Chemical News
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Inpex's Australian Ichthys LNG starts gas production Jul 30,2018
Singapore — Japan's Inpex has commenced production of gas from the wellhead at its Australian Ichthys LNG project, after the completion of final safety verifications, and remains on track for first LNG production by the end of September, the company said in a statement Monday. The facility, which is set to become Australia's largest condensate p...>>>
Crude oil futures largely stable as markets await fresh cues Jul 30,2018
Singapore — Crude oil futures were stable to marginally higher during mid-morning trade in Asia Monday, as the market awaits fresh fundamental drivers to provide price direction while supply side side concerns continue to impact sentiment, sources said. At 10:40 am Singapore time (0240 GMT), ICE September Brent crude futures were unchanged from ...>>>
Harvest of Brazil's second corn crop advances to 49% of total: AgRural Jul 30,2018
Santos, Brazil — Brazilian corn farmers have harvested 49% of the second crop of the 2017-18 season as of Thursday, a 13-percentage point jump from the week earlier, consultant AgRural said Friday. The harvest rate, however, is 63% below the year-ago date and 55% under the 5-year average, said AgRural in its weekly report. "Dry weather and a fo...>>>
Nova Scotia Power seeks up to 280,000 mt of thermal coal Jul 30,2018
Houston — Nova Scotia Power on Friday requested proposals for three different supply contracts for mid sulfur coal deliveries starting in the second half of 2018, for 2019 and 2020. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up The Halifax, Nova Scotia-based utility is seeking up ...>>>
100 Spot Commodities Price Chart - 27/07/2018 Jul 30,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,30 commodities increased in prices, 12 fell and 58 remained unchanged on 27/07/2018.The largest rises were Benzene (3.95%),Potassium chloride (3.76%),Nickel (0.97%),while the largest f...>>>
Asian petrochemicals outlook, w/c Jul 30 Jul 31,2018
Singapore —Supply-demand imbalances and the weakening yuan mark the week ahead for Asian petrochemicals. Supply is expected to be tight for paraxylene, benzene and propylene and this is likely to support prices. Meanwhile, operating rates of benzene and propylene plants are high while that for ethylene units are lower. After hitting a near four-...>>>
Oil prices inch up amid concerns about trade disputes, geopolitical tensions Jul 31,2018
The oil prices had a slight uptrend movement in the week ending July 27. The price of the West Texas Intermediate (WTI) contract prices for September and Brent contract prices for September delivery increased by 0.6 percent and 1.7 percent, respectively. At the end of the week, WTI settled at 68.69 U.S. dollars and Brent settled at 74.29 dollars. ...>>>
Oil prices slip after OPEC output rise Jul 31,2018
TOKYO (Reuters) - Oil prices slipped on Tuesday after a report showed that OPEC production reached a 2018 high in the month of July, although the losses were limited as concerns about supply lingered. September Brent crude futures fell 7 cents to $74.90 a barrel by 0109 GMT after rising 68 cents, or 0.9 percent, on Tuesday. U.S. West Texas In...>>>
Solar panel glut is muting effect of Trump tariffs: SunPower Jul 31,2018
(Reuters) - A steep global decline in the price of solar modules in recent weeks is nearly offsetting the effect of the Trump administration’s 30 percent tariff on imported panels, the chief executive of a major U.S. solar company said on Monday. While the price drop is trimming the profit margins of manufacturers, it is welcome news for purchas...>>>
Oil rises on tight supply outlook Jul 31,2018
NEW YORK (Reuters) - Oil prices rose on Monday, with U.S. crude futures jumping more than 2 percent, as traders continued to focus on supply disruptions and a possible hit to crude output from U.S. sanctions on Iran. October Brent crude futures LCOV8, the most actively traded contract, settled at $75.55 a barrel, up 79 cents. The September Brent...>>>
OPEC July oil output hits 2018 peak, but outages weigh: Reuters survey Jul 31,2018
LONDON (Reuters) - OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found, although losses from Iran and Libya limited the increase. The Organization of the Petroleum Exporting Countries has pumped 32.64 million barrels per day ...>>>
Japan data: LPG stocks as of end-June fall 7% on month to 1.37 mil mt Jul 31,2018
Singapore — Japan's LPG stocks at the end of June fell 7.1% month on month to 1.368 million mt, as imports rose, data released Monday by the Japan LP Gas Association showed. Propane stocks fell 10.1% month on month to 871,000 mt, while butane stocks shed 1.2% to 497,000 mt. Japan's import terminal running stocks -- supplies that refiners or imp...>>>
Ukrainian corn hits 6-week high st $185.25/mt tracking wheat prices Jul 31,2018
London — Ukrainian corn hit a six-week high of $185.25/mt Monday, as assessed by S&P Global Platts, tracking global wheat prices. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up Global wheat prices, especially in the Black Sea and Europe, have climbed rapidly over the last few weeks...>>>
Corpus Christi positioning itself to be prime port for US energy exports Jul 31,2018
Chicago — The amount of US soybeans inspected for export in the week ended July 26 was at 740,323 mt, up 1.67% week on week compared with the 728,139 mt inspected in the previous week, Department of Agriculture data showed Monday. The current inspection is 50.02% higher than the 493,492 mt in the year-ago week, according to the USDA's weekly Fed...>>>
Ukraine coal stocks at power plants drops 16.1% to 1.3 million mt: ministry Jul 31,2018
Kiev — Coal stocks at Ukraine's power plants fell 16.1% month on month to 1.3 million mt as of July 30, the energy and coal industry ministry reported Monday. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up Reserves of thermal coal, which is widely used at the country's thermal powe...>>>
China's share in global gas consumption rises Aug 01,2018
Driven by government's environmental policies encouraging coal-to-gas switching,China contributed 32.6 percent of global gas consumption growth in 2017, becoming the single biggest factor fueling global gas consumption, according to new data released in Jinan, capital city of Shandong province, by the oil company BP in its latest Statistical Review...>>>
Iran's non-oil exports up by 14.7 pct in 4 months: report Aug 01,2018
TEHRAN, July 28 (Xinhua) -- Iran exported 15.45 billion U.S. dollars of non-oil products during the four-month period from March 21 to July 22, registering 14.69 percent rise compared to the same period last year, Tehran Times daily reported on Saturday. Major exported items included gas condensate valued at 1.86 billion dollars, liquefied propane...>>>
PNM to spend $2.7 bil on capital projects through 2022 Aug 01,2018
Houston — Leaders of PNM Resources, parent of utilities in New Mexico and Texas, on Tuesday outlined a $2.7 billion capital spending plan, including about $393 million to replace the capacity of the coal-fired San Juan Generating Station upon its proposed retirement in 2022. PNM Resources in July 2017 filed an integrated resource plan (IRP) with...>>>
First Quantum posts rise in Q2 copper output, braces for power cuts in Zambia Aug 01,2018
Louisville, Kentucky — Canada's First Quantum Minerals saw an increase in copper output in the second quarter and is now bracing for a month-long power supply reduction at its Kansanshi and Sentinel copper mines in Zambia, CEO Clive Newall said Tuesday. Newall also told analysts during a conference call that a brief strike by contract workers at...>>>
US August benzene contract settles at 288 cents/gal, up 4 cents Aug 01,2018
Houston — US August benzene contract prices were heard settled this week at 288 cents/gal, marking a 4-cent increase from July's settlement of 284 cents/gal, sources said Tuesday. Prompt spot benzene rose as the month ended, closing Monday at 295 cents/gal DDP USG. The spot price averaged 286.66 cents/gal in July, according to S&P Global Platts dat...>>>