Industry Views of chemicals - Made-in-China.com

US April Propylene Contract Prices Settled 1 Cent/Lb Lower Than March's Contract Prices

Apr 16, 2014

US April propylene contract prices settled 1 cent/lb ($22/mt) lower than March's contract prices, sources said Tuesday. The decrease puts the April chemical-grade propylene contract price at 69.50 cents/lb ($1,532/mt) and the ...

Tags: Propylene, chemical-grade

An Initial Northwest European Paraxylene Contract Price Settled at Eur925/Mt FD NWE

Apr 16, 2014

An initial Northwest European paraxylene contract price for April has settled at Eur925/mt FD NWE ($1,277.62/mt), market sources said Tuesday. The initial April settlement represents an increase of Eur25/mt from March, with the March ...

Tags: paraxylene, European market, PX market

US Service Center Inventories of Steel Products Contracted in March

Apr 16, 2014

US service center inventories of steel products contracted in March, while Canadian steel inventories rose to their highest level since June 2013, according to Metals Service Center Institute data published Tuesday. At the end of March, ...

Tags: steel products, steel shipments

The Chinese Private Sector's Annual Gold Demand Is Set to Increase 25%

Apr 16, 2014

The Chinese private sector's annual gold demand is set to increase 25% from the current level of around 1,100 mt to at least 1,350 mt by 2017, the World Gold Council said Tuesday in the 'China's gold market: progress and prospects' report. ...

Tags: Gold Demand, jewelry market

Most US Ethanol Prices Slid Tuesday to Their Lowest Levels

Apr 16, 2014

Most US ethanol prices slid Tuesday to their lowest levels in more than four weeks as stalling buying interest combined with firming supplies, sources said. The Chicago Argo ethanol assessment fell 11.5 cents to $2.6145/gallon, the lowest ...

Tags: Ethanol, ethanol stocks

Ethanol Output in Brazil's Key Center-South Region Was 167.854 Million Liters

Apr 16, 2014

Ethanol output in Brazil's key center-south region was 167.854 million liters (44.342 million gallons) in the second half of March, up 665% from the first half of the month, according to data released Tuesday by trade group Unica. The ...

Tags: Ethanol Output, sugar mills

Malaysia's Export Tax on Crude Palm Oil Will Remain at 5.5% for May

Apr 16, 2014

Malaysia's export tax on crude palm oil will remain at 5.5% for May, unchanged from April, the Malaysia Palm Oil Board's website showed Tuesday. Biodiesel producers and traders said the tax rate would not impact Malaysian biodiesel ...

Tags: CPO Export, biodiesel, Biodiesel producers

The May/June Gasoil Timespread Rose 18 Cents/B From Friday

Apr 16, 2014

The timespread for 500 ppm gasoil swaps in Singapore widened to a four-month high of 83 cents/barrel for May/June Monday, reflecting a tighter market during the regional refinery maintenance season, a narrowing East/West spread and ...

Tags: Gasoil, power generation, heavy air-conditioning

Seepage of Residual Oil Leads to The Unusually High Benzene Level in Tap Water in Lanzhou

Apr 16, 2014

Seepage of residual oil previously leaked from PetroChina Lanzhou Petrochemical Co.'s 10.5 million mt/year (210,000 b/d) integrated refinery and petrochemical complex into the water source for water works was behind the unusually high ...

Tags: residual oil, PetroChina, Petrochemical

On-Going Supply Difficulties Continue to Support US Steel Sheet Pricing

Apr 16, 2014

On-going supply difficulties continue to support US steel sheet pricing, though market sources were divided Monday as to whether a peak had been reached. One large-volume hot-rolled service center buyer said there's "nothing out there" ...

Tags: Steel Sheet, automobile

Finland-Based Stainless Steel Producer Outokumpu Saw a Small Upturn in Stainless Demand

Apr 16, 2014

Finland-based stainless steel producer Outokumpu said Monday it has seen a small upturn in stainless demand and is cautiously optimistic about forward prospects. CEO Mika Seitovirta told the company's annual general meeting of ...

Tags: Finland, stainless steel

Iron Ore Prices Are Likely to Drop to $115/Dry Mt CFR China This Year

Apr 16, 2014

Iron ore prices are likely to drop to $115/dry mt CFR China this year, lower than Q1's $120.68/dmt average, forcing as much as 70-80 million mt/year of high-cost Chinese supplies to shut, Standard Bank said Monday. Iron ore reference ...

Tags: Iron Ore, iron ore demand

Malaysia Approved a 20% Increase in Natural Gas Prices for Industrial & Commercial Sectors

Apr 16, 2014

Malaysia has approved a 20% increase in natural gas prices for industrial and commercial sectors in the west of the country, effective May 1, in order to reflect the cost of procuring more expensive imported LNG. Domestic natural gas ...

Tags: natural gas, LNG Cost

Canada's Total Crude Oil Output Is Expected to Reach 3.9 Million B/D in 2015

Apr 16, 2014

Canada's total crude oil output is expected to reach 3.9 million b/d in 2015, some 500,000 b/d more than the current output, driven primarily by small in-situ oil sands developments, each typically 35,000-40,000 b/d, an industry official ...

Tags: Oil Output, oil sands

The Backwardation on ULSD Barge Swaps Opened up to $7.75/Mt Friday

Apr 16, 2014

The near-term supply shortage of ultra low sulfur diesel in Northwest Europe has forced up the forward curve backwardation to an 11-month high, and prompted the barges and cargo swaps to trade at the narrowest spread since October 2013, ...

Tags: NWE Diesel, ULSD cargoes

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