Chemical News
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100 Spot Commodities Price Chart - 13/05/2016 May 16,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,16 commodities increased in prices, 41 fell and 42 remained unchanged on 13/05/2016.The largest rises were Soda ash (2.47%),Dysprosium oxide (1.54%),Bromine (0.73%),while the largest...>>>
Aggressive offers from speculators push rhodium below $700/oz May 16,2016
Rhodium prices plummeted this week as banks and other financial institutions aggressively lowered their offers to attract industrial buyers, who had largely exited the market. The Platts New York Dealer rhodium price range fell to $650-$705/oz from $700-$740/oz last week. Rhodium had been holding within the $700-$750/oz range since mid-March....>>>
Turkey gold imports surge 92% in April to 3.2 mt, highest level this year May 16,2016
Imports of gold into Turkey totaled 3.2 mt in April, up 92% from March to reach the highest monthly import level since December, Borsa Istanbul data showed Friday. The total is 54% higher than 2.09 mt a year earlier, data showed. Turkey is the world's fourth-largest consumer of the metal after China, India and the US. Physical gold demand...>>>
SSAB Americas raises steel plate prices by $40/st May 16,2016
SSAB Americas announced on Friday it would be increasing plate prices for its customers by a minimum of $40/st for all new non-contract orders and for all existing non-contract orders acknowledged for shipment the week of July 3 and beyond. The increase applies for as-rolled mill plate, cut-to-length plate and hot-rolled coil greater than 72 in...>>>
Weekly US coal output falls 2.8% week on week to 10.9 million st: EIA May 16,2016
Weekly US coal production totaled an estimated 10.9 million st in the week that ended Saturday, down 2.8% from the prior week's estimate but 31.8% below the year-ago week, US Energy Information Administration data showed Thursday. Year-to-date coal production totaled an estimated 222.1 million st, down 33% from the same period a year ago. B...>>>
India's April coal imports down by 15% on year May 16,2016
India imported 15.9 million mt of coal in April, down 15% year on year, according to a coal ministry official. In value terms, the imports were worth Rupee 60.23 billion ($902 million), down 32% year on year. "Reduced import in 2015-16 resulted in saving of estimated Rupee 240 billion in foreign exchange," coal secretary Anil Swarup said in...>>>
French prompt power prices fall as demand weakens, wind gains May 16,2016
French prompt power prices fell Friday with the weekend expected to show a rise in renewables output in France and Germany, while demand Monday was forecast to reach a high of only 48.4 GW during peakload hours, down around 7 GW from Friday, due to the Whit Monday public holiday, sources said. Baseload power for delivery Monday was last heard t...>>>
UK long-range gas storage injections begin, medium-range holds off May 16,2016
Natural gas storage injections into Rough, the UK's only long range storage facility, have been running at full capacity recently, while medium- range facilities have held off beginning injections to await better NBP price spreads, data analysis by S&P Global Platts showed. Injections into the Rough reservoir have been running at full capacity ...>>>
North Dakota oil production falls 9,846 B/D in March: state agency May 16,2016
North Dakota's crude oil production fell less than 1% or 9,846 b/d in March from the previous month, the state's department of mineral resources said Thursday, a smaller decline than officials had expected. The state produced 1.109 million b/d in March, compared with 1.119 million b/d in February, the agency said. The state notched peak product...>>>
Pakistan in negotiations with Iran to import 75,000 mt of LPG over one year May 16,2016
Pakistan is locked in price negotiations with Iran to import some 75,000 mt of LPG over one year after signing a preliminary agreement last week, which would make it the first regular purchaser of LPG from the Middle Eastern producer after Western sanctions were lifted, a top executive said. The All Pakistan Liquefied Petroleum Gas Distributors...>>>