Chemical News
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China's nine top molybdenum producers agree to 10% production cuts in 2016 May 13,2016
Nine leading molybdenum producers in China have proposed cutting national production of molybdenum concentrates by 10% in 2016 as the industry faces continuing challenges of severe overcapacity, cut-throat competition, slumping prices in both international and domestic markets. According to a joint proposal released Thursday by the producers th...>>>
100 Spot Commodities Price Chart - 10/05/2016 May 12,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,13 commodities increased in prices, 33 fell and 53 remained unchanged on 10/05/2016.The largest rises were Coke (2.46%),Dysprosium oxide (1.57%),Polysilicon (1.09%),while the largest...>>>
US ethanol producers' maintenance season now ended: sources May 12,2016
Maintenance season for US ethanol producers has come to a close, sources said Wednesday as Energy Information Administration data showed production rose 39,000 b/d week on week to 962,000 b/d in the week that ended May 6. US producers typically take plants offline for maintenance in April, reducing production. Production reached a one-year lo...>>>
Asia alumina: Australia weakens on week-long aluminum plunge May 12,2016
The Platts Australian alumina daily assessment slipped $1/mt Wednesday to $262.50/mt FOB, with bids pulled down by steep decreases in aluminum prices in the last week on the London Metal and Shanghai Futures exchanges. Additionally, prospective buyers said they were approached by a number of stockholders. With aluminum prices in decline, sellers ...>>>
Gerdau, Nucor raise US wire rod prices May 12,2016
On the heels of higher scrap pricing for May, Gerdau Long Steel North America and Nucor have independently raised US wire rod prices for June. In a letter sent to customers Monday, Gerdau said it would be increasing the transactional prices of wire rod products by $40/st, effective June 1. Nucor followed Tuesday, announcing a $20/st increas...>>>
Turkish import ferrous scrap down as sentiment sours May 12,2016
Turkish import ferrous scrap plunged on Tuesday as sentiment turned downward. Bearish attitudes based on a lack of bookings and pressure from Chinese billet sales in Asia at $300/mt FOB fogged a definite price for market participants, sources said on Tuesday. "I really don't know what's happening," a buyer for an electric arc furnace-based ...>>>
US brass mill product imports decrease in March, exports rise: trade group May 12,2016
US imports of brass mill products fell in March compared with the prior-year month, while exports jumped, according to data released Wednesday by the Copper & Brass Fabricators Council. March imports totaled 40.1 million lb, compared with 48.1 million lb in March 2015, a decrease of 17%, the Washington-based trade group said in a report. Expo...>>>
USGC propane climbs to 1-year high on inventory draw, export demand May 12,2016
US Gulf Coast propane climbed to a 1-year high on Wednesday, pressured higher on gains in crude futures and an inventory draw in the region, despite a build nationally. Non-LST propane rose 2.875 cents to 52 cents/gal, or 47% of crude futures as regional exports were expected to rise this month. The assessment was propane's highest since May 5,...>>>
UK March thermal coal imports plunge 87% on year to 306,401 mt May 12,2016
The UK imported 306,401 mt of thermal coal in March, plunging 87% year on year and down 53% from February to the lowest level since Platts records began in January 2012, according to customs data received late Tuesday. In the first quarter of 2016, the UK imported 1.64 million mt of thermal coal, down 80% compared to Q1 2015. The UK's therm...>>>
Most PJM capacity prices likely lower this auction: observers May 12,2016
The PJM Interconnection's capacity market auction, of which 80% must be capacity-performance resources, for the 2019-2020 year started Wednesday and continues through Tuesday, and industry observers say growing supply and lightening loads indicate lower prices ahead for most areas. The auction is to acquire 157,092 MW of capacity, and the price...>>>