Chemical News
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Joint effort needed for coal industry recovery by 2020: panel May 06,2016
Coal producers, utilities and railroads agree that working together is the best path toward 2020 recovery, panelists at a major coal conference said Thursday. As the coal industry shifts to a smaller market share from its status as baseload fuel, its participants each will play a part in finance decisions, contracting and transportation, acco...>>>
UK spot gas prices gain on lower Norwegian flows, exports May 06,2016
Spot gas prices jumped on the UK's NBP Thursday, as imports from Norway ticked down and exports to the European continent rose, balancing spot fundamentals. At 11:00 am in London, the within-day and day-ahead contracts were at parity, both assessed at 30.30 pence/therm respectively, compared with Wednesday's day-ahead close of 28.25 p/th. S...>>>
Malaysian Kimanis crude price differential falls to all-time low May 06,2016
Premiums paid for Malaysia's Kimanis crude tumbled to a record low in Asia, as ample supply for loading in June coupled with weak middle distillate refining margins and a flow of arbitrage cargoes from the West weighed heavily on the light sweet grade, market participants said Thursday. Platts assessed Kimanis crude at a premium of $2.50/b to A...>>>
Gasoline components storage play on steepening contango: sources May 06,2016
European gasoline blenders are offering out blending components rather than finished-grade gasoline on the back of a contango pricing structure in the gasoline market, industry sources said this week. Prices of octane boosters such as reformate have been firming in recent days, despite a slowdown in aromatics arbitrage demand from China and sof...>>>
100 Spot Commodities Price Chart - 03/05/2016 May 05,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,35 commodities increased in prices, 22 fell and 42 remained unchanged on 03/05/2016.The largest rises were Coke (6.91%),DOP (2.66%),Coking coal (2.37%),while the largest falls were P...>>>
Bursa Malaysia CPO prices hit lowest level since March at MR2,529/mt May 05,2016
The crude palm oil front-month futures contract on the Bursa Malaysia exchange fell to MR2,529/mt or $644.90/mt on Tuesday, its lowest level since March 15 when it was MR2,525/mt. The palm oil futures contract was predicted to rise beyond the MR3,000/mt mark, on production worries caused by El Nino-related drought affecting parts of Malaysia an...>>>
T2 ethanol breaches Eur500/cu m mark for first time since February May 05,2016
A return of keen buying interest saw the Platts T2 ethanol assessment push through the Eur500/cu m ceiling to Eur504/cu m, up Eur19/cu m, for the first time since February 17 on the first assessment day of the new month Tuesday. Sentiment was "firmer" during the day according to one source, with the paper market also seeing increases. The front...>>>
Molybdenum oxide prices still firm, sales booked at $6.50/lb May 05,2016
Molybdenum oxide prices remained firm Tuesday in a trading week set to be disrupted by holidays in the UK, Japan and later in the week much of mainland Europe and South Korea. Spot moly oxide powder sales were reported concluded at $6.40/lb in-warehouse Rotterdam and $6.50/lb in-warehouse India, both for prompt release, with oxide briquettes so...>>>
Lack of availability in US plaguing steel sheet buyers May 05,2016
While offer prices for hot-rolled and cold-rolled coil heard in the US continued to climb, buyers on Wednesday were struggling to find spot availability. Although the majority of prices referenced by sources approached or surpassed $600/st for HRC and $800/st for CRC, Platts maintained its daily assessments because it was unclear if mills were ...>>>
European March chlorine production falls 2.2% on year: Eurochlor May 05,2016
Chlorine production in the European Union, Norway and Switzerland in March fell 2.2% year on year to 803,921 mt, according to the latest data from industry body Eurochlor, published Wednesday. Eurochlor does not publish production figures for caustic soda but the data implies a decrease in output of the chlorine coproduct to 908,431 mt in Mar...>>>