Chemical News
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German day-ahead power prices higher on wind, temperature decline Apr 21,2016
German day-ahead power prices climbed higher Wednesday as wind output was set to drop sharply for a second consecutive day, ahead of further temperature declines which will likely increase demand. Baseload power for Wednesday delivery was last heard trading OTC at Eur25.35/MWh, Eur1.35 above where Wednesday power closed on Tuesday, while peaklo...>>>
Sinopec's second LNG project at Beihai begins commercial operations Apr 21,2016
State-owned China Petroleum and Chemical Corp., or Sinopec, received the first commercial cargo at its newly commissioned Beihai LNG terminal in Guangxi province, the company said in a statement Tuesday. The Methane Spirit, loaded with a 160,000 cubic meter cargo from the Australia Pacific LNG project, docked at the terminal on April 19, markin...>>>
Low-carbon transport could curb oil prices by 24% in 2040: study Apr 21,2016
New policies to promote low-carbon transport such as electric vehicles would curb future oil price rises and could lower global demand for crude by 11 million b/d by 2030, according to a new study commissioned by environmental groups. As a result of further moves to cut greenhouse gas emissions, lower demand for oil would cut global spending on...>>>
International thermal coal market adjusts to China's changing dynamics Apr 21,2016
Seaborne cargo sellers are battling several headwinds in the China thermal coal market including stalling demand, lower economic growth and competition from renewable energy sources, said a range of market sources at the Coaltrans China conference in Beijing last week. Experts foresee the international thermal coal market entering a period of s...>>>
100 Spot Commodities Price Chart - 19/04/2016 Apr 20,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,24 commodities increased in prices, 17 fell and 58 remained unchanged on 19/04/2016.The largest rises were SBR (4.92%),BR (3.21%),Iron ore (2.74%),while the largest falls were LDPE (...>>>
Private exporters sold 241,516 mt of US corn in one day: USDA Apr 20,2016
Private exporters reported Monday the sale of 241,516 mt of corn to unspecified destinations, the US Department of Agriculture said Tuesday. Of the total 65,766 mt were for delivery during the 2015-16 marketing year (September-August) and 175,750 mt were for delivery during 2016-17. Exporters are required to report any US export sales of 10...>>>
US steel sheet prices steady after large increases last week Apr 20,2016
US sheet buyers saw the market steady for now on Monday, after steel mills pushed prices up aggressively the week before. The Platts daily hot-rolled coil and cold-rolled coil assessments remained unchanged Monday at $500-$520/st and $680-$700/st, respectively. The midpoints were up $40/st for HRC and $60/st for CRC compared to last Monday....>>>
US Commerce Department starts South Korea ferrovanadium dumping probe Apr 20,2016
The US Department of Commerce began an antidumping investigation into imports of ferrovanadium from South Korea on Tuesday, the US International Trade Administration said. The move follows a petition filed by the Vanadium Producers and Reclaimers Association and its members AMG Vanadium, Bear Metallurgical Company, Culf Chemical Corporation and...>>>
Mix of steel buying needs seen for US sheet amid rising prices Apr 20,2016
The US sheet market saw a split in service center buying needs Tuesday, as some were still heavy from the fourth quarter or able to live off contracts, while others were caught short and trying to get orders in amid tight supplies. Last week's Metals Service Center Institute service center and shipment data indicated that overall inventories he...>>>
US Gulf Coast spot ethane tops 20 cents/gal for first time since October Apr 20,2016
Gulf Coast ethane prices topped 20 cents/gal on Tuesday for the first time since October, despite multiple steam cracker outages in the region. Non-LST ethane rose 75 points to 20.375 cents/gal Tuesday as natural gas futures rallied 14.8 cents to settle at $2.088/MMBtu. Ethane has climbed more than 4 cents since the beginning of the month, ...>>>