Chemical News
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US wants OPEC spare capacity output, but path forward is complicated Oct 08,2018
The US and OPEC appear to be talking past each other when it comes to the producer bloc's spare output capacity. The two sides don't agree on the definition of the term, let alone how much spare capacity OPEC even has available. The public spat has heightened fears in the market of whether OPEC is willing - or able - to fill the supply gap anti...>>>
US coal exports on track for second highest year behind 2012: Census data Oct 08,2018
Houston — US coal exports totaled 9.1 million mt in August, up 5.5% from July and up 17.3% from the year-ago month, according to US Census data released Friday. Through August, US coal exports total 70.5 million mt, up 29.8% compared with the same period last year, while exports on an annualized basis would total 105.7 million mt, the highest to...>>>
Russian wheat cargo rejected as delays to grow on new plant-health checks: sources Oct 08,2018
London — A coaster carrying wheat for transhipment at the Russian port of Kavkaz was rejected by the Rostov phytosanitary laboratory, sources said, as new, more rigorous plant-health checks become applicable Friday. Delays at shallow water ports, which stand at around a week, have also started to feed into loading programs at ports such as Kavka...>>>
Ukraine Sep sugar exports at 11,102 mt, down 50.5% on month Oct 08,2018
Ukraine exported 11,102 mt of sugar during September, a decrease of 50.48% from August, according to data from the State Fiscal Service of Ukraine. Total sugar exports from January-September 2018 totaled 397,600 mt, down about 10% from the year-ago period, the data showed. Primary destinations for Ukrainian sugar during 2018 include Uzbekistan,...>>>
100 Spot Commodities Price Chart - 05/10/2018 Oct 08,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,0 commodities increased in prices, 0 fell and 100 remained unchanged on 05/10/2018.. CommoditySectors 10-0410-05>>>
China spot alumina holds at Yuan 3,180/mt as market returns Oct 09,2018
Singapore — The Platts China Shanxi daily spot alumina assessment was stable at Yuan 3,180/mt ($461) full cash terms Monday as the market returned from an extended holiday from October 1-7 to celebrate National Day. No trades, bids or offers were reported, as the market eyed clearer direction following output developments at Hydro's Alunorte ref...>>>
IEA lifts renewables forecast for Europe, but China continues to dominate Oct 09,2018
London — Solar power is set to dominate global renewable electricity capacity additions in the five years to 2023 while modern bioenergy "has huge prospects for future growth" in green transport and heat, the International Energy Agency said in its annual renewables report published Monday. Global renewable electricity capacity is forecast to ex...>>>
Asia petrochemicals outlook, w/c Oct 8 Oct 09,2018
Singapore — Activity in the Asian petrochemical market is expected to pick up this week after the week-long National Day holiday in China, with demand set to emerge in some segments due to restocking requirements, market sources said. However there are holidays this week in Japan on Monday and Taiwan on Wednesday, and some participants are absen...>>>
South Korea's energy ministry urges cut in import tariffs on LNG, LPG Oct 09,2018
London — South Korea's Ministry of Trade, Industry and Energy is urging for cutting the import tariff on LNG to zero next year from 2-3% currently to ease consumers' financial burden and boost consumption of the cleaner fuel, a ministry official said Monday. The ministry was urging for a similar cut in LPG import tax to zero in 2019 from 2% this...>>>
Spain's natural gas-for-power tax cut takes Eur5/MWh off CCGT output cost: analysts Oct 09,2018
Barcelona — The elimination of Spain's so-called "green cent" tax on natural gas used in power generation is set to reduce gas plant output costs by around Eur5/MWh ($5.74/MWh), sector analysts said Monday. Removal of the tax, currently levied at Eur2.34/MWh (Eur0.65/gigajoule) of gas consumed, will effectively decrease the output electricity co...>>>
Ukrainian Jan-Sep coal imports down 20% on-year to 15.6 million mt: customs Oct 09,2018
Kiev — Ukraine increased imports of coal, including anthracite, by 20% on the year to 15.64 million mt in January-September from 13.03 million mt a year ago, the state customs service reported Monday. If measured by value, imports of coal increased by 15% to $2.19 billion, compared with $1.9 billion in January-September 2017, according to the cu...>>>
Global warming 1.5 degrees C goal needs 73-97% cut to coal: IPCC Oct 09,2018
London — Limiting global warming to 1.5 degrees Celsius above pre-industrial levels requires a cut of 73-97% in the use of coal for primary energy by 2050, the United Nations Intergovernmental Panel on Climate Change said in a special report Monday. The report suggests policies and technologies will be needed to enable a transition from coal, an...>>>
Mexico's August steel exports to the US up 13% on year Oct 09,2018
Sao Paulo — Mexican carbon and alloy steel exports to the US in August increased 13% year on year to 278,272 mt, US Department of Commerce and US International Trade Commission data showed Monday. Exports from Mexico to the US in August were roughly stable from July's 278,174 mt. The most exported products were steel pipes and tubes at 94,425 m...>>>
Hurricane Michael enters Gulf of Mexico, could track US Atlantic Coast Oct 09,2018
Houston — Hurricane Michael entered the Gulf of Mexico Monday, with BP, ExxonMobil, Chevron and Anadarko evacuating personnel from key offshore platforms in advance of the storm. Michael was about 50 miles south of Cuba's western tip and 140 miles east-northeast of Cozumel, Mexico, midday Monday and was on track to move up the US Atlantic Coast,...>>>
Trump's expected E15 announcement not likely to clear RFS reform stalemate Oct 09,2018
Washington — US President Donald Trump is expected Tuesday to announce approval of year-round sales of gasoline blended with 15% ethanol, or E15, along with possible renewable fuel credit market reforms. However, the policy changes will not take effect until the Environmental Protection Agency formally proposes them through the rulemaking proces...>>>
India ups pressure for Iran sanctions relief while US sticks to hard line Oct 09,2018
Washington — India appears confident that it will be able to keep importing Iranian oil this fall despite US sanctions, signaling that high-stakes negotiations between the two countries will continue up until the November 5 deadline. Two Indian oil companies have made nominations to import Iranian oil in November despite the threat of sanctions,...>>>
100 Spot Commodities Price Chart - 08/10/2018 Oct 09,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,36 commodities increased in prices, 24 fell and 40 remained unchanged on 08/10/2018.The largest rises were Hydrofluoric acid (5.44%),Urea (4.54%),Soybean meal (2.95%),while the largest...>>>
China in midst of starting 5 mil-6 mil mt/year alumina capacity by end-2018 Oct 11,2018
Singapore — A swathe of new alumina capacity being started up in China since the third quarter could see 5 million-6 million mt/year added by the end of 2018, sources said Wednesday. Shandong Xinfa Group was said by sources to have started up 1 million-1.2 million mt/year new capacity in Shanxi recently. The company declined to comment Wednesday...>>>
Japan shuts 20% refining capacity; Idemitsu to import gasoline, trims exports Oct 11,2018
Tokyo — Japanese refiners have shut a combined 692,700 b/d or 20% of their refining capacity due to a combination of scheduled and unexpected shutdowns, prompting Idemitsu Kosan to import gasoline and trim refined products exports amid uncertainty over the restart of the Hokkaido refinery. Japan's operable refining capacity has fallen to about 2...>>>
Japan's Idemitsu to restart quake-hit Hokkaido CDU after mid-Oct Oct 11,2018
Tokyo — Japanese refiner Idemitsu Kosan said Wednesday it now expects to restart its earthquake-hit 150,000 b/d crude distillation unit at the Hokkaido refinery after mid-October. Idemitsu's Hokkaido refinery -- the only refinery on the northern Japanese island -- following an automatic shutdown as a result of the 6.7 magnitude earthquake that r...>>>