Chemical News
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Indonesian coal miners to increase 2018 production: ministry Sep 27,2018
London — A group of Indonesian thermal coal miners have agreed to increase production for 2018 to around 507 million mt, a spokesman for the Indonesian Ministry of Energy and Mineral Resources told S&P Global Platts Wednesday. Thirty-two coal producing companies had proposed the increase from the previous target of 485 million mt, the spokesman ...>>>
Brent/WTI spread widens to $9.81/b after US crude oil inventory build Sep 27,2018
New York — The ICE Brent/WTI spread widened during mid-morning trading as a steep decline in refinery utilization weighed on US crude oil futures. Total US refinery capacity dropped by 5 percentage points to 90.4% during the week ended 21 September, according to US Energy Information Administration data. The decline in refinery runs exceeded ana...>>>
100 Spot Commodities Price Chart - 26/09/2018 Sep 27,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 26 fell and 43 remained unchanged on 26/09/2018.The largest rises were Sulfuric acid (2.55%),DME(2.24%),Acetic acid (2.05%),while the largest falls ...>>>
Japan's August flat steel port stocks edge up 1% on month to 174,000 mt Sep 28,2018
Tokyo — Stocks of imported plates, hot rolled coils and cold rolled coils at Japan's key ports of Tokyo and Osaka rose 1.2% month on month to 174,000 mt at end August, data released late Wednesday by Japanese trader Hanwa Co showed. A Hanwa official in charge of port data said arrivals of imported flat were slow in the month but deliveries from ...>>>
Crude oil futures rise on Trump comments, shrugs off US stock build Sep 28,2018
Singapore — Crude oil futures were higher during mid-morning trade in Asia Thursday, despite a build in US crude inventories, as focus remained on the impact of sanctions on Iran after US President Donald Trump said he expects full compliance by US allies. At 10:15 am Singapore time (0215 GMT), ICE November Brent crude futures were up 89 cents/b...>>>
Malaysian benchmark crude oil premiums touch 4-year high on tight supply Sep 28,2018
Singapore — Malaysian benchmark crude oil differentials rose to 4-year highs on Thursday, as traded premiums for November-loading cargoes edged sharply higher on the month on tight supply and robust refining margins. Kimanis crude was assessed at a premium of $5.25/b to Platts Dated Brent on September 26, reflecting traded premiums heard for Nov...>>>
Asian ethylene-naphtha spread narrows, but remains above last week's 1-year low Sep 28,2018
Singapore — The Asian ethylene-naphtha spread narrowed again this week as naphtha prices firmed while ethylene prices remained stable, but remained above the one year-low hit last week. The spread was assessed at $586.75/mt Wednesday, down $6.23/mt day on day, but still $36.62/mt above the one year-low hit the previous Wednesday. The spread hit...>>>
South Korea's Iranian crude imports tumble in August but more US barrels arrive Sep 28,2018
Singapore — South Korea's crude oil imports from Iran tumbled in August with the November deadline for US sanctions on Tehran approaching fast, while shipments from the US and Algeria rose sharply as Seoul continues to seek alternative sources, industry officials said Thursday. Asia's fourth-biggest energy consumer has imported 2 million barrels...>>>
Australia's Santos aims to more than double production to 100 mil boe/year by 2025 Sep 28,2018
Singapore — Australia-based petroleum producer and LNG exporter Santos plans to almost double its current production level to more than 100 million barrels of oil equivalent by 2025, helped by its acquisition of Quadrant Energy including the Dorado oil discovery, and higher output from three LNG projects it has interests in, the company said Wednes...>>>
India approves 5 mil mt of sugar exports with subsidy for 2018-2019 season Sep 28,2018
Singapore — The Indian government on Wednesday announced 5 million mt of mandated sugar exports for the 2018-19 (October-September) season. To aid the exports, the government announced a Rupee 139/mt ($1.9/mt) of sugarcane production subsidy along with a three tier transportation subsidy. The export subsidy for 5 million mt of sugar exports work...>>>
Gibraltar bunker operations in Aug at lowest since March: Port Authority Sep 28,2018
London — The number of bunkering operations at the Mediterranean hub of Gibraltar fell to 463 in August, the lowest since March and down from 504 in July, according to data from the Gibraltar Port Authority. Tight product availability -- an issue through out the summer, with limited supplies of HSFO in the Mediterranean -- combined with spells o...>>>
Brazilian Blend fines spread to Pilbara Blend iron ore fines narrows on increased usage of PBF Sep 28,2018
Singapore — Improved alumina content in Rio Tinto's flagship 61% Fe Pilbara Blend iron ore fines has seen its discount to Vale's 63% Fe Brazilian Blend fines narrow, sources said Thursday. Market sources said that trend was likely to continue as an easing of production restrictions in Hebei was boosting demand for Australian fines. S&P Global P...>>>
Platts Japan Q4 aluminum premium assessed at $103/mt plus LME, CIF Sep 28,2018
Tokyo — S&P Global Platts on Friday assessed the premium for imported primary aluminum in the fourth quarter at $103/mt plus London Metal Exchange cash, CIF main Japanese ports, down 22% from the Q3 premium. The Q4 assessment was on the basis of 10 settlements reported at $103/mt plus LME cash for the shipping month, CIF Japan, for seaborne P102...>>>
US becomes No. 2 scrap aluminum exporter to Thailand after China curbs Sep 29,2018
Tokyo — The US has become the second-largest exporter of scrap aluminum to Thailand in recent months as it searches for alternative buyers outside of China, market sources said Friday. Scrap exports to China from the US, Japan and other countries have fallen dramatically since the Chinese government imposed curbs on low-grade scrap imports earli...>>>
Crude oil futures stable to higher on looming supply concerns Sep 29,2018
Singapore — Crude oil futures were stable to higher in mid-morning trade in Asia Friday as market participants continued to focus on the impact of the looming loss of crude barrels due to the reimposition of US sanctions on Iran. At 11:15 am Singapore time (0315 GMT), ICE November Brent crude futures were unchanged from Wednesday's settle at $81...>>>
Q3 wrap: Asian jet fuel/kerosene differential falls on post-summer slump Sep 29,2018
Singapore — The Asian jet fuel/kerosene spot market was boosted by record high travel demand in the US during the summer, and cash differentials were in positive territory. The market soon fell into a lull in September with the end of the US peak summer season, a closed arbitrage window to the US, and weak Asian demand. FOB Singapore jet fuel/ke...>>>
Italy gas power tariffs rise for Q4 on bullish wholesale prices Sep 29,2018
Barcelona — Italian consumers' power tariffs will increase nearly 8% for Q4 and gas tariffs will increase 6%, the regulator ARERA said, adding that it had frozen part of the tariff to prevent greater increases. Italy's power, gas and water regulator, Autorita di Regolazione per Energia Reti e Ambiente (ARERA), said late Thursday it will increase...>>>
Crude oil futures test $82/b mark on continuing bullish sentiment; ICE Brent up at $81.95/b, NYMEX WTI $72.10/b Sep 29,2018
London — Crude oil futures tested the $82/b mark during European morning trading as bullish sentiment continued to gain momentum, as news of US crude inventory builds was overshadowed by a number of weeks of drawdowns in inventories and looming US sanctions on Iran. At 1057 GMT, the November ICE Brent crude futures contract was up 23 cents from ...>>>
NWE Oct propylene contract settled at Eur1,070/mt, up Eur20/mt on month Sep 29,2018
London — The European propylene contract price for October was settled up Eur20 on the month at Eur1,070/mt ($1,239/mt) FD NWE, market sources said Friday. Market participants had expected an increase in the contract price, amid higher upstream feedstock costs, with sources predicting a Eur15-20 rise on the month. Steam cracker maintenance was ...>>>
US September propylene CPs' 1-cent decline accepted by majority of market Sep 29,2018
Houston — US September propylene contract prices showing a 1-cent decrease compared with August were accepted by a marketwide majority, sources said Friday. The decline is in line with most initial settlements from a week earlier. The 1-cent decline took the September polymer-grade propylene contract price down to 60 cents/lb ($1,323/mt) and the...>>>