Chemical News
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China's crude throughput rises 4% on year in Dec, up 7% on year in 2018 Jan 22,2019
China's refinery crude throughput rose 4.4% year on year to 51.17 million mt, or an average 12.10 million b/d, in December, preliminary data released by the National Bureau of Statistics on Monday showed. The December crude throughput was down 1.9% from November on a barrels per day basis, the third consecutive month-on-month decline since hitti...>>>
China Molybdenum inks 100% stake transfer deal with BHR Newwood Jan 22,2019
China Molybdenum Co., or CMOC, has inked a stake transfer deal with BHR Newwood Investment Management, buying 100% interest in BHR DRC, which owns 24% in copper mine Tenke Fungurume Mining S.A. (TFM), located in Katanga Province in the Democratic Republic of the Congo, the Chinese producer in Henan Province said in a filing to Shanghai Stock Exchan...>>>
Clarity on Rusal sanctions to take more time: Japanese market sources Jan 22,2019
Japanese industry officials said Monday there was still a possibility that the US Treasury Department's plan to terminate sanctions against Rusal may not receive Congress approval and that it would be prudent to wait until January 28 or later for more clarity. The US Office of Foreign Assets Control on Saturday said it had sent a notice to Congr...>>>
Yancoal Australia's 2018 coal output rises 59% on year to 50 mil mt Jan 22,2019
Yancoal Australia said Friday it produced 50 million mt of salable coal in 2018, up 59% year on year. It attributed much of the increase to the contribution from assets it acquired from Rio Tinto in September 2017 in a filing to the Australian Securities Exchange, and forecast further growth in 2019. The company, which is majority-owned by Chin...>>>
China's state-owned refiners raise run rates to 85% in Jan Jan 22,2019
The average run rate at China's state-owned refiners Sinopec, PetroChina, Sinochem and China National Offshore Oil Corp., rebounded to around 85% of the overall nameplate capacity in January from 82% in December 2018, following the easing of stocks of oil products, a monthly survey by S&P Global Platts showed Monday. "Tracking the rebound in int...>>>
Spanish nuclear plant output drops 6% TWh in 2018 Jan 22,2019
Spanish nuclear plant output fell around 6% in 2018 with the operating rate dropping nearly four percentage points from 2017, data published Friday by nuclear association Foro Nuclear showed. Reactors produce 53.2 TWh in full year Operational for average 82.1% of the year Extended Vandellos 2 outage weighs on totals Nuclear nonetheless re...>>>
China's Dec 2018 coal output up 2.1%: Official data Jan 22,2019
China's December 2018 coal output increased 2.1% from a year ago to reach 320.38 million mt or 3.84 billion mt on an annualized basis, according to official data released Monday. China's annual coal production up 5.2% 2018 coal imports up 3.9% on the year The country's annual coal production in 2018 reached 3.55 billion mt, rising 5.2% year ...>>>
ISMA cuts Indian 2018-19 sugar output forecast 800,000 mt to 30.7 mil mt Jan 22,2019
The Indian Sugar Mills Association Monday revised down its forecast for domestic sugar production by 800,000 mt to 30.7 million mt, a drop of 5.5% on the year, taking into account 500,000 mt diverted to fuel ethanol production through 'B' heavy molasses. Producing ethanol through 'B' heavy molasses -- allowed by the government for the first time...>>>
100 Spot Commodities Price Chart - 21/01/2019 Jan 22,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,32 commodities increased in prices, 15 fell and 53 remained unchanged on 21/01/2019.The largest rises were Adipic acid (4.33%),White granulated sugar (4.09%),Sulfuric acid (2.68%),whil...>>>
US ethanol offers and bids emerge in China, amid optimism on trade talks Jan 24,2019
There was an offer heard on Tuesday for US origin denatured ethanol at $510/mt CFR China for a 35,000 mt cargo for prompt shipment, with a bid at $450-460/mt CFR China, after little or no trading activity for fuel ethanol between the two countries since July, when the 70% import duty for US denatured ethanol came into effect in China. Traders we...>>>
Japan's Showa Shell, Fuji Oil to lift another 2 mil barrels Iranian crude Jan 24,2019
Japanese refiners Showa Shell and Fuji Oil will jointly load around 2 million barrels of Iranian crude on a VLCC arriving at Kharg Island later Wednesday, a source with direct knowledge of the matter told S&P Global Platts. Showa Shell and Fuji Oil will fully load Iranian crude on the VLCC Tsugaru, the source said. Platts trade flow software cF...>>>
South Korea faces tight bunker fuel supply as two refiners are short Jan 24,2019
The South Korean bunker fuel oil market has been facing tight 380 CST bunker fuel this week, with refiner S-Oil unable to deliver on-specification fuel and a second refiner, SK Innovation tight on stocks. Due to problems at S-Oil's refinery with blending high sulfur fuel oil to bunker fuel, S-Oil was unable to supply spot bunker fuel in the mark...>>>
Chilean Antofagasta 2018 molybdenum output surges 30% but sees 12% decline for 2019 Jan 24,2019
Chilean miner Antofagasta said Wednesday its molybdenum production in 2018 rose almost 30% year-on-year, but it sees a 12% decline in 2019 production despite a plan to increase its copper output. Antofagasta produced 13,600 mt of molybdenum concentrate in 2018, up 30% from 2017, while copper production was 725,300 mt, up 3%. The miner attribute...>>>
Buzzard share of Forties Blend crude oil up at 31% in latest week: Ineos Jan 24,2019
The Buzzard oil field's contribution to key North Sea's Forties Blend crude was marginally up in the week to Sunday, Forties pipeline operator Ineos said Wednesday. Buzzard contributed 31% to the Forties stream in the week ending January 20, slightly up from the previous week when it was 30%. Based on the content of the sour stream Buzzard, the...>>>
POSCO signs term contract with BRPL for iron ore pellet supply Jan 24,2019
POSCO, the biggest steel producer in South Korea, was heard to have signed a term contract with Indian miner Brahmani River Pellets Limited, or BRPL, for pellet supply, a source from BRPL told S&P Global Platts Wednesday. This is the first time POSCO has signed a term contract with an Indian miner to import pellet. Price will be negotiated ever...>>>
Newcastle 5,500 NAR thermal coal prices rebound to highest point since Nov Jan 24,2019
High-ash Newcastle thermal coal prices hit a near three-month high in Asia trade Wednesday as buyers stepped forward attracted by its competitive price compared with higher CV Indonesian cargoes, market sources said. A trade at $63.50/mt FOB Newcastle was concluded for a February-loading Panamax 5,500 kcal/kg NAR cargo late Tuesday, according to...>>>
Kazakhstan's Kashagan oil field on track for Apr-May shutdown: operator Jan 24,2019
Kazakhstan's Kashagan oil field is on track for a "complete" maintenance shutdown lasting around 45 days that will take place in April-May, the operating company said Wednesday, signaling a likely reduction in CPC crude flows from Novorossiisk. The shutdown entails "preventative and predictive" maintenance of equipment at the main artificial isl...>>>
Ukraine cuts use of anthracite coal by almost 63% in two years Jan 24,2019
Ukraine has cut its consumption of anthracite coal by almost 63% in the past two years in reaction to seizing of its coal mining assets by pro-Russian rebels, the Energy and Coal Industry Ministry reported Tuesday. Ukraine used 3.9 million mt of anthracite by its fossil fuel-burning power plants in 2018 compared with 10.5 million mt in 2016, the...>>>
Nordic hydropower stock deficit accelerates Jan 24,2019
Depletion of Nordic hydro reservoir stocks accelerated into week three of 2019 with net outflows equivalent to 3.564 TWh of electricity, Nord Pool data showed Wednesday. The rate of weekly depletion had returned to late 2018 levels ahead of forecast colder weather and below average precipitation. "Except for a few days during the coming weekend...>>>
100 Spot Commodities Price Chart - 23/01/2019 Jan 24,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,20 commodities increased in prices, 19 fell and 61 remained unchanged on 23/01/2019.The largest rises were Sulfuric acid (4.35%),Zinc (1.56%),PET (1.48%),while the largest falls were P...>>>