Chemical News
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Four producers announce North American IPA price increases Apr 19,2016
A group of four isopropyl alcohol producers intend to increase pricing for North American product 2-3 cents/lb by the end of this month or at the start of May, according to company letters seen Monday by Platts. ExxonMobil Chemical will increase IPA pricing by 3 cents/lb on April 26, the company said in a letter to customers dated Monday. The i...>>>
US railroads in 'energy depression' with downturn of coal: RETAC Apr 19,2016
Officials with coal producers, power utilities and railroads who attended a recent federal advisory committee meeting all lamented the state of the US coal industry, with one member calling the situation an "energy depression." Since the US Surface Transportation Board's Rail Energy Transportation Advisory Committee last convened December 1, bo...>>>
Storms cut power for over 122,000 in Houston, prices swing widely Apr 19,2016
Heavy rains cut off power for more than 122,000 Houston-area customers early Monday, and real-time wholesale prices swung from less than $16/MWh to more than $73/MWh, according to distributors and the Electric Reliability Council of Texas. Rainfall totals ranging from 10 to 20 inches were measured in southeast Texas on Monday morning, according...>>>
Italy's gas imports from Russia hit new low, Algerian flows at steady high Apr 19,2016
Italian gas imports from Russia and northwest Europe hit new lows on Sunday, as flows from Algeria continued to defy expectations, remaining at a steady high since the start of April, according to data from Eclipse Energy, an analytics unit of Platts, Monday. The rise in Algerian gas exports to Italy since the start of the second quarter has se...>>>
Gasoil 0.1% sulfur FOB barges at parity with CIF NWE cargoes on tight supply Apr 19,2016
Gasoil 0.1% sulfur FOB Amsterdam-Rotterdam-Antwerp barges have risen to parity with CIF Northwest European cargoes for the first time this year, supported by a lack of material available in tanks, sources said. Gasoil 0.1% sulfur FOB barges' spread to front-month low sulfur gasoil futures rose $4/mt Friday to minus $5.75/mt, Platts Market Data ...>>>
China's magnesium output to hit 1.3 mil mt in 2020 on rapid growth forecast for light materials Apr 19,2016
China's refined magnesium output is forecast to rise to 1.3 million mt by end 2020, Hong Kong-headquartered magnesium producer Century Sunshine said in a filing to Hong Kong Stock Exchange Monday. With current emphasis on producing more eco-friendly and light materials, magnesium alloy will enjoy rapid growth in the coming years as it is enviro...>>>
100 Spot Commodities Price Chart - 15/04/2016 Apr 18,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 22 fell and 46 remained unchanged on 15/04/2016.The largest rises were Propylene oxide (3.01%),Polysilicon (2.98%),2-EH (1.37%),while the largest ...>>>
New BPA deal could keep Alcoa's Intalco smelter running past June Apr 18,2016
Alcoa should learn later this spring whether the Bonneville Power Administration gives its final approval for a power agreement that would allow the company's Intalco aluminum smelter in Ferndale, Washington, to remain in partial operation at least into February 2018, BPA officials said Thursday. The 279,000 mt/year plant was scheduled to close...>>>
Turkish imported steel scrap market rises as mills seek feed Apr 18,2016
The Turkish market for imported deepsea scrap strengthened again Thursday as mills sought tonnage to produce recent rebar bookings, and other regions looked to resume purchasing. Platts daily assessment of Turkish premium heavy melting scrap I/II (80:20) imports rose $2/mt to $272/mt CFR. A merchant in Germany said capacity utilization was ...>>>
Brazilian steel mills negotiate upper prices with industrial sector Apr 18,2016
Brazilian flat steel makers have begun negotiating higher prices for the industrial sector starting in May, sources said Friday. "ArcelorMittal, CSN and Usiminas are conducting talks and planning to have their new pricing lists valid on May 1," an executive said. "The percentage of the price increase is in line with that recently announced for ...>>>