Chemical News
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100 Spot Commodities Price Chart - 25/07/2019 Jul 26,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,17 commodities increased in prices, 19 fell and 64 remained unchanged on 25/07/2019.The largest rises were DME(7.36%),Acetic acid (2.82%),Palm Oil (1.96%),while the largest falls w...>>>
Iran says it seizes ship carrying what it calls smuggled fuel in Persian Gulf Aug 05,2019
Iran said on Sunday it has seized a small foreign ship carrying 700,000 liters (4,400 barrels) of smuggled fuel in the Persian Gulf as tensions in the area heat up. The country's Islamic Revolutionary Guards Corp seized the ship near the Farsi Island and took it to Bushehr Port, where its cargo was returned to the National Oil Distribution Co., ...>>>
Shell Midstream sees higher crude pipeline flows on growing US Gulf of Mexico production Aug 05,2019
Shell Midstream saw a 21% year-on-year increase in pipeline crude flows to 2.073 million b/d during the second quarter as two new fields came online in the US Gulf of Mexico, CEO Kevin Nichols said Friday. "In May, Shell announced the initial production from Appomattox, which is expected have peak production of 175,000 b/d, connecting into the P...>>>
New $300 billion in US tariffs on China products would impact many chemicals, plastics Aug 05,2019
President Donald Trump's latest escalation in the US-China trade war targets 10% tariffs on all Chinese imports that do not yet face such taxes, including a wide array of petrochemical-reliant finished plastics and products. Among the $300 billion in targeted Chinese products are smartphones, laptops, toys, toilet seats, mustard and ketchup disp...>>>
Sempra touts LNG projects, California wildfire law as key points of progress Aug 05,2019
California's new law on wildfire liability has greatly improved the operating environment and financial health of electric utilities like San Diego Gas & Electric, Sempra Energy said Friday on its second quarter earnings call. Sempra also touted progress on its LNG export facilities, noting that the first train of its Cameron LNG project in will...>>>
SunSirs: Daily Report of China Commodity Data (December 14, 2023) Dec 14,2023
On December 13th, the commodity price index (BPI) was 954 points, unchanged from yesterday, a decrease of 28.97% from the highest point in the cycle of 1,343 points (2021-10-19), and an increase of 44.55% from the lowest point of 660 points on February 3rd, 2016. (Note: The cycle refers to 2011-12-01 present) According to the price mon...>>>
SunSirs: Cost and Demand Were Both Weak, and the Spandex Prices May Decline Dec 14,2023
According to the Commodity Market Analysis System of SunSirs, the domestic spandex market remained stable in December. As of December 13th, the price of 40D spandex was 32,575 RMB/ton, unchanged from the beginning of the month and down 9.51% year-on-year. The industry's operating rate remained around 72%. Analysis review ...>>>
SunSirs: On December 13th, the Domestic DOP Market Was Consolidated Dec 14,2023
Price trend On December 13th, the DOP market in Jiangsu region stabilized, with a quotation of 11,700 RMB/ton. The DOP market in Shandong region was stabilizing with a price of 11,600 RMB/ton, while in Zhejiang region, the DOP market was stabilizing with a price of 11,900 RMB/ton. Analysis review On December...>>>
Planting delays to push back US corn harvest 2-3 weeks Aug 05,2019
US corn harvest is likely to be delayed by 2-3 weeks on an average in the marketing year ending August 2020, pushed behind schedule due to historic delays in plantings on the back of inclement weather, sources said. Corn harvest normally starts in the largest producing region of the US, the Midwest, by late August, but this year, it is likely to...>>>
Iran exported less than 500,000 b/d in June and July: Pompeo Aug 05,2019
Iran exported less than 500,000 b/d of oil in June and July as US sanctions have taken more than one in five Iranian barrels off the global market, US Secretary of State Mike Pompeo said Friday. "Before the sanctions regime was put in place, there were [around 2.7 million b/d] being shipped by Iran to all around the world," Pompeo said followin...>>>
US June coal exports total 7.2 million mt, down 21.6%: Census Aug 05,2019
US coal exports totaled 7.2 million mt in June, down 12.6% from May and down 21.6% from the year-ago month, according to US Census data Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Exports dropped as global seaborne thermal coal prices hit three-month lows in June, with E...>>>
ExxonMobil, Chevron see Permian Basin production growth continuing Aug 05,2019
ExxonMobil and Chevron saw double-digit percentage production increases in the Permian Basin during the second quarter, and expect growth continuing over the next several years as they focus on longer-term value, the companies said during their respective earnings calls Friday. ExxonMobil said Friday that its oil-equivalent production in the Per...>>>
UK Steel presses govt to secure tariff-free access to EU markets Aug 05,2019
UK Steel, the trade association for UK steelmakers and manufacturers, is urging the British government to secure tariff-free access to EU markets and more competitive electricity prices in the run-up to the UK's exit from the EU. This framework is necessary to ensure future investment by the steel industry and, potentially, the sector's survival...>>>
EU CO₂ prices rally as August supply curbs begin Aug 05,2019
EU carbon dioxide allowance prices rallied in the week ending August 2, taking support from the start of August's reduced-volume auctions. EU Allowance futures contracts for December 2019 delivery on the ICE Futures Europe exchange rallied more than a euro to close at Eur29.45/mt Thursday, and moved in a range of Eur28.93/mt to Eur29.46/mt Frida...>>>
100 Spot Commodities Price Chart - 02/08/2019 Aug 05,2019
It was assessed by SunSirs that in the tracked 100 spot commodities,20 commodities increased in prices, 30 fell and 50 remained unchanged on 02/08/2019.The largest rises were Acetone (5.21%),Methanol (2.64%),Dysprosium oxide (2.42%),while the large...>>>
Brazil's ethanol import tax: What is at stake? Aug 07,2019
The Brazilian ethanol sector is going through a moment of uncertainty regarding the potential gains or losses in the near term. A potential drop in the ethanol import barrier could flood the Brazilian market with much cheaper US product and hamper the upward domestic price trend observed so far this year. According to the S&P Global Platts cal...>>>
Traded oil futures on Japan's TOCOM dip 2% on month in July, slide 47% on year Aug 07,2019
Traded oil futures on the Tokyo Commodity Exchange dipped 2.22% month on month to 244,825 trades in July, and slid 46.87% year on year, latest TOCOM data showed Tuesday. Traded Dubai crude oil contracts fell 2.79% on month to 214,518 trades in July and were down 45.73% on year, TOCOM data showed. Total traded gasoline contracts fell 19.61% on m...>>>
Singapore 95/92 RON spread soars to near 16-month high on firm demand, tight blendstocks Aug 07,2019
Healthy regional demand for 95 RON gasoline amid tight octane booster supply sent the FOB Singapore 95/92 RON gasoline spread soaring to a near 16-month high Tuesday, keeping prices and sentiment in the Asian gasoline market buoyed, according to market sources and S&P Global Platts data. The 95/92 RON gasoline spread saw its largest day-on-day j...>>>
US steel industry welcomes China's designation as currency manipulator Aug 07,2019
The US Department of Treasury's move Monday to designate China as a currency manipulator is "welcome news" for the steel industry and overall US manufacturing, according to American Iron and Steel Institute CEO Thomas Gibson. "China was, and remains, a currency manipulator," Gibson said in a statement. "The Chinese government's actions today ar...>>>
US caustic soda exports to Brazil up 6% in H1 2019: USITC Aug 07,2019
US caustic soda exports to Brazil were 6% higher on the year in the first six months of 2019, the latest US International Trade Commission data showed. The increase reflects higher demand for imported caustic soda by both Norsk Hydro's 6.3 million mt/year Alunorte alumina refinery and Brazilian petrochemical producer Braskem. The data posted thi...>>>