Chemical News
-
AAA says US gasoline prices rise to highest August average since 2014 Aug 07,2018
Houston — The national US price of gasoline at the pump reached $2.87/gal in the first week of August, the highest the average has been in the month of August since 2014, according to a blog the AAA automotive group posted Monday. According to AAA, US gasoline prices in the first week of August rose 1 cent/gal compared with the last week of July...>>>
US corn inspected for export down 22.5% on week: USDA Aug 07,2018
Chicago — The amount of US corn inspected for export in the week ended August 3 was at 1.288 million mt, 22.5% lower week on week compared with 1.662 million mt inspected in the previous week, Department of Agriculture data showed Monday. The amount of corn inspected was 31.54% higher than the 979,006 mt in the year-ago week, according to the US...>>>
US gasoline exports to Australia hit multiyear high in May amid Asia turnarounds Aug 07,2018
Houston — US gasoline exports to Australia in May hit multi-year high amid Asia turnarounds US gasoline exports to Australia in May hit their highest monthly level in more than a decade, according to the Energy Information Administration, and an S&P Global Platts analysis Monday found this occurred during major refinery turnarounds in Asia, whic...>>>
US methanol exports set all-time high in June, while imports at 2 year lows: US ITC Aug 07,2018
Houston — US methanol exports rose to their highest level recorded in June as imports hit two-year lows, federal trade data released Monday showed. US methanol exports reached 199,086 mt in June, up 69% from 117,475 mt in May and 79% higher than the 111,181 mt from June 2017, US International Trade Commission figures showed. The export total mar...>>>
Americas petrochemicals outlook, w/c Aug 6 Aug 07,2018
US OLEFINS Houston — All three US propane dehydrodenation units are expected to be up and running this week, which may push propylene prices lower. Sources said downtime at two PDH units belonging to Enterprise Products Partners and Flint Hills Resources last week should be short-lived. Although both units are expected to be back online this week,...>>>
South Africa June thermal coal exports up 2.5% on the month, H1 flat Aug 07,2018
London — South African thermal coal exports for the month of June totaled 6.2 million mt, an increase of 2.5% from May but down 8% on the year, with the total volume for the first half of 2018 largely unchanged on the year at 38.4 million mt, according to customs data released Monday. India remained the dominant importer of South African coal, w...>>>
100 Spot Commodities Price Chart - 06/08/2018 Aug 07,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,53 commodities increased in prices, 19 fell and 28 remained unchanged on 06/08/2018.The largest rises were Acetone (6.63%),PREORIENTEDYARN (4.52%),Nitric acid (4.37%),while the largest...>>>
Crude oil futures stable ahead of US stocks data, Iran sanctions Aug 07,2018
Singapore — Crude oil futures were largely stable in mid-morning trade in Asia Tuesday as supply-side indicators and geopolitical tensions kept a lid on volatility while inventors awaited fresh fundamental cues from weekly US inventory data. At 10:40 am Singapore time (0240 GMT), ICE October Brent crude futures were up 12 cents/b (0.16%) from Mo...>>>
Sinopec to build 55.6 Bcm natural gas storage in northern China Aug 08,2018
Singapore — State-owned China Petroleum and Chemical Corp, or Sinopec, is building natural gas storage facilities with a total capacity of 55.6 billion cu m in the northern Henan province, to ease supply bottlenecks in peak winter season, the company said on its website Monday. China is set to become the world's largest gas importer within two t...>>>
Clean tankers load Brazilian gasoline for export amid ethanol competition Aug 08,2018
Houston — Several clean products tankers were seen on subjects in Brazil to load gasoline cargoes in August, as increased domestic competition with ethanol led to a surplus of gasoline stocks, sources said. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up "Our cars here work with gas...>>>
US EIA sees steady 2018 ethanol production, adjusts blending Aug 08,2018
Houston — The US Energy Information Administration on Tuesday adjusted its forecast for US ethanol blending with gasoline in the remainder of 2018 in its August Short-Term Energy Outlook but left the production forecast unchanged. The outlook showed blending ticked higher in July than originally forecast, which bumped the forecast average for th...>>>
US steel sheet prices soften as mills offer more aggressive deals Aug 08,2018
Pittsburgh — US flat-rolled steel prices edged lower Tuesday as some mills were heard to be offering hot-rolled coil under $900/st. The daily Platts TSI US hot-rolled coil assessment was calculated at $902.50/st Tuesday, down 50 cents from Monday, while the daily Platts TSI US cold-rolled coil assessment was calculated at $1,008.75/st, down $3.5...>>>
Return of US sanctions on Iran boost crude futures Aug 08,2018
New York — Crude futures settled higher Tuesday on the return of US sanctions on Iran. October ICE Brent settled 90 cents higher at $74.65/b, while September NYMEX crude settled 16 cents higher at $69.17/b. US sanctions on Iran have officially restarted -- including on the purchase of US bank notes, gold, and other commercial goods -- although ...>>>
NYMEX September gas rises as warmer weather intensifies supply concerns Aug 08,2018
Houston — The NYMEX September natural gas futures contract increased Tuesday 3.7 cents to settle at $2.897/MMBtu as the market picks up strength amid expected warm weather and supply concerns. The front-month contract traded Tuesday between $2.857/MMBtu and $2.900/MMBtu. Even though power burn and production backed off from recent levels, the m...>>>
Alcoa seeking rolling slab tariff exemption on limited US supply Aug 08,2018
Washington — Alcoa is seeking exemptions from US tariffs on rolling slab of certain alloys due to the lack of domestic supply, a company spokesman said Tuesday. Alcoa on Monday filed an exclusion request for slab with the US Commerce Department, arguing that not enough is produced domestically to meet demand. "Canada's exemption expired at the ...>>>
US Hampton Roads coal exports fall to six-month low in July Aug 08,2018
Coal exports out of the terminals in the Hampton Roads region in Virginia were at a six-month low 3.43 million st in July, down 3.6% from 3.56 million st in June and the lowest since 2.911 million st in January, Virginia Maritime Association data showed Tuesday. However, the latest month was up 23.8% from 2.77 million st a year ago and the highest...>>>
Brent to average $71.74/b in 2018, $70.58/b in 2019: EIA Aug 08,2018
Washington — Higher oil production from OPEC and Russia in July will likely push Brent prices toward $70/b by the end of the year as the market appears to be fairly balanced in the coming months, the US Energy Information Administration said Tuesday. EIA sees Brent prices averaging $71.74/b in 2018 and $70.58/b in 2019. It expects WTI prices to ...>>>
German steel prices expected to see price push: Platts survey Aug 08,2018
London — German steel distributors and mills expect steel prices to move up in August, while inventories are expected to stay mostly stable, according to S&P Global Platts' monthly steel sentiment survey. The index for price movements edged up significantly from 68.2 in July to 73.1 this month (50 denotes stability). Whereas mills and the tradi...>>>
100 Spot Commodities Price Chart - 07/08/2018 Aug 08,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,40 commodities increased in prices, 15 fell and 45 remained unchanged on 07/08/2018.The largest rises were Methanol (3.20%),Nickel (2.24%),Ethylene oxide (2.07%),while the largest fall...>>>
China data: Jul crude imports at 8.5 mil b/d, up 1.5% from 6-month low in Jun Aug 09,2018
Singapore — China's crude oil imports in July rose 1.5% to 8.52 million b/d from a six-month low of 8.39 million b/d recorded in June, preliminary data from the General Administration of Customs showed Wednesday. Stay up to date with the latest commodity content. Sign up for our free daily Commodities Bulletin. Sign Up GAC releases data in m...>>>