of Chinese steel mills surge in H1 Jul 26,2018
BEIJING, July 25 (Xinhua) -- The combined profits of Chinese steel makers surged in the first half of 2018 on strong demand, industry association data showed Wednesday. In the first half, profits of about 380 steel makers stood at 139.27 billion yuan (about 20.5 billion U.S. dollars), up 151.15 percent year on year, according to the China Iron and...>>>
U.S. crude oil inventories report much higher draw in week ending July 20: EIA Jul 26,2018
HOUSTON, July 25 (Xinhua) -- U.S. crude oil inventories decreased in the week ending July 20, the U.S. Energy Information Administration (EIA) said in a report on Wednesday. According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 6.15 million barrels i...>>>
Oil gains as U.S. crude stocks fall to lowest since Feb. 2015 Jul 26,2018
NEW YORK (Reuters) - Oil prices rose for the second consecutive day on Wednesday after U.S. government data showed domestic crude inventories fell to their lowest since February 2015, easing worries about oversupply that have weighed on markets in recent weeks. Brent crude futures rose 49 cents to settle at $73.93 a barrel, a 0.67 percent gain. ...>>>
100 Spot Commodities Price Chart - 24/07/2018 Jul 26,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 22 fell and 47 remained unchanged on 24/07/2018.The largest rises were Ethylene oxide (2.07%),Acetic acid (1.47%),PTA (1.16%),while the largest fall...>>>
Francisco resumes production at Indiana mine after methane-related idling Jul 26,2018
Louisville, Kentucky — Production resumed Wednesday at Peabody Energy's Francisco mine in Gibson County, Indiana, less than two days after the mine was evacuated after a pocket of methane gas was encountered. Charlene Murdock, spokeswoman for the St. Louis-based coal company, told S&P Global Platts in an email that "the abatement efforts at Fran...>>>
EIA says propylene stocks rise, refinery run rates fall Jul 26,2018
Houston — US stocks of propylene for non-fuel use rose 184,000 barrels to 2.716 million barrels in the week that ended July 20, Energy Information Administration data showed on Wednesday. Inventories totaled 106,000 barrels above year-ago levels, the EIA data showed. US refinery run rates fell 0.5 percentage point to 93.8% in the week ended July...>>>