Chemical News
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100 Spot Commodities Price Chart - 11/05/2016 May 13,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,20 commodities increased in prices, 30 fell and 49 remained unchanged on 11/05/2016.The largest rises were Soybean meal (4.19%),Palm Oil (1.25%),Silver (1.01%),while the largest fall...>>>
Global soybean demand to exceed production in 2016/17: UFOP May 13,2016
Global soybean demand is likely to exceed output by about 4 million mt in 2016/17, the the German Union for Promoting Oil and Protein Plants (UFOP) said Thursday. It forecast consumption of soybeans in 2016/17 up 10 million mt at 328 million mt, while output was estimated to rise 8 million mt to a record high of 324 million mt. The year-on-...>>>
Russia's Metalloinvest to supply ISH high-Fe iron ore concentrate May 13,2016
Russian miner Metalloinvest said it signed a Ruble 6.8 billion ($105 million) sales agreement for high-Fe iron ore concentrate to Industrial and Steelmaking Holding (ISH), with pricing based on market fluctuations. Metalloinvest will deliver iron ore with up to 69.5% Fe from the Lebedinsky GOK complex to ISH's Tulachermet site from May 1, 2016,...>>>
Global gold demand up 21% in Q1 to 1,290 mt: WGC May 13,2016
Global gold demand totaled 1,290 mt in the first quarter, up 21% from 1,070 mt a year earlier, as the biggest quarterly inflow into exchange-traded funds since 2009 offset a steep decline in jewelry demand, the World Gold Council said in a report Thursday. The figure is up 16% from 1,111 mt in the fourth quarter of 2015, the WGC said. Inflo...>>>
European styrene market length set to drag on prices in May-June: sources May 13,2016
European styrene prices are expected to come under downward pressure for the rest of the month and into June on creeping length in the market, sources said this week. Fundamentals are seen easing in late May and June when two European plants restart production from planned turnarounds. Shell's Moerdijk POSM-1 unit is expected to restart by ...>>>
Polish Q1 coal production up 4.3% on year at 17.7 million mt May 13,2016
Hard coal production from Polish mines in the first quarter increased 4.3% year on year to 17.7 million mt, and sales rose 4.1% to 17.3 million mt, the Industrial Development Agency (ARP) said Thursday. The amount of hard coal stockpiled increased to 6 million mt at the end of March from 5.8 million mt at the beginning of the year but sales kep...>>>
S Korean Kogas' Q1 LNG imports mark first increase in two years May 13,2016
South Korean state-owned Korea Gas Corp.'s LNG imports edged up 0.5% year on year in the first-quarter, as demand climbed 1% on a cold snap. Kogas, the world's biggest LNG buyer, imported 9.82 million mt over January-March 2016, up from 9.77 million mt a year earlier, a company official said Thursday. It marks the first year-on-year quarterly i...>>>
UK spot gas prices up on thinner pipeline imports, LNG May 13,2016
Spot gas prices in the UK's NBP hub rose in early trading Thursday, as supply from Norway and sendouts from the two LNG terminals at Milford Haven dropped early in the morning which, despite increased supply from Bacton, left fundamentals on the undersupplied side. At 11 am UK time, the within-day and day-ahead contracts were assessed at 31.85 ...>>>
Analysis: As LPG demand balloons, India to become more reliant on imports May 13,2016
A raft of government initiatives has propelled India's insatiable appetite for LPG to record highs, leading analysts to believe that growth is expected to hover close to double digit levels in the near to medium term as New Delhi intensifies its push towards cleaner fuels. But with LPG domestic demand growing at a much faster rate than output, ...>>>
Nigeria to deregulate domestic gasoline prices to woo importers: minister May 13,2016
The Nigerian government will deregulate the domestic pump price of imported gasoline in a bid to encourage private marketing companies to import more, minister of state for petroleum Emmanuel Kachikwu said late Wednesday, as the country seeks to end months of crippling fuel shortage. Kachikwu said on state television that the national fuel pric...>>>