Chemical News
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100 Spot Commodities Price Chart - 27/12/2018 Dec 28,2018
It was assessed by SunSirs that in the tracked 100 spot commodities,18 commodities increased in prices, 36 fell and 34 remained unchanged on 27/12/2018.The largest rises were Steel I bean (2.45%),Natural rubber (1.89%),Polyester POY (1.71%),while the l...>>>
China widens restrictions on ferrous, non-ferrous scrap imports from Jul 1 Jan 03,2019
China extended the types of metal scrap it would restrict from being imported to ferrous and non-ferrous material, in what was its latest move to stop being the world's dumping ground for waste material. From July 1, imports of eight kinds of solid waste, including ferrous, copper and aluminum scrap, were moved to a list of restricted waste mate...>>>
Indian BCCL's Dec coking coal output falls 20% on year to 2.57 mil mt Jan 03,2019
State-run Bharat Coking Coal Limited produced 2.57 million mt of coking coal in December, down 20.2% year on year, parent Coal India said late Tuesday, citing provisional data. BCCL produced 21.49 million mt of coal over April-December, down 2.2% from the same period of the previous fiscal year, Coal India said. India's fiscal year runs April 1-...>>>
China's first lot of 2019 crude import quotas to refineries drop 27% to 84.06 mil mt Jan 03,2019
China's independent and other state-owned qualified refineries have received their first batch of crude import allocations for 2019 totaling 84.06 million mt, down 26.6% from the first batch last year, sources told S&P Global Platts Wednesday. The tight quota allocation was likely due to slow crude import growth in January-October, sources said...>>>
China's Sinopec lowers domestic OX price by Yuan 300/mt Jan 03,2019
China's Sinopec lowered its domestic ex-tank price of orthoxylene by Yuan 300/mt on January 1, market sources said this week. Sinopec's new OX price is Yuan 6,800/mt, equating to around $825/mt on an import parity basis. The international spot price of OX was last assessed on December 28 at $848/mt CFR China, down $7/mt week on week, S&P Global...>>>
Fujairah oil product stocks fall 1.9% on week, led by middle distillates Jan 03,2019
Refined oil product stocks at the Middle Eastern hub of Fujairah declined by 1.9% to 17.348 million barrels in the week to Monday, led by a drawdown in middle distillate inventories, according to the Fujairah Energy Data Committee. Middle distillate stocks sank by 9.5% week on week to 1.463 million barrels, the lowest since January 1, 2018, afte...>>>
Coal India April-Dec output rises 7.4% on year to 412.45 million mt Jan 03,2019
Indian state-run Coal India Limited said Tuesday that output over April-December rose 7.4% year on year to 412.45 million mt. December output almost flat April-Nov offtake up 5.5% on year Output in December was almost flat at 54.13 million mt from 54.63 million mt in December 2017, the company said in a regulatory filing to the Bombay Stock ...>>>
Chile's November steel output index up 8.9% on year Jan 03,2019
Chile's steel production index in November rose 8.9% year on year and fell 11% from October, the National Institute of Statistics (INE) said Wednesday. The INE measures steel production through an index that includes operating blast furnaces, converters and rolling mills, as well as production of pig iron, ingots, ferroalloys and finished steel ...>>>
US middle distillates to Europe at 700,000 mt so far in Jan amid low stocks Jan 03,2019
The volume of middle distillates scheduled to arrive in Europe from the US Gulf Coast in January so far amounts to around 700,000 mt, including 500,000 mt on its way to Northwest Europe and 200,000 mt to the Mediterranean, data from S&P Global Platts trade flow software cFlow showed Wednesday. Around 1.39 million mt of middle distillates from th...>>>
Turkey slaps antidumping duties on Iranian polystyrene: reports Jan 03,2019
Turkey has introduced antidumping duties on Iranian polystyrene, according to local media reports and a Turkish market source Wednesday. Antidumping duties of over 11% will be added to the CIF value of Iran's polystyrene exports into Turkey, they said. Local news sources placed the level of antidumping duties at 11.1%, while a market source tol...>>>
German steel stocks drop in November for first time since August Jan 03,2019
Steel inventories at German stockholders dropped in November month on month for the first time since August, according to data from German stockholder association BDS. Stocks of flat steel amounted to 1.42 million mt, a 13.02% drop from October to November 2018. In a year-on-year comparison, stocks were up 9.38%. In October 2018, stocks reached ...>>>
100 Spot Commodities Price Chart - 02/01/2019 Jan 03,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,15 commodities increased in prices, 36 fell and 49 remained unchanged on 02/01/2019.The largest rises were DME(5.80%),MTBE (3.95%),Xylene (3.95%),while the largest falls were Acetone (...>>>
Eastern China round steel billet mills lift prices for Jan 1-10: sources Jan 04,2019
Major eastern Chinese producers of round steel billet have raised their list prices, the third increase in a row, by Yuan 30-50/mt ($4-$7/mt) for sales over January 1-10, market sources said Thursday. As a result, prices for 20# 50-130-millimeter rounds sourced from Zenith Steel Group and Changqiang Iron & Steel -- major producers in Jiangsu pro...>>>
US coal carloads total 68,511, up 9.9% on year: AAR Jan 04,2019
US coal carload originations totaled 68,511 in the week that ended December 29, down 27.1% from the prior week and a year low for 2018, American Association of Railroads data showed Thursday. Despite the large week-on-week drop, carloads rose 9.9% from the same week of 2017. From the five-year average of 82,804 for the 52nd week of the year, car...>>>
Oil rally extends amid focus on supply-demand fundamentals Jan 04,2019
A late rally Thursday pushed oil futures to higher settles for a second consecutive session as a focus on supply and demand overshadowed continued equity market weakness. ICE March Brent settled up $1.04 at $55.95/b, and NYMEX February WTI was up 55 cents at $47.09/b at market close. Concerns that slowing economic growth, specifically in China,...>>>
Methanol imports into Turkey in November up 4.3% year on year to 56,816 mt Jan 04,2019
Turkish imports of methanol in November were 4.3% higher year on year at 56,816 mt, data from Turkish statistics agency Turkstat showed. Egypt remained the largest exporter of methanol to Turkey in November with 32,124 mt, compared with 22,721.9 mt in November 2017. Azerbaijan, the second-largest exporter of methanol to Turkey in November 2017 ...>>>
Iraq's oil exports hit record high above 4 million b/d in December Jan 04,2019
Iraq's oil exports jumped to a record 4.14 million b/d in December, a month before OPEC's number-two producer was due to curb its production under the group's output deal to clear a rising oil glut. Oil exports from Iraq's southern Persian Gulf ports bounced back from a weather-induced slump the previous month, oil ministry data showed. At the...>>>
German wind power output soars to new annnual record on December surge Jan 04,2019
German wind power output rose to a new annual record in 2018, up 5.4% or 5.7 TWh year on year at 111.4 TWh, TSO data aggregated by think tank Fraunhofer ISE show. December output was 14.8 TWh, up 46% on November and just marginally below an all-time high set in December 2017, with output averaging 20 GW for a second December in a row, the data s...>>>
Taiwan's CPC publishes first posted price for 0.5% LSFO Jan 04,2019
Taiwan's state-owned CPC Corporation has launched a daily posted price for low sulfur fuel oil with maximum 0.5% sulfur on its website Wednesday. The price of LSFO was listed at $489/mt Wednesday for sale at the five ports of Keelung, Taichung, Suao, Hualien and Kaohsiung. The new CPC LSFO specification will be a maximum of 0.5% sulfur by mass,...>>>
Miner Anglo American starts 2019 with split of divisions Jan 04,2019
Anglo American is set to split its global base metals business from its strategy and business development department in a bid to gain traction in the electric vehicle revolution, the global diversified miner said Thursday. As such, there will be reshuffle of the management structure. Duncan Wanblad will focus solely on his role as group director...>>>