Chemical News
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100 Spot Commodities Price Chart - 20/09/2018 Sep 21,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,24 commodities increased in prices, 22 fell and 54 remained unchanged on 20/09/2018.The largest rises were Zinc (1.50%),Tin ingot (1.37%),Acetic acid (1.13%),while the largest falls we...>>>
APPEC analysis: Asia may find Middle East crude supply remaining tight in 2019 Sep 25,2018
Singapore — Major Middle Eastern crude producers could revive their market share in Asia as the OPEC/non-OPEC output cut agreement officially ends later this year, but Asian refiners may end up paying higher prices as overall Persian Gulf supplies are expected to remain tight because of uncertainties surrounding Iran, industry executives and trade ...>>>
Supply concerns push oil settles higher Sep 25,2018
New York — The oil complex settled higher Monday as the market digested supply concerns in the wake of a meeting between key OPEC leaders and their allies Sunday. NYMEX November WTI settled up $1.30/b at $72.08/b and ICE November Brent closed $2.40/b higher at $81.20. OPEC and its non-OPEC partners gathered in Algiers over the weekend for a mee...>>>
Venezuela's Ferrominera halts mine operations on workers strike: sources Sep 25,2018
Sao Paulo — Venezuela's sole iron ore producer Ferrominera Orinoco put mine operations on hold at the end of last week as a result of a workers strike, market sources said Monday. The strike began Thursday and is currently ongoing, according to sources. The reason for the strike is wage discussion. FMO has not responded to requests for comment....>>>
NYMEX October gas futures jump 6.1 cents on expectation of cold front in early October Sep 25,2018
Houston — The NYMEX October gas futures contract jumped 6.1 cents and settled at $3.038/MMBtu Monday on expectation of a demand spike in early October. The front-month contract traded between $2.951/MMBtu and $3.044/MMBtu. "There has been an expectation of a cold front coming in early October," said David Thompson, executive vice president at P...>>>
CS Brazil H1 September sugarcane crush seen down 13% on year: survey Sep 25,2018
Sao Paulo — The amount of sugarcane crushed in the first half of September in Brazil's key Center-South region is expected to be 39.56 million mt, down 13% year on year and 8.7% lower than the previous two-week period, an S&P Global Platts survey of analysts found Monday. Industry association UNICA will release its official production figures fo...>>>
US launches effort to combat North Korea petroleum trade: State Sep 25,2018
Washington — The US has deployed aircraft and surface vessels to "detect and disrupt" illicit ship-to-ship transfers to North Korean tankers in the East China Sea, Heather Nauert, a State Department spokeswoman, said. In a statement Saturday, Nauert said the US was working with Japan, Australia, New Zealand, Canada, France and the UK on a coordi...>>>
Rollback of methane rules expected to buoy US marginal wells Sep 25,2018
Washington — When WTI spot oil prices crashed below $30/b in early 2016, Columbus Oil sold off every well not within an hour drive of the company's headquarters in Seminole, Oklahoma because long drives were cutting into operating costs. The cost of transporting natural gas to pipelines had also risen, so the company sold off its gas wells too. ...>>>
German 385 MW Arkona offshore wind farm feeds first power Sep 25,2018
London — Germany's 385 MW Arkona offshore wind farm has supplied the first electricity into the German grid with 44 of the 60 turbines now installed and being put into operation step by step, the project developers said Monday. The Eur1.2 billion ($1.4 billion) project jointly developed by German utility E.ON and Norway's oil major Equinor, is s...>>>
Pace of Russia wheat harvest slows on delays in Siberia, Urals regions: ministry Sep 25,2018
London — The pace of the wheat harvest in Russia is lower year on year as of September 20 after harvesting in the eastern regions of Siberia and the Urals got off to a late start due to delayed sowing and poor weather, the agriculture ministry said. This is in contrast to a month ago when an earlier-than-usual start to harvesting in the south of...>>>
Crude oil futures: Brent crosses $80/b as US-Venezuela tensions intensify Sep 25,2018
Singapore — Crude oil futures were higher by more than $1/b during mid-afternoon trade in Asia Monday, with ICE Brent crude crossing the $80/b mark on intensifying geopolitical tensions between the US and Venezuela, and a marginal fall in the US oil rig count. This came as Saudi Arabia reiterated at the OPEC/non-OPEC monitoring committee meeting...>>>
100 Spot Commodities Price Chart - 24/09/2018 Sep 25,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,2 commodities increased in prices, 1 fell and 97 remained unchanged on 24/09/2018.The largest rises were Acetone (0.41%),Phenol (0.33%),while the largest falls were corrugated paper (-2.23%...>>>
Asian benzene-naphtha spread tumbles on weak benzene demand, firmer naphtha values Sep 27,2018
Singapore — Benzene's premium to feedstock naphtha in Asia has shrunk more than $100/mt over the past six weeks as growing length in the benzene market weighs on prices while naphtha cargo values have firmed on the back of the recent crude oil rally. The spread between FOB Korea benzene marker and CFR Japan naphtha physical benchmark hit a 35-mo...>>>
US, Japan agree to begin bilateral trade talks Sep 27,2018
Pittsburgh — The US and Japan will begin discussions on a bilateral trade deal, the two countries said Wednesday, following a meeting in New York between US President Donald Trump and Japan's Prime Minister Shinzo Abe. "The US and Japan will enter into negotiations, following the completion of necessary domestic procedures, for a US-Japan Trade ...>>>
Mexico's Pemex will import US crude in second-half October: CEO Sep 27,2018
Acapulco — Mexico's state oil company Pemex will import light crude oil from the US in the second half of October, the company's CEO Carlos Trevino told S&P Global Platts on Wednesday. The import of light crude oil will enable Pemex to raise its total crude processing level to 700,000-800,000 b/d in the last months of the year, he said on the si...>>>
As tariffs on US LNG take effect, warnings of long-term consequences Sep 27,2018
Arlington, Virginia — A 10% tariff on US liquefied natural gas is not steep enough to make shipping cargoes to China unprofitable, but it adds an obstacle for the second generation of American terminals, industry observers said. "With the 10% tariff implementation, we are probably not going to see a cessation of US LNG exports to China," said Ma...>>>
Survey calls for below-average US gas storage build Sep 27,2018
Denver — Florence's effects create uncertainty in build Dawn Hub on track to hit record-high level Analysts expect a natural gas storage injection of 61 Bcf to have been made last week, which would push the deficit versus the five-year average back above 600 Bcf as the typically larger builds of the shoulder season are not showing up this year....>>>
US grain rail shipments in September up 18.8% on year: rail group Sep 27,2018
Houston — US rail transportation of grain products for the week ended September 22 totaled 23,297 cars, up 18.8% from the year-ago week, Association of American Railroads data showed Wednesday. Rail transportation of chemical products rose 3.6% year on year to 31,741 cars, the data showed. AAR designates fuel-grade ethanol as a chemical product....>>>
Tampa Electric's August coal burn rises 6.1% on month, 20.3% on year: filing Sep 27,2018
Houston — Tampa Electric's coal burn increased to 169,599 st in August, up 6.1% from 159,839 st in July and 20.3% higher than the 140,924 st consumed in the year-ago month, according to a regulatory filing. However, the utility's monthly burn at its Big Bend coal-fired power plant in Apollo Beach, Florida, and Polk power plant in Bradley, Florid...>>>
Bids for CIS steel billet slip, offers slow to follow Sep 27,2018
London — Bids for steel billets of Commonwealth of Independent States origin are notably lower than offers this week. The market remains unsettled until next week when producers are expected to offer November rolling more actively, market sources said. On Wednesday S&P Global Platts daily billet assessment was $470/mt FOB Black Sea, down $2 fro...>>>