Chemical News
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Argentina eyes raising biofuel blends on lower agriculture commodity prices Aug 03,2018
Argentina is considering hiking biofuel blends in diesel and gasoline as low agriculture commodity prices make them competitive at a time of high crude prices, creating the possibility of reduced prices at the pump, Energy Minister Javier Iguacel said Wednesday. Stay up to date with the latest commodity content. Sign up for our free daily Commod...>>>
Shougang Hierro Peru to double its iron ore production: ministry Aug 03,2018
Sao Paulo — Shougang Hierro Peru foresees doubling its iron ore production to 20 million mt/year following the startup of a processing plant, Peru's mining ministry said Thursday. Company investments in the processing plant totaled $1.1 billion, the ministry said in a statement. The timing of the startup of the plant was not provided. The produ...>>>
US orthoxylene CP unchanged for third straight month in August: sources Aug 03,2018
Houston — The US orthoxylene August contract price settled at 44 cents/lb ($970/mt), flat to the July contract price and unchanged for a third straight month, sources said Thursday. One source had anticipated a possible decrease in orthoxylene contract prices this month. However, continued uncertainty in the paraxylene market "is the reason for ...>>>
European styrene surges to two-month high amid 'production issue' Aug 03,2018
London — European styrene spot prices soared to a two-month high Thursday, according to S&P Global Platts data, on the back of a production issue. The 5-30 day forward styrene spot price was assessed at $1,371/mt FOB ARA Thursday, up $53/mt day on day, and a two-month high. Sources said there was a production issue though no details could be fu...>>>
NYMEX September natural gas futures rise to $2.825/MMBtu after EIA announces lower-than-expected build Aug 03,2018
Houston — The NYMEX September natural gas futures price jumped Thursday after a lower-than-expected storage build was announced by the US Energy Information Administration for the fourth consecutive week. As of 11:33 am EDT (1533 GMT), the NYMEX front-month contract was trading 6.7 cents higher at $2.825/MMBtu. September has traded in a range be...>>>
UK Apr 2017-Apr 2018 biofuel supplies up 5.2% to 1.621 billion liters on year: RTFO Aug 03,2018
London — UK renewable fuel supplies from April 15, 2017, to April 14, 2018, totalled 1.621 billion liters, a rise of 5.2% on the year, according to the latest Renewable Transport Fuel Obligation (RTFO) statistics released Thursday by the UK Department for Transport. Biodiesel supplied in the UK over this period totalled 802 million liters, up 11...>>>
German spot power prices highest since December 2017 on extreme heat Aug 03,2018
London — The German spot power price settled at Eur59.48/MWh (base) and Eur64.83/MWh (peak) on EPEX, the highest since December 2017, on extremely hot weather and low wind generation. Spot prices have now climbed for the seventh consecutive week, and traders don't see the potential for a reversal in the immediate future. "I see the market eas...>>>
China adds US LNG to list of products for potential 25% import tariff Aug 06,2018
Houston —China rattled investors in the US LNG export sector when it said Friday it may impose 25% tariffs on American cargoes if President Donald Trump follows through on his threat to escalate the trade dispute with Beijing that he initiated. Chinese demand figures to underpin a substantial chunk of the expected US export capacity growth over ...>>>
US new vehicle sales fall 4% in July amid lack of discounts, tariff concerns Aug 06,2018
Louisville, Kentucky — US auto sales fell 3.7% to 16.8 million units on an annualized basis in July as a lack of industry discounts and tariff concerns weighed on consumer demand, according to analysts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Most major automakers reported l...>>>
Brazil slab export prices rise on ending quota, heated market Aug 06,2018
Sao Paulo — Brazilian slab export spot prices rose in the week that ended Friday, still pressured by concerns on the imminent exhaustion of the import quota into the US and higher level pricing in the European market. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up Multiples sources...>>>
Brazilian ethanol imports surge in July, NNE prices plunge Aug 06,2018
Sao Paulo — Brazilian ethanol imports recovered in July, surging to 142.45 million liters from 68.77 million liters in June, and were also 93% higher year on year, Secretariat of Foreign Trade data showed Friday. Imports in the first seven months of 2018 totaled 1.36 billion liters, down 0.45% year on year, the data show. Almost the entire volu...>>>
US coal exports again move higher in June: Census data Aug 06,2018
Houston — US coal exports totaled 9.2 million mt in June, up 5.1% from May and up 38.6% from the year-ago month, according to US Census data out Friday. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up Relatively high seaborne prices for both metallurgical and thermal coal, in additi...>>>
Crude oil falls on higher OPEC supply, US-China trade spat Aug 06,2018
New York — Crude futures fell Friday on rising OPEC and Russian output and concerns that a trade dispute between the US and China will affect demand. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up October ICE Brent settled 24 cents lower at $73.21/b, while September NYMEX crude set...>>>
NYMEX September gas rises second straight day as storage concerns grow Aug 06,2018
Houston — NYMEX September natural gas futures rose 3.7 cents Friday to settle at $2.853/MMBtu, with the market finding support as supply concerns become more imminent going into winter. The front-month contract traded between $2.814/MMBtu and $2.862/MMBtu Friday. US dry gas production is expected to fall 100 MMcf day on day to 79.9 Bcf Friday, ...>>>
Styrolution raises acrylonitrile butadiene styrene August prices by Eur30/mt in Europe Aug 06,2018
London — Styrolution has increased its acrylonitrile butadiene styrene August prices by Eur30/mt ($34.50/mt) in Europe, according to a price announcement on its website. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up Outright price levels were not given. This follows a bullish mov...>>>
China to continue aluminum output cuts in winter 2018-19; SHFE prices climb Aug 06,2018
Hong Kong — China is to continue output cuts in the domestic aluminum sector during the coming winter heating season (November 15-March 15), in line with its targets for energy savings and emissions cut, the Ministry of Industry and Information Technology said on its website Friday. The aluminum and alumina sectors will both be required to cut 3...>>>
100 Spot Commodities Price Chart - 03/08/2018 Aug 06,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,35 commodities increased in prices, 11 fell and 54 remained unchanged on 03/08/2018.The largest rises were PTA (3.77%),PREORIENTEDYARN (2.98%),DRAWTEXTUREDYARN (2.03%),while the larges...>>>
China hikes import duty on US undenatured ethanol by 25% to 65% Aug 07,2018
Singapore — China's Ministry of Commerce announced a 25% duty hike on US-origin undenatured ethanol last Friday, in retaliation to US increasing import tariffs from 10% to 25% on around $200 billion worth of Chinese goods on August 1. The higher import duties on undenatured ethanol, which already had a 40% tax, was part of a wider retaliation wh...>>>
US hot-dipped galvanized sheet prices move lower Aug 07,2018
Pittsburgh — Hot-dipped galvanized sheet prices have moved lower in the US as mills have stepped away from higher-priced offers, according to market feedback. The weekly Platts TSI US HDG price assessment was calculated at $1,094.75/st Monday, down $10.50/st on week. The price includes a G90 coating weight extra. Buyers reported that HDG substr...>>>
Moly oxide eases further as profit-taking continues Aug 07,2018
Houston — US Western coal production totaled 14.6 million st in the second quarter, down 2.4% from the first quarter and down 12.4% from the year-ago quarter, Mine Safety and Health Administration data released through Monday showed. This was the lowest production level since a total of 13.7 million st in Q2 2016. Combined Q1 and Q2 production ...>>>