Chemical News
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South Korean aluminum premiums supported by bullish Chinese market Apr 28,2016
South Korea's primary aluminum spot premiums were rangebound in the last week at $108-$112/mt plus LME cash, CIF Busan, despite lackluster import volumes. An extremely bullish Chinese domestic aluminum market had put a floor under South Korea, preventing premiums from slipping despite sluggish demand among the consumer and financial investor co...>>>
Physical gold Q1 demand slumps 29% to 781 mt; lowest for 7 years: GFMS Apr 28,2016
Global physical gold demand slumped 29% in the first quarter to 781 mt, down from 1,097 mt in fourth quarter of 2015, the lowest level for six years, the latest survey by Gold Fields Mineral Services showed Wednesday. The figure is 23.8% lower than 1,025 mt recorded in Q1 2015, the drop due primarily to weak Asian demand, according to the study...>>>
Chile maintains copper price forecast as scrap dries up Apr 28,2016
The Chilean Copper Commission has maintained its price forecast for 2016 at $2.15/lb despite expectations of slower demand growth in many markets, including China, the world's largest consumer of the metal, on expectations that scrap supplies will dry up. Presenting the government body's latest quarterly report, Mines Minister Aurora Williams s...>>>
US imported rebar prices continue upward Apr 28,2016
US imported rebar prices continued to climb this week as Turkish import offers to the US have jumped in recent days, market sources said Wednesday. Platts raised its US rebar import price assessment to $455-$464/st CIF Houston on Wednesday, up from $432-$441/st CIF. One US-based trader said Turkish offers to the US were up as high as $525...>>>
PVC import pricing into Peru increases for sixth consecutive week Apr 28,2016
Polyvinyl chloride import spot pricing in Peru continued to rise this week as both buyers and sellers indicated levels were pushing up toward the $900/mt CFR level. In Peru, import pricing rose $20/mt, assessed Wednesday at $845-$855/mt CFR basis as talk centered around rising prices from the US and regionally sourced material. The increase...>>>
JEA awards petcoke tenders totaling 210,000 st to IMI, Komsa Sarl Apr 28,2016
JEA late Tuesday awarded tenders for six cargoes totaling 210,000 st of delayed green petcoke for delivery to its Northside Generating Station, the Florida utility's fuel buyer said Wednesday. Two of those 35,000 st plus or minus 10% cargoes were awarded on a fixed price to IMI Fuels for delivery in July and August and will be delivered from ...>>>
Argentina's YPF says to fight $500 million lawsuit over gas deal Apr 28,2016
Argentina's state-run energy company YPF said Wednesday it will fight a legal claim seek more than $500 million in damages for rescinding natural gas export contracts in 2009. "YPF shall use all its legal resources to defend its interests and those of its shareholders," the company said in a filing with the Buenos Aires Stock Exchange. YP...>>>
Los Angeles jet fuel falls to one-month low on talk of incoming cargoes Apr 28,2016
Talk of incoming jet fuel cargoes helped the Los Angeles jet market to move 1.50 cents lower Wednesday to a one-month low. Platts assessed Los Angeles jet fuel at the NYMEX June ULSD futures contract minus 1.75 cents/gal, or $1.3673/gal outright. The last time the differential was lower was on March 21, when it was minus 3.75 cents/gal. Sev...>>>
China property growth beyond provincial capitals key to iron ore: Morgan Stanley Apr 28,2016
Iron ore prices have been recently supported by infrastructure and property-related demand in China, while further increases to steel and iron ore prices may be dependent on the scale of property growth outside China's largest and best known cities, Morgan Stanley said Wednesday. The bank sees faster property demand growth in Tier 1 and 2 cites...>>>
100 Spot Commodities Price Chart - 26/04/2016 Apr 27,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,28 commodities increased in prices, 14 fell and 57 remained unchanged on 26/04/2016.The largest rises were Stainless steel plate (3.68%),Coke (2.13%),Adipic acid (1.69%),while the la...>>>