Chemical News
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Nigeria rules out negotiations with oil pipeline attackers May 12,2016
Nigerian military high command Wednesday ruled out engaging militants sabotaging oil production facilities in the Niger Delta, saying it would rather deploy "every available resources to deal decisively" with the militants. Recent attacks on Nigeria's oil facilities by Niger Delta militants have caused Nigerian production to fall by 12% to arou...>>>
China to raise retail fuel prices May 12,2016
China will raise retail oil prices from Thursday to adapt to warming global markets, the country's top economic planner announced Wednesday. The prices of gasoline and diesel will rise by 120 yuan (18.46 U.S. dollars) and 115 yuan per tonne, respectively, according to a statement from the National Development and Reform Commission (NDRC). T...>>>
100 Spot Commodities Price Chart - 09/05/2016 May 11,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,16 commodities increased in prices, 38 fell and 45 remained unchanged on 09/05/2016.The largest rises were Nitric acid (3.59%),Polysilicon (1.35%),Soybean meal (1.06%),while the larg...>>>
Brazil's UNICA changes publication schedule for sugar, ethanol production May 11,2016
Brazilian sugar industry association UNICA will change its official publication schedule for sugar and ethanol production from Center-South Brazil, a UNICA spokeswoman said Tuesday. The sugar and ethanol industry considers UNICA the official source for data related to production, including cane crush, sugar and ethanol production, total recover...>>>
USDA puts 2016/17 ending stocks estimate for US corn at 2.153 bil bushels May 11,2016
The US Department of Agriculture on Tuesday released its forecast for ending stocks of corn produced in the US for the 2016-17 marketing year to 2.153 billion bushels. In its latest monthly World Agricultural Supply and Demand Estimates report, the agency released its first forecasts for for the 2016-7 marketing year and most were higher comp...>>>
LME steel scrap contract sees first voice-brokered trade May 11,2016
Stemcor executed the first voice-brokered trade on the London Metal Exchange's ferrous scrap contract last week via INTL FCStone, the exchange said Tuesday. The trade was for 1,000 mt (100 lots), which was the largest clip to date, according to the bourse. "Real industry prefers to hedge through trades quoted over the phone by their brokers...>>>
Fiscal maneuvers distort aluminum scrap pricing in Mexico May 11,2016
The recurring noncompliance of Mexico's taxation law regarding IVA tax (the local VAT) is boosting aluminum scrap prices in the country, according to sources on both the buying and selling sides. Mexican law requires the 16% VAT to the net value of all domestic scrap negotiations be retained by the local government, but many companies are skipp...>>>
PBF Holding Company LLC to increase xylene, toluene by 3 cents/lb May 11,2016
PBF Holding Co LLC will raise its truck and rail toluene and xylene prices in the US and Canada by 3 cents/lb to both consumer and distribution accounts effective Tuesday, according to a letter obtained by Platts. The price increases in both markets are in response to the current pricing level of US Gulf Coast barges, which have been rising a...>>>
Indian SCCL's April coal output up 2.7% on year to 4.4 mil mt May 11,2016
Indian state-run Singareni Collieries Company Limited (SCCL) produced 4.4 million mt of coal in April, up 2.7% on year but below its target for the month of 4.94 million mt, according to the latest data released by the company. SCCL, jointly owned by the government of Telangana and the central government on a 51:49 equity basis, is the second l...>>>
Colombian April thermal coal exports rise 20% on year to 6.79 mil mt May 11,2016
Colombia exported 6.79 million mt of thermal coal in April, climbing 20% year on year and also up 20% from March's 11-month low as shipments increased to Turkey and India, data from Colombian shipping agent Deep Blue showed Tuesday. During the first four months of 2016, thermal coal exports increased 2% on the year to 27.05 million mt. The ...>>>