Chemical News
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Ukrainian Jul 1-Jan 6 corn exports to EU more than double on year: EU Jan 08,2019
Ukrainian corn exports to the EU between the start of the marketing year on July 1, 2018 and January 6 more than doubled on the year to 5.84 million mt, EU Crops Market Observatory data showed Monday. Ukraine remains the number one exporter to the EU, ahead of Brazil in second place, which exported 3.6 million mt over the same period, down 14.1%...>>>
US soybeans inspected for export down 10.97% on week, down 44.58% on year: USDA Jan 08,2019
The amount of US soybeans inspected for export in the week ended January 3 was 673,172 mt, down 10.97% from the revised numbers previous week and down 44.58% from the year-ago week, the Department of Agriculture showed Monday. Marketing year-to-date total export inspections volume has reached 17.299 million mt, which is 41.57% lower year on year...>>>
US corn inspected for export down 47.3% on week, lowest volume since November 2017 Jan 08,2019
The amount of US corn inspected for export in the week that ended Thursday totaled 501,541 mt, down 47.3% from the previous week, the lowest weekly volume since November 9, 2017, Department of Agriculture data showed Monday. The total in the most recent reporting period was 41% below the year-ago week, according to the USDA's weekly Federal Grai...>>>
China awards 3.14 mil mt oil product export quota under processing trade: sources Jan 09,2019
China has awarded 3.14 million mt of export quotas for gasoline, gasoil and jet fuel for use under the processing trade route, a week after Beijing awarded 18.36 million mt of oil product quotas under the general trade route, market sources told S&P Global Platts Tuesday. Export quotas for jet fuel accounted for 92% of the allocations under proc...>>>
Dec Qatar land, marine crude OSPs fall by $8.20-$8.50/b from Nov Jan 09,2019
State-owned Qatar Petroleum cut the official selling prices of both Qatar Marine and Qatar Land crude cargoes loaded in December, trading sources told S&P Global Platts Tuesday. The December Qatar Land OSP is set at $58.45/b, down $8.50/b from the price for November. This is also the lowest the OSP has been since October 2017, when it was at $57...>>>
China's Shandong independent refineries lift run rates to 65.2% in Dec Jan 09,2019
Combined run rates at China's independent refineries in eastern Shandong province edged up to average 65.2% capacity in December, rebounding marginally after retreating from an eight-month high of 67.4% in October, according to a monthly survey by local information provider JLC. This brings the average run rate to 63.1% in 2018, up from 59.9% in...>>>
Australian Port of Gladstone's coal exports at 5-year low in 2018 Jan 09,2019
The dominant metallurgical coal Port of Gladstone in Queensland, Australia, shipped a total of 67.90 million mt of coal in 2018, the lowest volume of coal exported from the port since 2013, data released by the Gladstone Ports Corporation Tuesday showed. The volume of coal exported in 2018 was marginally lower from the 68.29 million mt exported ...>>>
Philippine domestic bioethanol price in Dec jumps 25.4% on year on higher feedstock costs Jan 09,2019
The Philippine domestic bioethanol reference price climbed 2.11% on a monthly basis or 25.47% on a year on year basis to Pesos 55.07/liter ($1,101.40/cu m) in December, data released Tuesday by the Sugar Regulatory Administration showed. The increase came after three months of consecutive monthly drop in domestic ethanol price in the Philippine...>>>
German CO2 auctions set to resume in Feb: European Commission Jan 09,2019
German auctions of carbon dioxide allowances are expected to resume in February, the European Commission said late Monday, after a halt since November 2018 due to licensing issues. EU's amended Auctioning Regulation came into effect January 5 Return of German auctions to increase primary supply in February The news means February will see an...>>>
Gold price likely buoyed by safe haven demand: HSBC Jan 09,2019
Gold price gains will likely be driven by fresh safe haven demand on equity concerns, higher financial volatility and economic uncertainty, said HSBC, leading the bank to lift its 2019 average dollar price for the yellow metal to $1,314/oz Tuesday. The original estimate was $1,292/oz, according to HSBC's chief precious metals analyst James Steel...>>>
American Petroleum Institute urges White House to end China trade war, steel tariffs Jan 09,2019
US steel tariffs, the trade war with China and a prolonged federal government shutdown could each threaten to slow the growth of the US oil and natural gas industry, the president of the American Petroleum Institute said Tuesday. API President and CEO Mike Sommers said "there's no question" the 25% tariff imposed on steel imports in 2018 has pro...>>>
OECD finds excess global aluminum capacity a 'genuine concern' Jan 09,2019
Excess capacity in the global aluminum market as a result of non-market forces and government support appears to be a genuine concern with implications for global competition and the design of trade rules disciplining government support, according to a report released Tuesday by the Organization for Economic Cooperation and Development. The alum...>>>
OPEC cuts, US-China trade talks empower oil bulls Jan 09,2019
Crude futures settled higher Tuesday, extending the price rally for a seventh straight session amid growing evidence that OPEC supply cuts will tighten the market this year. ICE March Brent settled $1.39 higher at $58.72/b and NYMEX February WTI was up $1.26 to settle at $49.78/b. The oil complex gleaned support Tuesday from widespread optimism...>>>
100 Spot Commodities Price Chart - 08/01/2019 Jan 09,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,27 commodities increased in prices, 15 fell and 58 remained unchanged on 08/01/2019.The largest rises were Hydrochloric acid (30.43%),Sulfur (2.87%),Toluene (2.75%),while the largest f...>>>
Taiwan's CPC to restart residue fluid catalytic cracker 2 days early Jan 11,2019
Taiwan's state-owned CPC Corp. has planned the restart of a residue fluid catalytic cracker at its Talin refinery two days early, on January 31 instead of February 2, a company source said Thursday. CPC had reduced January term supply to 65%-70% of the agreed term volume, down from the 80% planned earlier due to the delay in startup. The company...>>>
Fujairah residue stocks up 33% on week to 11-week high on ample supply Jan 11,2019
Stocks of heavy residues in Fujairah have increased to an 11-week high of 8.249 million barrels in the week to January 7, according to the Fujairah Energy Data Committee this week. Residue stocks were up 32.7% week on week, and was last higher at 8.373 million barrels in the week ended October 22, the data showed. Ample cargo supply and slow bu...>>>
Northwest European propane at widest discount to naphtha in two months Jan 11,2019
Large propane cargoes have widened to their largest discount against CIF NWE naphtha cargoes since November, with naphtha reacting faster to strengthening crude oil prices than propane, which has weakened at the beginning of the first quarter. Large CIF propane cargoes in Northwest Europe were assessed at $397/mt Wednesday, while CIF NWE naphtha...>>>
Malaysia December palm oil inventories pile up over market expectations Jan 11,2019
Malaysian palm oil inventories surprised to the upside in December, rising to 3.22 million mt, against market estimates of 3.1 million mt, data released by the Malaysian Palm Oil Board on Thursday showed. Malaysia imported more CPO from Indonesia than expected, said CIMB Bank's head of agribusiness Ivy Ng, while CPO exports from Malaysia to othe...>>>
Iraq Dec crude oil exports, output up to 4.143 mil b/d, 4.465 mil b/d respectively Jan 11,2019
Iraqi oil exports surged by about 330,000 b/d in December to 4.143 million b/d, Iraq's State Oil Marketing Organization said Thursday, recovering from rough weather in November that had led to a fall in loadings from the southern port of Basra. Production was little changed in December, rising just 10,000 b/d to 4.465 million b/d, SOMO said in a...>>>
Russian wheat price set to reach new highs on prompt supply crunch Jan 11,2019
Russian wheat prices are on course to hit new highs amid thin prompt supply, market sources said Thursday. A lack of wheat for spot or January shipments was driving the price increase as demand slowly returns to the market. Wheat at port silos for January-loading windows was "mostly committed", while spare capacity was low, one source said. ...>>>