Chemical News
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Kashagan oil field to relaunch in June 2017: CNPC vice president Apr 25,2016
Kazakhstan's giant Kashagan oil field will relaunch in June 2017, China's CNPC first vice president Wang Zhongcai told reporters in Moscow Thursday, in comments that indicate the project may be delayed beyond recent forecasts given by other consortium partners at the end of last year. Kazakhstan's KazMunaiGaz, which owns the largest stake in th...>>>
China's Sinopec settles Apr paraxylene CP at Yuan 6,200/mt, up Yuan 105/mt from Mar Apr 25,2016
State-owned China Petroleum and Chemical Corporation, or Sinopec, settled its April contract price for paraxylene at Yuan 6,200/mt Friday, up Yuan 105/mt from its March settlement, market sources said. Based on an exchange rate of 6.4803, the April CP settlement is equivalent to about $801.70/mt on an import parity basis. April was initiall...>>>
100 Spot Commodities Price Chart - 21/04/2016 Apr 22,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,32 commodities increased in prices, 12 fell and 55 remained unchanged on 21/04/2016.The largest rises were PTA (4.77%),Steel I bean (4.72%),Iron ore (4.40%),while the largest falls w...>>>
Rio Tinto, Anglo American Q1 2016 hard coking coal production output falls Apr 22,2016
Rio Tinto and Anglo American reported this week declining January to March quarter 2016 production figures compared with last year. Rio Tinto Group reported hard and semi-hard coking coal share of production for Q1 2016 was 1.982 million mt, down 1% from Q1 2015 and up 4% from the previous quarter, according to a statement. Rio's semi-soft coki...>>>
Iron ore prices surge while miners' data falls short on expected supply Apr 22,2016
Iron ore prices Thursday surged to a 15-month high, led up by global steel price increases and healthy Chinese buying, while being supported by growing data from miners this week suggesting the supply bonanza the market had been expecting may fall short. Anglo American Thursday said output of pellet feed in Brazil from Minas-Rio, which is still...>>>
Platts Australian alumina firms $1/mt on bullish aluminum Apr 22,2016
The Platts Australian alumina daily assessment firmed $1/mt on Thursday to $255.50/mt FOB, with bid-ask levels lifted by a bullish trend in global aluminum prices. Aluminum has been trading at eight- and six-month highs on the Shanghai Futures and London Metals exchanges, giving smelters a certain confidence to restock alumina. In recent da...>>>
Chile's Codelco restarts El Teniente copper mine after rains Apr 22,2016
Codelco Thursday began to restart production at its El Teniente mining and smelting complex in central Chile, five days after heavy rains damaged roads and infrastructure, the state company said. After restoring temporary access to the underground mine, ore transport from the mine to the processing plants was restarted and grinding and concentr...>>>
Cracker shutdown due to explosion at Pajaritos petchems complex: source Apr 22,2016
A major explosion Wednesday at the vinyl chloride monomer plant in the Pajaritos petrochemicals complex in Mexico's southern Gulf state of Veracruz has caused Petroquimica Mexicana de Vinilo (PMV) to shut down its cracker there, a source with knowledge of business operations said Thursday. "The cracker is located in the same complex but was not...>>>
South 32's July-March thermal coal output falls 7% on year to 24.97 mil mt Apr 22,2016
Diversified miner South 32 produced 24.97 million mt of thermal coal in the nine months ended March 31, slipping 7% on the year, according to the producer's quarterly report released Thursday. Thermal coal production for the January-March quarter also fell 16% on the year to 7.93 million mt, also 5% down from the previous quarter. South 32'...>>>
US Senate passes wide-ranging energy policy bill by 85-12 vote Apr 22,2016
A broad bipartisan US energy policy bill cleared the Senate by an 85-12 vote Wednesday, winning backing from groups across the political spectrum. The legislation (S. 2012), which would mark the first time the Energy Policy Act has been reformed since 2007, contains provisions highly sought after by US LNG developers seeking more certainty that...>>>