Chemical News
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Japan's Dec ethanol imports slump 16% on year Jan 31,2019
Japan's ethanol imports fell 8.45% month on month to 58,758 cu m in December 2018, and were lower by 16.18% year on year, Trade Statistics of Japan data released Wednesday showed. Imports of undenatured ethanol totaled 58,758 cu m, with Brazil remaining the biggest supplier at 45,319 cu up from 44,792 cu m in November. The US supplied 12,255 cu...>>>
100 Spot Commodities Price Chart - 30/01/2019 Jan 31,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,15 commodities increased in prices, 9 fell and 76 remained unchanged on 30/01/2019.The largest rises were Nickel (2.48%),Iron ore (2.37%),Zinc (0.76%),while the largest falls were Lead...>>>
Crude oil futures slip on US stock build, OPEC cuts limit fall Feb 22,2019
Crude oil futures moved marginally lower during mid-morning trade in Asia Friday, amid a build reported in US crude inventory while news of Nigeria's cooperation with OPEC to reduce output limited the price fall. At 9:55 am Singapore time (0155 GMT), ICE April Brent crude futures were down 17 cents/b (0.25%) from Thursday's settle to $66.90/b, w...>>>
NYMEX March gas futures contract jumps after EIA reports strong storage draw Feb 22,2019
The NYMEX March natural gas futures contract climbed 6 cents Thursday after trending down in Wednesday trading. The March contract settled at $2.697/MMBtu, a 6.1-cent rise from Wednesday's close, and trading in a range of $2.639/MMBtu to $2.701/MMBtu. The April and May contracts were trading up about 5 cents from Wednesday. These price movement...>>>
Weekly US coal production rises 5.6% on week, falls 10% on year: EIA Feb 22,2019
Weekly US coal production totaled an estimated 13.78 million st in the week that ended February 16, up 5.6% from a week earlier but down 10% compared with the year-ago week, US Energy Information Administration data showed Thursday. It was the third time in the first seven weeks of the year that all four basins saw week-on-week increases. The t...>>>
Adoption of EVs will be determined by policies to reduce CO2: S&P Global Ratings Feb 22,2019
How quickly zero-emission electric vehicles are adopted globally will be determined by the level of government support for policies that reduce carbon dioxide emissions to combat climate change and enhance energy security, S&P Global Ratings said in a report released Thursday. While the transition of the global light vehicle fleet from internal-...>>>
US sets final duties on line pipe from four countries Feb 22,2019
The US Department of Commerce on Thursday issued its final determinations in the antidumping and countervailing duty investigations of imports of large diameter welded pipe from Canada, Greece, South Korea and Turkey, with the final duty rates differing from the preliminary rates set in 2018. Imports of large-diameter line pipe from Canada were ...>>>
US crude stocks rise as record production offsets record exports Feb 22,2019
A slowdown in US refinery activity and record weekly oil production helped offset record crude exports last week, Energy Information Administration oil data showed Thursday. EIA pegged US crude output at 12 million b/d for the first time last week, up from 11.9 million b/d the week prior. As a result, US commercial crude stocks rose 3.67 millio...>>>
China data: State-owned refiners keeps run rates steady at 85% in Feb Feb 22,2019
The average run rate at China's state-owned refiners Sinopec, PetroChina, Sinochem and China National Offshore Oil Corp., remained steady on a month-on-month basis at around 85% of the overall nameplate capacity in February, despite increasing stocks of oil products, a monthly survey by S&P Global Platts showed Friday. However, the combined run...>>>
Australia's Wheatstone LNG's train 1 shut down due to electrical issue: Chevron Feb 22,2019
Production at one of the trains at Chevron's 8.9 million mt/year Wheatstone LNG facility in Western Australia has been halted due to an electrical problem, a spokeswoman for the company confirmed Friday. The cause of the outage at the 4.45 million mt/year train 1 is being investigated, while train 2 continues production. No timeframe was given f...>>>
100 Spot Commodities Price Chart - 21/02/2019 Feb 22,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,32 commodities increased in prices, 13 fell and 55 remained unchanged on 21/02/2019.The largest rises were Sulfuric acid (3.25%),Ethylene oxide (2.56%),Phenol (2.33%),while the largest...>>>
Chile hopeful on China-US trade deal, boosting copper price Feb 25,2019
Chile is optimistic that a deal to end the ongoing trade dispute between China and the US is close at hand, lending to support the price of copper, the country's principle export, Mines Minister Baldo Prokuric said Friday. No-one has a crystal ball to know when they could reach agreement but the reports suggest that we are closer to a deal than ...>>>
Analysis: Permian producers face diverging outlook for oil, gas in 2019 Feb 25,2019
Producers in the Permian Basin are getting mixed signals from midstream markets in 2019, as increasingly unconstrained crude oil production continues to lift associated gas output to record highs, testing the limits of available takeaway capacity for the fuel. The startup of Plains All American Pipeline's 350,000 b/d Sunrise expansion at the end...>>>
Extreme weather, generation fleet makeover, power market conditions prompt change at MISO Feb 25,2019
Midcontinent Independent System Operator market participants in the southern region on Thursday discussed the paradigm shifts in operating conditions, generation fleet and market environment that are prompting strategic changes in the system's planning and market design. At the beginning of the Gulf Coast Power Association's sixth annual MISO So...>>>
USDA delayed data shows US sold 6.5 million mt of soybeans in six weeks Feb 25,2019
The US Department of Agriculture released Friday much-expected soybean export sales data for the January 4-February 14 period. The data had been delayed due to the recent government shutdown. The USDA reported net sales of 6.531 million mt for the period. It said 3.922 million mt were reported as net sales to China. US exports have been belo...>>>
CP Chem planning $5.8 billion US chemical complex Feb 25,2019
Chevron Phillips Chemical may build a steam cracker and at least one derivative unit in far southeastern Texas, according to documents filed with the Texas Comptroller's office. The company is evaluating whether to buy a 1,700-acre project site near Orange, Texas, as the location for a cracker, one or more derivative units, administrative buildi...>>>
Warrior Met Coal sees record revenues in 2018 on high steel demand, rising index price: executives Feb 25,2019
Warrior Met Coal posted record-high revenues in the fourth quarter and full-year 2018 based on strong steel demand and an increasing premium low-vol index price, company executives said on the Q4 earnings call late Thursday. Last year "was a record year for global steel production with key regions like China and India displaying strong year-ove...>>>
Total corn export sales commitments up 2% on year: USDA Feb 25,2019
Weekly US corn export sales commitments through February 14 -- cumulative exports plus outstanding sales -- have risen to 38.344 million mt, up 2% year on year and 9% above the five-year average, delayed US Department of Agriculture data showed Friday. Total commitments were up to 61% of the USDA's 62.233 million mt projection for the 2018-2019 ...>>>
A global industry response to iron ore dams? Count out Cleveland-Cliffs Feb 25,2019
US-based iron miner Cleveland-Cliffs CEO Lourenco Goncalves' message is: Count me out - in response to BHP CEO Andrew Mackenzie's advocacy of a global independent public classification system for tailings dams - an issue Mackenzie has said will be discussed at Monday's International Council for Mining and Metals Meeting, an annual gathering of CEOs...>>>
Pembina says commercial, regulatory progress being made on Jordan Cove LNG project Feb 25,2019
Canada's Pembina Pipeline maintained Friday its target for securing sufficient binding offtake agreements by the end of next month to support construction of its proposed Jordan Cove LNG export terminal in Oregon. The field of developers of new liquefaction facilities in the US has become more crowded in the almost six years since the project in...>>>