Chemical News
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Ministry plans further cut in coal, rise in gas use by Israel Electric May 09,2016
Israel's Energy and Water Ministry said Thursday it will further reduce coal use by Israel Electric Corp, which will be offset by an increase in the use of domestic natural gas. The ministry's plan calls for an additional 5% cut in coal use from 2017 on top of the 15% reduction imposed this year. The ministry has also recommended the state-...>>>
Argentina to import 5 million cu m/d of gas from Chile May 09,2016
Argentina will start piping in its first regasified natural gas supplies from Chile next week, helping to reduce imports of diesel for use as power plant fuel during the Southern Hemisphere winter, a source in the Energy Ministry said Friday. The deliveries of 5 million cu m/d will start May 11 and continue for three months, the source said on ...>>>
Asia naphtha crack weakens to near 16-month low on weak demand May 09,2016
The Asian naphtha crack against front-month Brent crude oil futures weakened to its lowest in nearly 16 months Thursday, amid weak demand for naphtha. The crack between front-month ICE July Brent crude and CFR Japan naphtha cargo assessment weakened $7.625/mt day on day to be valued at $49.625/mt Thursday, its lowest since $45.45/mt on January ...>>>
China's Apr coal imports from Australia's Gladstone port edges up from Mar May 09,2016
China imported 428,000 mt of coal from Gladstone port in Australia's central Queensland last month, marginally higher from 415,000 mt in March, and 150,000 mt in February, the Gladstone Ports Corporation said in a report Friday. Over January-April, China's coal offtake from Gladstone almost halved to 1.56 million mt from 3.6 million mt a year a...>>>
100 Spot Commodities Price Chart - 05/05/2016 May 06,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,20 commodities increased in prices, 36 fell and 43 remained unchanged on 05/05/2016.The largest rises were Polyester yarn (3.58%),Coke (1.50%),Dysprosium oxide (1.19%),while the larg...>>>
Silver demand up 3.4% in 2015 to 36,407 mt, highest on record May 06,2016
Global silver demand totaled a record 36,407 mt in 2015, up 3.4% from 35,206 mt in 2014, the Silver Institute said Thursday. Total supply declined 1.2% to 3,276 mt in 2015, resulting in a third consecutive annual physical deficit of 4,040 mt, up 65% from a 2,445 mt deficit a year earlier. Although mine production was higher on the year, up ...>>>
Asia ferrosilicon: Spot trades thin due to several holidays in the region May 06,2016
Spot trades for 75%-Si ferrosilicon in Asia were thin on the ground this week due to their being several holidays in the region, while offers generally remained steady, industry sources said Thursday. Japan was closed Tuesday to Thursday, while South Korea was closed Thursday with Friday also a holiday there. Chinese 75% Si ferrosilicon pri...>>>
Value of Bolivia's March zinc, silver, copper exports fall on year May 06,2016
The value of Bolivia's minerals exports dropped 13% year on year to $377.3 million in March due to declining metals prices and operations closures, the government said Wednesday. Zinc concentrate exports fell 12.6% year on year to $177 million, while silver dropped 10% to $136 million and copper plummeted 60% to $6.2 million in March, the Natio...>>>
Copper to reach $2.50/lb by 2017: Wood Mackenzie May 06,2016
Copper prices are likely to remain steady at current levels around $2.20/lb in the near term, but rise to $2.50/lb by 2017 on the back of electricity infrastructure growth in China and other developing nations, plus non-residential building construction globally, Wood Mackenzie senior researcher Nick Pickens said Thursday. "We're looking at g...>>>
Polyethylene, polypropylene contract prices hit 2016 highs on feedstock rise May 06,2016
Low density polyethylene contract prices reached a more than eight-month high Wednesday, following the rise in feedstocks. LDPE contract prices were assessed Wednesday at Eur1,560/mt ($1,793/mt), up Eur40 on the month. This followed the ethylene contract price fully settling at Eur910/mt FD NWE for May, up Eur40/mt from April. This occurred...>>>