Chemical News
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100 Spot Commodities Price Chart - 25/04/2016 Apr 26,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,27 commodities increased in prices, 24 fell and 48 remained unchanged on 25/04/2016.The largest rises were PTA (2.34%),Color coated sheet (2.16%),Chloroform (1.77%),while the largest...>>>
US planted corn acreage hits 30%: USDA Apr 26,2016
A total of 30% of the intended US corn acreage has already been planted, the US Department of Agriculture said after Monday's market close in its weekly Crop Progress report. That is 14 percentage points above the five-year average, and 14 percentage points above year-ago figures, the report said. Emerged corn for the week ending April 24 r...>>>
Investors extend bullish gold position, add to four-year high: CFTC Apr 26,2016
Managed-money investors increased their net long gold positions on US commodity exchange COMEX to 174,107 contracts for the week to April 19, adding to last week's four-year high, data from the US Commodity Futures Trading Commission showed Monday. The figure is up 12% from 170,634 contracts the previous week, and is the largest net long positi...>>>
US raw steel production steady week on week Apr 26,2016
US raw steel production was nearly flat last week, and the industry's capability utilization was 72%, according to American Iron and Steel Institute data released Monday showed. In the week ended Saturday, US mills produced 1.684 million st, down 0.5% from 1.693 million st in the prior week. Last week's output was up 2.1% from the same week...>>>
US paraxylene contracts initially settling at 40 cents/lb: sources Apr 26,2016
US paraxylene contracts for April were initially settling at 40 cents/lb ($882/mt) Monday, 2 cents higher than March, sources said. Contract prices are typically settled retroactively. Market participants expected upward movement in April contracts because of higher paraxylene pricing in Asia and stronger demand to send paraxylene to that r...>>>
Canadian National's Q1 coal carloads, revenues drop sharply Apr 26,2016
Coal carloads and revenues fell significantly for Canadian National during the first quarter, the Montreal-based railroad said Monday. Citing weaker North American and global demand, CN said coal carloads totaled 79,000 during the period, down 31.3% from the same quarter a year ago, while coal revenues totaled C$93 million ($73.3 million), down...>>>
PJM average power prices hit 15-year low in March Apr 26,2016
Cheap fuel and mild weather caused wholesale power prices to plunge to a 15-year record low in the PJM Interconnection in March, stakeholders learned Monday. The PJM's load-weighted average locational marginal price was $22.97/MWh in March, compared with $25.95/MWh in February and $42.02/MWh in March 2015, Paul Sotkiewicz, PJM senior economic p...>>>
New estimate puts Israel's Leviathan gas resources far lower at 16.6 Tcf: sources Apr 26,2016
An updated assessment of the Leviathan offshore gas field puts the Israeli offshore field's estimated resources at 16.6 trillion cubic feet (about 453 billion cubic meters), 24% lower than a previous assessment, according to energy industry sources. The latest estimate, by Netherlands-based SGS, was prepared at the request of Israel's Energy ...>>>
Singapore gasoil structure strengthens on tightening supply Apr 26,2016
The front-month timespread for Singapore 500 ppm sulfur gasoil swaps on Friday strengthened to its highest in nearly five months, as spot supply of the middle distillate tightened on reduced production and firm demand. The May/June spread was assessed at 11 cents/b Friday, inching up 1 cent/b after flipping into a backwardation of 10 cents/b Th...>>>
VGO sinks below $50/b with feedstock under pressure in USGC Apr 26,2016
The lowest-sulfur US Gulf Coast VGO, still losing support with a key Houston-area refinery FCC down, fell below $50/b Monday despite stronger refined products cracks and market talk of a drawdown in supply. VGO at maximum 0.5% sulfur (low-sulfur VGO) fell $1.52/b to a two-week low at $48.54/b and went below $50/b for the first time since April ...>>>