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Industry Views
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US Gulf Coast High Sulfur Fuel Oil Began Strengthening After a Spate of Recent Selling
Apr 11, 2013US Gulf Coast high sulfur fuel oil began strengthening after a spate of recent selling as players look forward to a shift in supply/demand balances toward tightness in the near term, trading sources said Tuesday. "Availability will be ...
Tags: Metallurgy, Mineral, Energy, Chemicals
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Fixtures for Shipments of More Than 190,000 Mt of Heavy Naphtha Bound for Asia
Apr 11, 2013Fixtures for shipments of more than 190,000 mt of heavy naphtha bound for Asia from the US Gulf Coast show that the arbitrage window has reopened to meet firm demand from Asia, trade and shipping sources said Friday. It marks the second ...
Tags: Metallurgy, Mineral, Energy, gasoline market
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RINs on Monday Reached Their Highest Levels in Four Weeks on Weak Production
Apr 11, 2013Prices for 2012 and 2013 US ethanol renewable credits, also known as RINs, on Monday reached their highest levels in four weeks on the heels of weak biofuels production data released by the US Environmental Protection Agency Friday, sources ...
Tags: ethanol, renewable fuel
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Chinese and Kazakh State Companies Have Signed an Agreement
Apr 11, 2013Chinese and Kazakh state companies have signed an agreement to expand the existing China-Kazakhstan crude oil pipeline, China National Petroleum Corp said Monday on its website. The agreement was signed Saturday during talks held between ...
Tags: crude oil pipeline, crude oil
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Spot Gas Prices on The UK's NBP Trading Hub Began The New Week at The Lowest Levels
Apr 11, 2013Spot gas prices on the UK's NBP trading hub began the new week at the lowest levels in seven-days as demand eased back towards seasonal norms with warmer temperatures moving across the country. The LNG outlook is looking healthier, too, ...
Tags: Spot Prices, gas prices
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Japan and India Will Discuss The Demand and Supply of LNG,Its Pricing Mechanism
Apr 11, 2013Japan and India will discuss the demand and supply of LNG, its pricing mechanism as well as latest trends among consumers' procurements of LNG at low prices over Tuesday-Wednesday in Tokyo, a Japanese government source said Monday. The ...
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Thermal and Semi-soft Coking Coal Shipments Fell 15.8% Week on Week to 2.54 Million Mt
Apr 11, 2013Thermal and semi-soft coking coal shipments from eastern Australia's Newcastle port fell 15.8% week on week to 2.54 million mt for the week ended April 7, and were loaded on to 28 ships, said Newcastle Port Corp in its latest weekly update ...
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US PGP Contracts for April Were Reportedly Starting to Settle Down 10 Cents at 63 Cents/lb
Apr 11, 2013US polymer-grade propylene contracts for April were reportedly starting to settle down 10 cents at 63 cents/lb delivered, one major buyer and two trader sources said Monday. Negotiations were not finalized and another major buyer reported ...
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Sinopec Monday Cut The Ex-works Price of Linear Low Density Polyethylene in East China
Apr 11, 2013China Petroleum and Chemical Corp., or Sinopec, Monday cut the ex-works price of linear low density polyethylene in East China by Yuan 200 to Yuan 10,600/mt, a company source said. On an import parity basis, the LLDPE price is equivalent ...
Tags: Petroleum, Chemical, LLDPE Price
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European Naphtha Prices Have Come Under Pressure From Run Cuts in The Polyolefin Chain
Apr 11, 2013European naphtha prices have come under pressure from run cuts in the polyolefin chain as well as falling crude prices, with ICE Brent futures sinking to an eight-month low Friday, sources said. CIF NWE naphtha was assessed at $846.50/mt ...
Tags: polyethylene market, polyethylene
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Asian Isomer-grade Mixed Xylenes Have Seen a Marked Rebound
Apr 11, 2013After hitting an eight-month low on March 28, Asian isomer-grade mixed xylenes have seen a marked rebound as bargain hunters returned to the market and the downstream paraxylene sector showed signs of rising demand. From $1,119.50/mt FOB ...
Tags: Asian Isomer-Mx, Downstream
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Kuraray Breaks Ground on a Greenfield Kuraray Poval Plant Located in La Porte, Texas
Apr 11, 2013Kuraray will break ground on a greenfield Kuraray Poval (PVOH) plant located in La Porte, Texas. This new plant will add to Kuraray's vast portfolio of manufacturing in the United States, including EVAL (ethylene vinyl acetate) and SEPTON ...
Tags: Textile, Chemicals, ethylene vinyl acetate, co-block thermo-elastomers
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The Total Value of Petrochemical Production in China Grew 11.6 Percent
Apr 11, 2013The total value of petrochemical production in China grew 11.6 percent year-on-year to 1.72 trillion yuan during the initial two months of the current year, the data released by the National Development and Reform Commission (NDRC) said. ...
Tags: Chemicals, petrochemical
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ICE Brent Front-to-second Month Spread Fell Into Contango During Afternoon US Trade Friday
Apr 9, 2013The ICE Brent front-to-second month spread fell into contango during afternoon US trade Friday, the first contango between the two contracts since July 2, 2012. ICE May Brent was down $2.50 at $103.84/b after hitting a fresh eight-month ...
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Angolan Nemba Crude Premium to Heavier Grade Hungo Crude Has Hit a Near Two Year High
Apr 9, 2013The Angolan Nemba crude premium to heavier grade Hungo crude has hit a near two year high as the naphtha-rich grade gains support from soaring Nigerian crude values, market sources said Friday. Platts assessed Nemba Thursday at Dated ...
