Chemical News
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Asia's top consumers paid more than $10/MMBtu for gas in 2015: IGU May 11,2016
The LNG-dependent countries of Asia Pacific paid the world's highest wholesale prices for gas in 2015, according to a new survey from the International Gas Union. Wholesale prices for gas were highest in South Korea at more than $10/MMBtu, with Japan also paying double-digit figures, the IGU's Wholesale Gas Price Survey for 2016 showed. The...>>>
Path for US shale oil supply finds disagreement at Platts summit May 11,2016
Roughly 4,200 miles from the heart of the Bakken Shale, the future of US shale oil became the focus of the Platts Global Crude Oil Summit in London Tuesday. There was sharp disagreement between analysts over whether US shale production had peaked, where the supply bottom may be, how quickly production might ramp up and even if American producer...>>>
China aluminum: ADC12 trade stays thin awaiting stability in SHFE, LME May 11,2016
Chinese spot aluminum ADC12 alloy trading was lackluster for the second week running as prospective buyers waited for aluminum prices on the Shanghai Futures Exchange and London Metal Exchange to stabilize, sources said Tuesday. SHFE and LME primary aluminum prices trended down this week, after hitting multi-month highs in April. SHFE May hover...>>>
Private exporters sold 290,000 mt of US corn in one day: USDA May 10,2016
Private exporters reported Friday the sale of 290,000 mt of corn in one day, the US Department of Agriculture said Monday. Of the total, 170,000 mt were for delivery to Japan during the 2015-16 marketing year (September-August) and 120,000 mt were for delivery to unknown destination, also for the current marketing year. Exporters are requir...>>>
Dollar gold price comes off the boil, speculators cash in recent profits May 10,2016
A firmer US dollar set the tone for a weaker gold price Monday, after bullion was given a boost last week by weaker-than-expected employment data from the US. The US Dollar index now at 94.04, is up 0.22% and its highest since 28 April. Commerzbank analysts said in research published Monday that, "financial investors clearly took profits' a...>>>
US steel industry capability utilization rises to 74.7% May 10,2016
US raw steel output spiked last week, and the industry's capability utilization rate rose to 74.7%, according to American Iron and Steel Institute data released Monday. In the week ended Saturday, US mills produced 1.748 million of steel, up 2.2% from 1.711 million st the week before. The industry's capability utilization climbed to 74.7% from ...>>>
US styrene-benzene spread widens back past $400/mt May 10,2016
The US styrene-benzene spread widened by $15.42/mt week on week to an assessment at $407.61/mt on Monday. The spread had fallen below $400/mt on April 26 when it was $380.23/mt but rebounded over the remainder April and into May, according to S&P Global Platts data. It bounced back over $400/mt on May 3 at $404.15/mt before peaking at $417.70/m...>>>
ICE coal futures slip 1% lower on-month in Apr to 205.6 mil mt May 10,2016
The volume of coal traded and cleared on the ICE futures platform during April slipped 1% month on month to 205.6 million mt, with a higher ICE Rotterdam total offset by lower volumes in the South African and Australian FOB markets, according to data from energy exchange ICE Futures Europe and electronic trading platform globalCOAL late Friday....>>>
Alberta installed generation capacity set to jump 44%: AESO May 10,2016
Alberta's installed capacity is expected to jump by about 44% to 23,400 MW in the next 15 years on load growth and a shift in generating sources, according to a report from the province's grid operator. At the same time, Alberta's generation mix will likely be overhauled because of a provincial plan requiring that coal-fired emissions cease in ...>>>
Yamal LNG now contracted to sell 100% of future LNG output: Novatek May 10,2016
The partners in the planned Yamal LNG project in Russia have now contracted to sell 100% of its future output, a senior official from operator Novatek said Monday. Speaking at the Flame conference in Amsterdam, Novatek deputy chairman Mark Gyetvay said the project was now fully financed to completion following the finalization of a loan from Ch...>>>