Chemical News
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UK wholesale natural gas prices bullish on short system, oil gains Apr 22,2016
UK wholesale natural gas prices turned bullish on the open Thursday as the UK gas system was seen short, with further support offered for the NBP curve as oil prices rose further in overnight trade. National Grid 10:00 am (0900 GMT) forecasts put UK gas demand for Thursday at 239 million cu m, 37 million cu m higher than the seasonal norm, with...>>>
Colombia's Ecopetrol perfects gasoline stream, shops high sulfur gasoline Apr 22,2016
While naphtha production at Ecopetrol's Reficar refinery appears to have come of age, with several virgin naphtha cargoes seen exported from the refinery in recent months, gasoline units at Reficar continue to experience growing pains. The $8.1 billion Reficar refinery, which has been ramping up production since its inauguration in October, i...>>>
China's Mar 11-20 aluminum price rises 1% from March 1-10: NBS Apr 22,2016
China's domestic primary aluminum price averaged Yuan 11,306.2/mt ($1,742/mt) over March 11-20, up 1.1% from Yuan 11,183.5/mt over March 1-10, the National Bureau of Statistics said Thursday. NBS conducts a survey on domestic prices, covering nine categories of essential feedstocks, three times a month. Aluminum falls under the category of ...>>>
100 Spot Commodities Price Chart - 20/04/2016 Apr 21,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,38 commodities increased in prices, 11 fell and 50 remained unchanged on 20/04/2016.The largest rises were Silver (6.74%),Hot rolled coil (5.59%),Cold rolled sheet (3.52%),while the ...>>>
Upward momentum continues for ferrous scrap in East Asia Apr 21,2016
Ferrous scrap prices continued to soar in East Asia on strong demand for scrap bolstered by rising regional steel prices. Market participants are finding it difficult to keep pace of the rising market, trading sources said Wednesday. Overseas buyers' strong scrap buying appetite is propelling Japanese scrap prices higher, Japanese trading s...>>>
Chile sets 38.9% antidumping duty against imports of steel wire rod Apr 21,2016
Chile's Anti-Price Distortion Commission, or CNDP, announced the conclusion of an antidumping investigation over imports of steel wire rod and recommended the imposition of a 38.9% duty for at least the next six months. The measure will be in effect from the date of publication of the decision in the country's official gazette, expected in the ...>>>
Ukraine's Jan-Feb exports of ferroalloys down 15.9% on year Apr 21,2016
Ukraine's exports of ferroalloys in January-February fell 15.9% on the year to 130,490 mt from 155,140 mt in the same period a year ago, the state statistics service reported Wednesday. At the same time, revenues from exports of ferroalloys dropped 52% to $99.8 million from $207.8 million a year ago, the statistics service said. In January ...>>>
Nucor to raise US steel plate prices another $40/st Apr 21,2016
Nucor will raise US steel plate prices another $40/st, it said Wednesday. The increase would be effective immediately on all new orders, as well as existing spot orders acknowledged for the week of June 4 production and beyond. The new increase is on top of the $60/st increase Nucor announced on April 8 and occurred around similar announcemen...>>>
European toluene market contango steepens as April interest wanes Apr 21,2016
The contango structure in the European toluene market has steepened as the interest for April volumes waned, sources said. Toluene was assessed Tuesday at $579/mt FOB ARA for April and $593.50/mt FOB ARA for May, a contango of $14.50/mt. The respective prices on Monday stood at $573.50/mt and $583/mt, a contango of $9.50/mt. "Nobody seems t...>>>
Deal with unions paves way to save Polish coal miner KW Apr 21,2016
Europe's largest hard coal miner, Poland's Kompania Weglowa (KW), agreed a deal late Tuesday with representatives from its 13 trade unions over pay cuts which paves the way for a rescue plan to save the company from imminent bankruptcy. Union leaders agreed to suspend payment of an annual monthly bonus to workers in 2017-18, which will result i...>>>