Chemical News
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US spot butadiene climbs to five-month high on supply tightness Apr 18,2016
US spot butadiene was assessed Friday at 36 cents/lb ($794/mt) CIF US Gulf Coast, up 1.5 cents/lb on the week, due to supply tightness, sources said. The assessment was at its highest level since November 13, when it was at 38 cents/lb CIF USG, according to Platts data. The US market was talked in the mid-30s cents/lb, but sources said it w...>>>
Midwest utilities retire more than 2,000 MW of coal-fired generation Apr 18,2016
Friday marked the retirement of another 2,000 MW of older coal-fired generation in the Midwest. Though not unexpected, the coal retirements continued a trend in a region that for decades has relied heavily on coal to produce electricity. Coal still comprises a sizable share of the generation portfolio, but it is slowly being replaced by renewab...>>>
European natural gas trade slips 18% month on month in March Apr 18,2016
European natural gas traded volume posted a significant monthly fall in March as both over-the-counter and exchange liquidity dried up last month, Platts Market Data shows. Total European traded volume fell 18% month on month and 14% year on year in March to 3,988 TWh, split between OTC and exchange at 2,689 TWh and 1,299 TWh respectively. ...>>>
European diesel premiums rally to 5-week high on tight prompt Apr 18,2016
Northwest European premiums for delivered cargoes of ultra-low sulfur diesel rallied to five-week high levels Thursday, buoyed by tight prompt availability. In Northwest Europe, CIF cargoes were assessed $5.75/mt above front-month ICE low sulfur gasoil futures, the strongest premium recorded since March 7 when it was $6/mt. Trading sources ...>>>
Oil futures weaken as traders prepare for Doha meeting Apr 18,2016
Oil futures fell Friday ahead of a meeting in Doha Sunday in which major oil producers are expected to discuss a potential output freeze agreement. NYMEX May crude settled down $1.14 at $40.36/b. ICE June Brent settled 74 cents lower at $43.10/b. NYMEX May ULSD settled down 2.21 cents at $1.2322/gal. NYMEX May RBOB settled down 4.44 cents a...>>>
Iran raises oil production to more than 3.5 million b/d: NIOC Apr 18,2016
Iran, seeking to regain its market share lost over the past few years to now-lifted sanctions, has raised its oil production to above 3.5 million b/d, the National Iranian Oil Company said Saturday. NIOC managing Rokneddin Javadi announced the figure in a report by oil ministry news service Shana. "Average oil exports alone in April will re...>>>
China's March coal output down 4.5% on year Apr 18,2016
China mined 293.8 million mt of coal in March, down 4.5% on year, according figures released Friday the National Bureau of Statistics. In January-March, China mined a total of 811.27 million mt of coal, down 5.3% on year. China generated 477.9 billion kWh of electricity in March, up 4.0% on year, of which coal-fired power accounted for 364....>>>
100 Spot Commodities Price Chart - 14/04/2016 Apr 15,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,33 commodities increased in prices, 17 fell and 49 remained unchanged on 14/04/2016.The largest rises were Natural rubber (5.22%),SBR (5.07%),Iron ore (4.19%),while the largest falls...>>>
Brazil Guarani Tereos sees its 2016-17 sugarcane crush at 20.5 mil mt Apr 15,2016
Guarani, a company controlled by the cooperative group Tereos, officially started the 2016-17 sugarcane season Thursday, forecasting a rise in its cane crush of 1 million mt on the year to 20.5 million mt. The director of the Brazilian division of Tereos, Jacyr Costa Filho, told an event in the city of Bebedouro to mark the start of the season ...>>>
Molybdenum oxide drifts, business booked at $5.25/lb Apr 15,2016
The molybdenum oxide market continued to drift Tuesday, sources said. Prices were indicated slightly lower again, with two traders in Europe matching price levels heard concluded in Asia and selling oxide powder at $5.25/lb, basis in-warehouse Rotterdam. Contrasting the molybdenum market with the recent surge in vanadium prices, one comment...>>>